SOJITZ EUROPE PLC demonstrates a strong trend for prompt payments, with an average payment time of 20 days. A significant 77% of payments are consistently made within 30 days, indicating a strong inclination towards timely remittance.
Despite the fast average, a notable 45% of payments are recorded as late, introducing an element of unpredictability regarding specific payment due dates. While only 2% extend beyond 60 days, the 21% falling into the 31-60 day bracket suggests a non-negligible portion of invoices may not adhere to standard 30-day terms.
Overall, SOJITZ EUROPE PLC is a generally reliable payer, with a high probability of receiving payment within 30 days. Suppliers should factor in the 45% late payment rate, preparing for potential delays beyond standard terms for a minority of invoices. It is recommended to establish clear payment terms and consider proactive follow-up for invoices approaching the 30-day mark to mitigate cash flow variability.
| 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 Oct 2023 - 31 Mar 2024 | 23 Apr 2024 | 20 | 77% | 21% | 2% | 45% |
| 01 Apr 2023 - 30 Sept 2023 | 20 Oct 2023 | 17 | 88% | 9% | 3% | 18% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 29 | 73% | 18% | 9% | 26% |
| 01 Apr 2022 - 30 Sept 2022 | 24 Oct 2022 | 28 | 81% | 16% | 3% | 16% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 27 | 82% | 15% | 3% | 17% |
| 01 Apr 2021 - 30 Sept 2021 | 26 Oct 2021 | 28 | 80% | 15% | 5% | 16% |
| 01 Oct 2020 - 31 Mar 2021 | 27 Apr 2021 | 25 | 86% | 12% | 2% | 13% |
| 01 Apr 2020 - 30 Sept 2020 | 28 Oct 2020 | 28 | 77% | 20% | 3% | 21% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 26 | 81% | 17% | 2% | 17% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 27 | 69% | 29% | 2% | 31% |
| 01 Oct 2018 - 31 Mar 2019 | 01 May 2019 | 27 | 68% | 29% | 3% | 31% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 27 | 70% | 26% | 4% | 24% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
EACH CONTRACT IS SEPARATELY NEGOTIATED WITH UNIQUE PAYMENT TERMS. THE MOST COMMON TERMS ARE PAYMENT WITHIN 30 DAYS OF INVOICE DATE.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
EACH DEPARTMENT HEAD IS SEPARETELY RESPONSIBLE FOR RESOLUTION OF DISPUTES WITH THEIR SUPPLIERS. IT IS SOJITZ EUROPE PLC POLICY TO RESOLVE ALL DISPUTES WITHIN A REASONABLE TIMEFRAME.
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
SOJITZ EUROPE PLC is established as a Public limited Company. This corporate structure signifies an organisation whose shares are available for public ownership, enabling greater capital raising capabilities.
The company was incorporated on 1 October 1992, operating under company number 02753531. Its registered office is located in London at Suite 221 Orega Gracechurch Street, 70 Gracechurch Street, London, England, EC3V 0HR. SOJITZ EUROPE PLC is currently in liquidation.
As a Public limited Company, such an organisation is structured to engage in significant commercial undertakings. It is capable of raising substantial capital from public investors to support diverse business operations and market offerings within the UK economy.