Industry ranking
Score of 81/100 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 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 27 | 76% | 18% | 6% | 20% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 31 | 68% | 21% | 11% | 40% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 27 | 71% | 23% | 6% | 35% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The payment period is dependent on the service provided and will be agreed with the supplier based on industry accepted practice and agreements determined by geography. Payment terms are calculated from a pre-agreed date such as an invoice date, loading or discharge date or vessel arrival 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
60
SISL will confirm invoices and will advise suppliers promptly of any disputes or reasons why an invoice will not be paid in accordance with the agreed terms. Invoices that are subject to dispute will not be paid until resolution of the dispute. We work collaboratively with our partners to arrive at a mutually agreeable outcome. Depending on the issue our legal team may be involved to resolve any disputes. Once resolved, payment will be made in accordance with the appropriate payment terms.
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
SASOL INTERNATIONAL SERVICES LIMITED is a dissolved private limited company, incorporated on 5 December 1997, based in the West Midlands region. Registered business activity: Non-specialised wholesale trade.
From Companies House records.