SOFTCAT PLC

Standard payment terms

The Company has standard payment terms of 30 days but has negotiated standard payment terms of between 14 and 90 days.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

Where invoices are paid late, 86% of these documents are paid within 30 days of the due date. That equates to £263m of the £308m paid late, in value. The starting point used for calculating payment performance is the invoice date which is likely to overstate the amount of late payments.

Maximum contractual payment period agreed

90

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