The data for Sycamore (Peterborough) Limited shows that the average time taken to pay invoices has fluctuated over the past three periods, with a peak of 48 days in the period of May 2018 to October 2018 and a low of 35 days in the period of May 2017 to October 2017. However, there has been a general trend of decreasing payment times, with the most recent period (May 2019 to October 2019) showing an average time of 41 days.
The volatility in the data can be seen in the varying percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. There has been a significant increase in the percentage of invoices paid later than 60 days in the period of May 2018 to October 2018, compared to the previous period. However, this has decreased in the most recent period (May 2019 to October 2019).
| 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 Nov 2023 - 30 Apr 2024 | 02 Oct 2024 | 43 | 35% | 47% | 18% | 48% |
| 01 May 2023 - 31 Oct 2023 | 02 Oct 2024 | 46 | 45% | 40% | 15% | 45% |
| 01 Nov 2022 - 30 Apr 2023 | 02 Oct 2024 | 56 | 37% | 40% | 22% | 65% |
| 01 May 2022 - 31 Oct 2022 | 02 Oct 2024 | 74 | 29% | 38% | 33% | 68% |
| 01 Nov 2021 - 30 Apr 2022 | 02 Oct 2024 | 83 | 24% | 38% | 39% | 64% |
| 01 May 2021 - 31 Oct 2021 | 02 Oct 2024 | 70 | 35% | 42% | 23% | 60% |
| 01 Nov 2020 - 30 Apr 2021 | 02 Oct 2024 | 62 | 37% | 38% | 25% | 61% |
| 01 May 2020 - 31 Oct 2020 | 02 Oct 2024 | 38 | 34% | 54% | 12% | 64% |
| 01 Nov 2019 - 30 Apr 2020 | 02 Oct 2024 | 58 | 34% | 36% | 30% | 59% |
| 01 May 2019 - 31 Oct 2019 | 05 Nov 2019 | 41 | 34% | 52% | 14% | 29% |
| 01 Nov 2018 - 30 Apr 2019 | 14 Aug 2019 | 43 | 38% | 43% | 19% | 26% |
| 01 May 2018 - 31 Oct 2018 | 14 Aug 2019 | 48 | 41% | 41% | 18% | 21% |
| 01 Nov 2017 - 30 Apr 2018 | 29 May 2018 | 45 | 43% | 34% | 23% | 42% |
| 01 May 2017 - 31 Oct 2017 | 30 Nov 2017 | 35 | 38% | 43% | 19% | 53% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
A majority of our accounts are payment at the end of the following month with some being on 7 days
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
60
If an invoice is in dispute the departmental manager would contact the supplier to resolve. Once the dispute is resolved the invoice would be passed for payment on the next payrun or sooner if required
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.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Sycamore (Peterborough) Limited is a company based in Peterborough, United Kingdom. They specialize in the production and distribution of sustainable timber and wood-based products. The company has a strong focus on sustainability and has implemented various programs to ensure responsible sourcing and production.
Their sustainability program includes sourcing timber from well-managed forests, reducing waste and emissions, and promoting recycling and reuse of materials. They also work closely with their suppliers to ensure ethical and sustainable practices throughout the supply chain.
Sycamore offers a wide range of products, including timber cladding, decking, flooring, and fencing. These products are all made from sustainable wood sources and are certified by the Forest Stewardship Council (FSC) and the Programme for the Endorsement of Forest Certification (PEFC).
The company is led by a team of experienced professionals, including Managing Director Tim Rowbottom and Operations Director Nigel Plummer. They are committed to delivering high-quality, sustainable products and promoting responsible practices in the timber industry.
To contact Sycamore (Peterborough) Limited, customers can visit their website at www.sycamorepeterborough.co.uk. The company's registered office address is Unit 5, Fulbridge Road Industrial Estate, Peterborough, PE1 5AB. Overall, Sycamore is a leading company in the UK timber industry, known for their commitment to sustainability and high-quality products.