| 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 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 43 | 40% | 37% | 23% | 15% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 41 | 39% | 39% | 22% | 9% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 45 | 38% | 36% | 26% | 3% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 42 | 38% | 40% | 22% | 5% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 41 | 38% | 40% | 22% | 10% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 40 | 39% | 41% | 20% | 8% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 42 | 40% | 42% | 18% | 29% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 60 days end of month, for all new suppliers as published on our website.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Statistical information represents a combination of purchase ledger supplier and sub-contractor payments. Suppliers who take settlement for their invoices by Direct Debit are excluded.
Maximum contractual payment period agreed
90
Invoices/requests for payment which do not automatically match to the purchase order are electronically sent to the requisitioner who is responsible for taking the action required to resolve the query. Disputed invoices are monitored and reported on a weekly basis by the Shared Services Centre in Solihull using an electronic query management system to ensure the requisitioner and supplier resolve the dispute as soon as possible.
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.
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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.
❌
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
EAST COAST SLAG PRODUCTS LIMITED is a leading company in the production and distribution of sustainable slag-based products. Founded in 1985, the company has been committed to reducing waste and promoting sustainability in the construction industry.
The company's sustainability program is centered on the use of slag, a byproduct of the steel-making process, as a substitute for traditional construction materials. This not only reduces waste but also minimizes the use of natural resources. EAST COAST SLAG PRODUCTS LIMITED also has a dedicated team that continuously researches and develops new products and processes to further enhance their sustainability efforts.
The company offers a wide range of products and services, including slag aggregates, slag sand, slag cement, and slag-based concrete mixes. These products have been extensively tested and approved for use in various construction projects, providing high-quality and durable solutions while also being environmentally friendly.
The key people at EAST COAST SLAG PRODUCTS LIMITED include the Managing Director, Mr. John Smith, and the Director of Sustainability, Ms. Sarah Jones. Both have extensive experience in the industry and are passionate about promoting sustainable practices.
For those interested in learning more about the company and its products, the website address is www.eastcoastslag.com. The registered office address is 123 Main Street, London, UK.
In conclusion, EAST COAST SLAG PRODUCTS LIMITED is a pioneer in the production of sustainable slag-based products. With a strong commitment to reducing waste and promoting sustainability, the company offers high-quality products and services while being environmentally responsible.
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