STANMORE CONTRACTORS LIMITED
Company number: 02754550
Reporting period:
1 April 2024 to
30 September 2024
This report was filed on 14 January 2025
and approved by Tanya Barrett
Payment statistics
Average time taken to pay invoices: 15 days
Invoices paid:
- within 30 days: 84%
- in 31 to 60 days: 15%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 0%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
60 days
Standard payment terms
Stanmore Contractors Limited does not have a standard payment term as payment terms are agreed with suppliers at contract/negotiation. The most frequently used payment terms in the reporting period is 30 days. We aim to pay Sub-Contractors within 14 days of receipt of invoice.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
We have implemented systems and procedures to ensure prompt payment to suppliers.
Any other information about payment terms
N/A
Dispute resolution process
Stanmore Contractors Ltd aim to resolve any disputes with the relevant supplier or sub-contractor promptly, this usually involves communicating with members of the procurement, finance, commercial construction and management teams. A dispute resolution method may be used where a resolution cannot be reached.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
Yes
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
No
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No