Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 2025 - 30 Jun 2025 | 04 Aug 2025 | 49 | 6% | 62% | 32% | 42% |
| 01 Jul 2024 - 31 Dec 2024 | 05 Feb 2025 | 49 | 7% | 60% | 33% | 37% |
| 01 Jan 2024 - 30 Jun 2024 | 31 Jul 2024 | 49 | 8% | 58% | 34% | 40% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 50 | 8% | 58% | 34% | 46% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 50 | 8% | 56% | 36% | 42% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 54 | 7% | 56% | 37% | 45% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 51 | 10% | 54% | 36% | 42% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 50 | 10% | 54% | 36% | 43% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 50 | 8% | 54% | 38% | 44% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 50 | 12% | 51% | 37% | 46% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 54 | 6% | 40% | 54% | 67% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 56 | 6% | 45% | 49% | 67% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 61 | 12% | 44% | 44% | 75% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 53 | 18% | 47% | 35% | 66% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 53 | 20% | 47% | 33% | 77% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are 30 Days EOM +1. This means we pay on the first working day
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Whilst 40% of invoices appear not to be paid within the agreed terms. One of our main month end payment run's is generated on the 1st working day of the following month for invoices that are due at the end of the month, this has been the customary practice for a number of years and is widely accepted by our supplier base.
Maximum contractual payment period agreed
90
We aim to resolve all disputes promptly and will normally do so by raising an abeyance note (request for credit note) to the supplier detailing the query, followed by contacting suppliers directly. Any disputes regarding payments are also directed to our AP Helpdesk team.
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
SIG Trading Limited operates as a specialist distributor of building materials, supplying insulation, drywall, ceiling systems, fire protection products and technical insulation. It describes itself as one of the UK's largest distributors in this field, giving access to over 250,000 products from various manufacturers through around 30 branches nationwide. The company holds warehouse stock for delivery or branch collection, operates a fleet of vehicles for site deliveries, and provides technical support including modelling for Building Regulations compliance on projects such as new builds, refurbishments and retrofits. It also incorporates specialist divisions covering metal frame wall and ceiling systems, partitioning installation, and HVAC and industrial insulation supplies.
Generated from the company's website and Companies House records. Sources: bbmltd.co.uk