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 is a company based in the United Kingdom that specializes in the sale and maintenance of commercial vehicles. With over 20 years of experience, the company has established itself as a reliable and reputable partner for businesses in need of commercial vehicles.
The company's sustainability program is a key aspect of their operations, with a focus on reducing their environmental impact through the use of eco-friendly technologies and materials. S & B COMMERCIALS LIMITED also actively promotes recycling and waste reduction within their facilities.
Their range of products and services includes the sale of new and used commercial vehicles, such as trucks, vans, and trailers. They also offer a variety of maintenance and repair services, including diagnostics, MOT testing, and body repairs.
The key people at S & B COMMERCIALS LIMITED include the managing director, Mr. John Smith, who has been with the company since its inception. The team is made up of experienced professionals in the field of commercial vehicles, who are dedicated to providing high-quality products and services to their clients.
The company's website address is https://sbcommercials.co.uk/, where customers can browse their inventory, request a quote, and find more information about their services. The registered office address is Unit 5, 11 Stirling Road, South West Industrial Estate, Peterlee, County Durham, SR8 2BY, United Kingdom.
In summary, S & B COMMERCIALS LIMITED is a sustainable, customer-focused company that offers a wide range of commercial vehicles and services. With their experienced team and commitment to sustainability, they continue to be a trusted partner for businesses in the UK.