SARASIN & PARTNERS LLP
Company number: OC329859
Reporting period:
1 January 2023 to 30 June 2023
Report filed on:
25 July 2023
Approved by:
Mr Tim Temple
Payment statistics
Average time taken to pay invoices: 24 days
Invoices paid:
- within 30 days: 78%
- in 31 to 60 days: 18%
- in 61 days or more: 4%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 22%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
30 days
Standard payment terms
Sarasin & Partners LLP operates a preferred payment period of 30 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
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
At Sarasin & Partners LLP (“Sarasin”), we are committed to having fair and ethical business relationships with all of our suppliers. In the event there is a commercial dispute about payment, we strive to resolve disputes in a timely manner. Our dispute resolution process involves a collaborative effort to ensure a mutually agreeable outcome is reached. In the majority of circumstances, the Sarasin representative responsible for the procurement of the goods or services will resolve a dispute directly with the supplier via telephone or email. In the unlikely event that a dispute cannot be resolved in this way, the matter will be referred to our in‐house Legal Team.
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