Ranked in 4 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 93.2/100 qualifies for PaymentCheck Certification
| 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 Aug 2024 - 31 Jan 2025 | 28 Feb 2025 | 13 | 89% | 9% | 2% | 11% |
| 01 Aug 2020 - 31 Jan 2021 | 26 Feb 2021 | 14 | 91% | 5% | 4% | 11% |
| 01 Feb 2020 - 31 Jul 2020 | 28 Aug 2020 | 14 | 90% | 6% | 4% | 9% |
| 01 Aug 2019 - 31 Jan 2020 | 27 Feb 2020 | 20 | 83% | 13% | 4% | 18% |
| 01 Feb 2019 - 31 Jul 2019 | 29 Aug 2019 | 19 | 85% | 11% | 4% | 15% |
| 01 Aug 2018 - 31 Jan 2019 | 28 Feb 2019 | 19 | 83% | 15% | 2% | 17% |
| 01 Feb 2018 - 31 Jul 2018 | 29 Aug 2018 | 20 | 86% | 11% | 3% | 16% |
| 01 Aug 2017 - 31 Jan 2018 | 28 Feb 2018 | 22 | 86% | 8% | 6% | 14% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Commercial Acceptances Ltd agrees appropriate terms of payment with suppliers for each transaction or series of transactions, and abides by those terms based on the timely submission of valid invoices. In the absence of agreed terms with a supplier, the Group’s policy is to pay within 60 days of receipt of a valid invoice. The most frequently agreed term with suppliers is 30 days from receipt of a valid invoice.
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
Commercial Acceptances Ltd and the supplier will first attempt to resolve any dispute by referring it for formal discussion between Commercial Acceptances Ltd authorised representative and the supplier (both acting reasonably and in good faith). If Commercial Acceptances Ltd authorised representative and the supplier are for any reason unable to resolve the dispute within 14 days of the date of its referral to them, the dispute may be referred to court by either Commercial Acceptances Ltd or 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
Commercial Acceptances Limited provides short-term property finance, trading as Commercial Acceptances Ltd since 1983. It offers bridging loans for residential and commercial investment properties, finance for property developers undertaking refurbishments and developments, and short-term loans for auction property purchases. The company describes itself as offering fast, flexible finance with straightforward, competitive rates and no hidden fees. It is based in London and operates through a lending team supporting senior lenders who manage client loan books. General operations and payments enquiries are handled via an associated Close Brothers contact, indicating a link to that wider corporate group.
Generated from the company's website and Companies House records. Sources: acceptances.co.uk · acceptances.co.uk