Published reports

SPP PUMPS LIMITED

Company number: 04839607

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 January 2025 to 30 June 2025

Report filed on:

30 July 2025

Approved by:

Robert Tichband

Payment statistics

Average time taken to pay invoices: 63 days

Total value paid:

within 30 days: £1,000,050 (4%)
in 31 to 60 days: £3,540,000 (15%)
in 61 days or more: £18,570,000 (80%)

Invoices paid:

within 30 days: 15%
in 31 to 60 days: 29%
in 61 days or more: 56%

Late and disputed:

total value of payments due in the reporting period which have not been paid within the agreed period: £16,990,000
payments due in the reporting period which have not been paid within the agreed period: 65%
not made in the reporting period due to a dispute: 11%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

90 days

Standard payment terms

Standard payment terms are 60 days from the end of the invoice month.

Were there any changes to the standard payment terms in the reporting period?

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

120 days

No further comment provided

Any other information about payment terms

Longest standard payment period would be 90 Days end of invoice month.

Dispute resolution process

A dispute may arise due to incorrect pricing or quantities, non-compliance with purchase order terms, defective or incomplete goods/services, or late or non-receipt of goods/services. The accounts payable (AP) team or receiving department will identify any discrepancies or issues. After the vendor has been notified, both parties will aim to resolve the dispute as soon as practicably possible. Unresolved disputes will be escalated to the Financial Controller or Chief Operating Officer where necessary. In exceptional cases, formal mediation or arbitration may be pursued in accordance with the company’s standard terms and condition of purchase.

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.

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.

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?