SMART GARDEN PRODUCTS LTD
Company number: 04583901
Reporting period:
1 December 2024 to 31 May 2025
Report filed on:
19 June 2025
Approved by:
Richard Browne
Payment statistics
Average time taken to pay invoices: 21 days
Invoices paid:
- within 30 days: 53%
- in 31 to 60 days: 45%
- in 61 days or more: 2%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 43%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
90 days
Standard payment terms
We have differing terms for each supplier, but our most common standard contractual length of time for payment of invoices for our UK suppliers are 30 days from document date and 30 or 45 days from the end of the month that the invoice is dated. We also have a large number of suppliers based abroad, where our payment terms differ from those in the UK. Our standard contractual length of time for payment of non-UK invoices range from deposit payments to 90 days from date of shipment of goods.
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
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
If there is a dispute with a supplier regarding payment of a purchase invoice, the supplier is advised to contact the business by either telephone or email. The query will initially be dealt with by one of the accounts team responsible for the payments and escalated to a supervisor as appropriate. We aim to resolve disputes within seven days.
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