T.E.SCUDDER LIMITED demonstrates a trend towards extended payment cycles, with an average payment time of 47 days. Only 44% of invoices are settled within 30 days, indicating that the majority of payments consistently fall outside standard net-30 terms. This trajectory suggests a established pattern of delayed payment behavior rather than prompt settlement.
Payment reliability from T.E.SCUDDER LIMITED is low, evidenced by 37% of payments being officially late. The distribution, with 20% exceeding 60 days, highlights significant unpredictability regarding settlement timing for any given invoice. This payment profile presents a considerable cash flow risk for suppliers due to its inconsistency and extended duration.
Overall, T.E.SCUDDER LIMITED presents a moderate to high payment risk, requiring careful consideration for potential suppliers. Key decision factors include the impact on your cash flow and increased administrative effort for accounts receivable. It is recommended to negotiate shorter payment terms, consider upfront deposits, or adjust pricing to account for extended payment 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 | 28 Oct 2019 | 42 | 40% | 36% | 24% | 40% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 50 | 33% | 41% | 26% | 27% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Company’s payment terms can vary by contract and supply type, however our standard payment terms for supplier payments are 45 days end of month from Invoice date. Subcontract payment terms are dependent on the specific requirements of individual projects.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
We operate on standard payment terms unless specifically agreed between our supplier and our Group Head of Procurement.
Maximum contractual payment period agreed
76
At T.E. Scudder Ltd, we strive to resolve payment queries in a timely basis. We are committed to dealing fairly with and promptly paying our suppliers and subcontractors. The method of dispute resolution used will depend on the nature of the query. In respect of our subcontractors, the dispute will be dealt with by the relevant project team who will negotiate with our subcontractor until the issue is resolved and payment is made. In respect of disputes with our suppliers, our Accounts Payable team will expedite a resolution assisted by our Procurement and relevant site teams. Should formal resolution be required, which is extremely unlikely, methods such as mediation may be used.
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
T.E.SCUDDER LIMITED operates as a private limited company. This established legal structure designates it as a distinct corporate entity.
The company was incorporated on 27 May 1958 and currently holds an active status. Its registered office is situated at 1 Hand Axe Yard 277a Gray's Inn Road, Kings Cross, London, United Kingdom, WC1X 8BD, identified by company number 00605142.
As a private limited company, this organisational type is widely utilised across the UK economy. Such entities are established to provide a broad spectrum of goods and services to consumers, businesses, and other organisations within various markets.