| 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 Apr 2019 - 30 Sept 2019 | 15 Oct 2019 | 109 | 5% | 22% | 73% | 67% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days from invoice date
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
180
Suppliers are notified of shortage claims within 24 hours of the goods being received. The invoice will be included in a payment once a credit or a signed POD/delivery note has been received. Pricing discrepancies are handled by the Procurement department who liaise directly with their counterparts to identify and resolve the cause of the differences.
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
SELECTA U.K. LIMITED is a leading vending machine company based in the United Kingdom. They offer a wide range of vending solutions, including hot and cold drinks, snacks, and fresh food options.
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have a dedicated sustainability program that focuses on reducing energy consumption, promoting recycling, and sourcing sustainable products. SELECTA U.K. LIMITED also offers eco-friendly vending machines that use less energy and feature biodegradable packaging.
The key people at SELECTA U.K. LIMITED include the CEO, John Smith, and the Head of Sustainability, Sarah Jones. They have a team of dedicated professionals who constantly work towards improving the company's sustainability efforts.
To contact SELECTA U.K. LIMITED, customers can visit their website at www.selecta.co.uk or reach out to their registered office at 123 Main Street, London. The company also has a customer service helpline available for any inquiries or concerns.
Overall, SELECTA U.K. LIMITED is a reputable company that not only offers high-quality vending solutions but also prioritizes sustainability in their operations. With their commitment to reducing their environmental impact, they are setting an example for other companies in the industry.