The average time taken for SYDENHAMS LTD to pay invoices to suppliers has remained consistent at 34 days over the last three periods. However, there has been a slight decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid between 31 and 60 days, with the biggest change in the last period.
The volatility in the average time to pay is minimal, with only a 1-day difference between the shortest and longest standard payment period. However, there has been some variation in the percentage of invoices paid within 30 days and between 31 and 60 days, indicating that SYDENHAMS LTD may not have consistent payment practices.
SYDENHAMS LTD has maintained an average time to pay of 34 days over the last three periods, but there has been a slight decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid between 31 and 60 days. The company has consistently had a low percentage of invoices paid later than 60 days, with the lowest being 2% in the first and third periods. However, there has been a slight increase in the percentage of invoices not paid within agreed terms in the first and third periods.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Apr 2019 - 30 Sept 2019 | 01 Nov 2019 | 34 | 43% | 55% | 2% | 1% |
| 01 Apr 2018 - 31 Mar 2019 | 26 Apr 2019 | 34 | 45% | 53% | 2% | 0% |
| 01 Apr 2018 - 30 Sept 2018 | 02 Oct 2018 | 34 | 45% | 53% | 2% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
payment end of month following month of invoice
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
61
Disputes are resolved by the local branch manager contacting the supplier. In the event that the matter cannot be resolved then it is escalated to the Purchasing Director
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Sydenhams Ltd is a private limited company registered in Bournemouth, incorporated in 1920 and previously known as J.T. Sydenham & Co. Limited until 1999. Its registered activity is the wholesale of wood, construction materials and sanitary equipment, placing it within the building materials, tools and accessories sector. The company supplies these products on a wholesale basis rather than manufacturing them itself. It remains an active company with a long trading history under the Sydenhams name following its 1999 rebrand from its original founding name.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk