Score of 81.35/100 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 Jul 2025 - 31 Dec 2025 | 21 Jan 2026 | 28 | 72% | 27% | 1% | 6% |
| 01 Jan 2025 - 30 Jun 2025 | 25 Jul 2025 | 29 | 68% | 30% | 2% | 5% |
| 01 Jul 2024 - 31 Dec 2024 | 23 Jan 2025 | 28 | 72% | 27% | 1% | 6% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 26 | 78% | 21% | 1% | 4% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 40 | 34% | 54% | 12% | 22% |
| 01 Jan 2023 - 30 Jun 2023 | 07 Aug 2023 | 37 | 39% | 52% | 9% | 18% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 37 | 34% | 58% | 7% | 16% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jan 2023 | 34 | 41% | 53% | 6% | 21% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 36 | 32% | 63% | 5% | 12% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 53 | 29% | 40% | 31% | 28% |
| 01 Jul 2020 - 31 Dec 2020 | 31 Jan 2021 | 31 | 41% | 55% | 4% | 17% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 45 | 14% | 75% | 11% | 24% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 43 | 20% | 71% | 9% | 42% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 46 | 15% | 73% | 12% | 43% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 44 | 15% | 74% | 11% | 21% |
| 01 Jan 2018 - 30 Jun 2018 | 28 Jul 2018 | 42 | 13% | 78% | 9% | 44% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are within 45 days from receipt and acceptance of invoice. Payments are made twice a month (10th and 25th or nearest working day). Invoices are paid in the payment run following 30 days from receipt of invoice. For example, an invoice received on the 15th will be paid on the 25th of the following month, a payment period of 40 days, which will be reflected in the payment statistics.
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
60
If any disagreement arises out of the invoices and their payment, the matter shall be dealt with as follows: the Supplier shall send an email to finance@sstl.co.uk with evidence that it met the invoicing requirements and with an explanation of its claim regarding any unpaid invoice. The Accounts Payable department should respond within 5 working days. If this dispute is not resolved, the Supplier should write to the Financial Controller at the Head Office address who shall respond to the Supplier within 10 working days of receipt of the Supplier’s letter and the parties will use their reasonable endeavours to resolve the matter promptly.
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
Surrey Satellite Technology Limited (SSTL) is a British company that specializes in the design, manufacture, and operation of small satellites. Founded in 1985, the company is headquartered in Guildford, Surrey, and has a global presence with offices in the United States, China, and India.
SSTL is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have a Sustainability Committee that monitors and implements sustainable practices, such as reducing energy consumption and waste, promoting recycling, and using renewable energy sources. The company also works with suppliers to ensure they adhere to ethical and sustainable practices.
SSTL offers a range of products and services, including satellite design and manufacturing, satellite operations and data services, and space mission solutions. Their satellites are used for various applications, such as Earth observation, navigation, and telecommunications. They also provide data services, such as monitoring and analysis of Earth observation data, and operate their own satellite ground station.
The key people at SSTL include Dr. Luis Gomes, the CEO, who has been with the company for over 30 years and has led the development of over 60 satellite missions, and Dr. Matt Perkins, the Chief Technology Officer, who has been with the company for 25 years and has contributed to over 40 satellite missions. The company also has a team of experienced engineers, scientists, and project managers who are dedicated to delivering high-quality satellite solutions.
To contact SSTL, you can visit their website at www.sstl.co.uk, where you can find information about their products and services, news and events, and career opportunities. Their registered office address is Surrey Satellite Technology Limited, Tycho House, 20 Stephenson Road, Surrey Research Park, Guildford, Surrey, GU2 7YE, United Kingdom.
In summary, SSTL is a leading British company in the field of small satellite technology, with a strong commitment to sustainability. They offer a range of products and services and have a team of experienced professionals dedicated to delivering innovative and high-quality solutions. Their website provides a wealth of information and can be used to get in touch with the company.
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