The data shows a consistent trend of the average time taken for S & B COMMERCIALS LIMITED to pay invoices increasing from 2017 to 2019, with a slight decrease in the % of invoices paid within 30 days and an increase in the % of invoices paid later than 60 days. However, there is no data available for the latter part of 2019 and all of 2020 and 2021, so it is difficult to determine the current trend.
The data shows some volatility in the average time taken for S & B COMMERCIALS LIMITED to pay invoices, with a decrease in 2018 and an increase in 2019. There is also some volatility in the % of invoices paid within 30 days, with a decrease in 2018 and an increase in 2019. However, there is not enough data available to determine the overall volatility of the company's invoice payment process.
Between 2017 and 2019, there was an increase in the average time taken for S & B COMMERCIALS LIMITED to pay invoices, from 21 days to 27 days. There was also a decrease in the % of invoices paid within 30 days, from 62% to 65%, and an increase in the % of invoices paid later than 60 days, from 4% to 9%. The % of invoices not paid within agreed terms also increased from 4% to 8%. The company's shortest (or only) standard payment period remained at 70 days throughout all three 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 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 25 | 74% | 18% | 8% | 37% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 27 | 65% | 26% | 9% | 49% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 26 | 60% | 35% | 5% | 49% |
| 01 Jul 2017 - 31 Dec 2017 | 02 Feb 2018 | 21 | 62% | 34% | 4% | 4% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment run on 10th of second month following invoice date, weekly payment runs to catch up any omitted items
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
70
Contact purchase ledger in first instance, the manager who placed the order will resolve with the supplier
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
S & B Commercials Limited was previously registered as S & B Commercials PLC until 2018. Historical charge records show it held stocks of new and used Mercedes-Benz motor vehicles and entered into supply agreements for ERF-manufactured vehicles, indicating past activity as a commercial vehicle dealer. The company is now recorded at Companies House with a nature of business of dormant company, and its status shows an active proposal to strike off. No trading website or current operational description is available in the evidence, and the entity appears to have ceased active commercial vehicle dealing.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk