Industry ranking
| 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 Dec 2019 - 31 May 2020 | 12 Jun 2020 | 56 | 23% | 34% | 43% | 35% |
| 01 Jun 2019 - 30 Nov 2019 | 09 Dec 2019 | 60 | 24% | 25% | 51% | 16% |
| 01 Dec 2018 - 31 May 2019 | 19 Jul 2019 | 71 | 20% | 32% | 48% | 32% |
| 01 Jun 2018 - 30 Nov 2018 | 02 Jan 2019 | 62 | 27% | 25% | 48% | 33% |
| 01 Dec 2017 - 31 May 2018 | 11 Jul 2018 | 56 | 28% | 29% | 43% | 30% |
| 01 Jun 2017 - 30 Nov 2017 | 13 Mar 2018 | 66 | 17% | 30% | 53% | 47% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
http://www.sti-limited.com/wp-content/uploads/2017/03/STI-Terms-and-Conditions-of-Purchase-January-2017.pdf
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
160
Any dispute will be dealt with by the Purchasing and Finance Departments
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.
❌
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Surface Technology International Limited, trading as STI, is a UK manufacturer of complex, mission-critical electronic systems for defence, aerospace and security customers. Operating from accredited facilities in Hook, Hampshire and Poynton, Cheshire, it validates and improves designs, manages supply chains, and builds and tests electronic systems ranging from printed circuit board assemblies to full product and cabinet-level system integration. Capabilities include RF systems, wiring, environmental and functional testing, and through-life support such as repair and obsolescence management. The company serves programmes across land, air, sea and cyber domains, including sensing, communications and autonomous platforms, and describes itself as a UK Sovereign accredited electronics manufacturing services partner to defence and aerospace primes.
Generated from the company's website and Companies House records. Sources: sti-limited.com · sti-limited.com