SEACO GLOBAL LIMITED
Company number: 03527858
Reporting period:
1 July 2024 to 31 December 2024
Report filed on:
28 January 2025
Approved by:
Mark Bishop
Payment statistics
Average time taken to pay invoices: 8 days
Invoices paid:
- within 30 days: 99%
- in 31 to 60 days: 1%
- in 61 days or more: 0%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 8%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Seaco Global Limited agrees payment terms with suppliers on a case by case basis depending on the commercial situation rather than using standard payment terms. The payment terms most frequently used during the reporting period were to pay within 30 days of the invoice date.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Seaco Global Limited contracts with relatively few suppliers and each one has a named individual within the company whom they can contact in the event of any query or dispute relating to invoice payments. In accordance with our Ethics Policy, Seaco Global Limited seeks to maintain open and honest dialogue with all suppliers and endeavours to resolve any disputes reasonably and in a timely manner by working closely with all stakeholders involved.
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 Fair 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.
No
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