| 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% |
| 01 Oct 2018 - 31 Mar 2019 | 17 Apr 2019 | 99 | 5% | 21% | 73% | 60% |
| 01 Apr 2018 - 30 Sept 2018 | 25 Oct 2018 | 102 | 6% | 23% | 71% | 67% |
| 01 Oct 2017 - 31 Mar 2018 | 25 Apr 2018 | 96 | 9% | 26% | 65% | 68% |
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 trades as Selecta UK, a vending and coffee machine operator serving workplaces across the UK and Republic of Ireland. It supplies and services vending machines for coffee, snacks, cold drinks and food, alongside micromarket concepts, water dispensers and unmanned retail solutions such as scan and go micromarkets and smart fridges. Clients include offices, factories, hospitals, universities, hotels, transport hubs and leisure venues, generally with over 100 employees, plus cafes and retailers with high hot beverage volumes. The company offers branded hot beverages including Starbucks, Change Please and its own Pelican Rouge coffee, and describes itself as part of a wider European self-serve retail group operating on a 24/7 service basis with full end-to-end account management.
Generated from the company's website and Companies House records. Sources: selecta.co.uk · selecta.co.uk