The trend for WALTER E. STURGESS & SONS LIMITED shows a consistent decrease in the average time taken to pay invoices over the past three periods.
The volatility in the percentage of invoices paid within 30 days has remained relatively stable over the past three periods, ranging from 62% to 66%. However, there has been a decrease in the percentage of invoices paid between 31 and 60 days, indicating that more invoices are being paid within 30 days. The most significant change can be seen in the percentage of invoices paid later than 60 days, which has decreased from 8% to 5% over the past three periods.
From Jan 2017 to Jun 2018, WALTER E. STURGESS & SONS LIMITED has shown a decrease in the average time taken to pay invoices, from 27 days to 24 days. This is mainly due to an improvement in the percentage of invoices paid within 30 days, which has increased from 62% to 66%. The percentage of invoices paid between 31 and 60 days has remained stable at 30%, while the percentage of invoices paid later than 60 days has decreased from 8% to 5%.
| 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 Jan 2018 - 30 Jun 2018 | 06 Aug 2018 | 24 | 66% | 29% | 5% | 34% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
VEHICLES PAID WITHIN 3 DAYS SERVICE AND PARTS PAID 30 DAYS AFTER MONTH IN WHICH IT IS RECEIVED
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
30
VEHICLES SERVICE BODYSHOP PARTS all deal with disputes on a departmental basis ultimate responsibility rests with FD
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
Walter E. Sturgess & Sons Limited is a Leicester-based company incorporated in 1938, registered under the SIC code for sale of new cars and light motor vehicles. Companies House records categorise it within automotive dealerships and mechanics and garages, indicating a car retailing and servicing operation. The company has traded under its current name since 1989, having previously been listed simply as Walter E. Sturgess & Sons, Limited. No further detail on branch locations, marques sold or additional services is available from the evidence supplied. The company remains active, with its registered office in Leicestershire, and continues to file accounts and confirmation statements as a private limited company.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk