SMS METER ASSETS LIMITED
Company number: SC320750
Reporting period:
1 July 2024 to 31 December 2024
Report filed on:
21 January 2025
Approved by:
Gail Blain
Payment statistics
Average time taken to pay invoices: 15 days
Invoices paid:
- within 30 days: 100%
Late and disputed:
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
Intercompany payments make up the majority of transactions, with payment terms of 15 days.
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
60 days
n/a
Any other information about payment terms
n/a
Dispute resolution process
Our dispute resolution process is detailed in each contract under a dispute resolution clause which may vary per contract. If a resolution cannot be found between senior staff, mediation can be sought and court proceedings would follow if necessary.
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