Score of 87.54/100 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 Nov 2025 - 30 Apr 2026 | 27 May 2026 | 20 | 87% | 13% | 0% | 14% |
| 01 May 2025 - 31 Oct 2025 | 25 Nov 2025 | 22 | 82% | 18% | 0% | 14% |
| 01 Nov 2024 - 30 Apr 2025 | 28 May 2025 | 22 | 83% | 17% | 0% | 13% |
| 01 May 2024 - 31 Oct 2024 | 27 Nov 2024 | 21 | 84% | 16% | 0% | 12% |
| 01 Nov 2023 - 30 Apr 2024 | 31 May 2024 | 18 | 93% | 7% | 0% | 9% |
| 01 May 2023 - 31 Oct 2023 | 30 Nov 2023 | 22 | 81% | 19% | 0% | 7% |
| 01 Nov 2022 - 30 Apr 2023 | 01 Jun 2023 | 26 | 72% | 26% | 2% | 19% |
| 01 May 2022 - 31 Oct 2022 | 11 Jan 2023 | 30 | 68% | 31% | 1% | 37% |
| 01 Nov 2021 - 30 Apr 2022 | 19 Aug 2022 | 26 | 60% | 39% | 1% | 38% |
| 01 May 2021 - 31 Oct 2021 | 01 Dec 2021 | 27 | 54% | 45% | 1% | 47% |
| 01 Nov 2020 - 30 Apr 2021 | 02 Jun 2021 | 22 | 70% | 30% | 0% | 9% |
| 01 May 2020 - 31 Oct 2020 | 04 Dec 2020 | 40 | 29% | 61% | 10% | 2% |
| 01 Nov 2019 - 30 Apr 2020 | 04 Dec 2020 | 45 | 28% | 62% | 10% | 3% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Trading normally takes place under 30 day terms. Some items are paid on shorter dates for small local companies
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
Any concerns will be raised with Accounts Payable team in the first instance. These are normally resolved at this level and the Procurement team will often be involved. If this is not resolved it will be escalated through the finance Manager to the Head of Finance.
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
Systems Engineering & Assessment Ltd, trading as SEA, is part of the Cohort Group. The company develops, delivers and supports defence solutions, with a focus on maritime systems including ship and fleet protection, undersea battlespace equipment, integrated maritime systems and maritime support and services. It operates from sites in Barnstaple, Beckington and Bristol, with Barnstaple serving as its production facility carrying out manufacturing, testing and certification of equipment. The business also has associated operations in Canada. With over 60 years of experience in the naval defence industry, SEA designs and manufactures specialist systems such as torpedo launchers and communications equipment for defence customers.
Generated from the company's website and Companies House records. Sources: sea.co.uk · sea.co.uk