The average payment time for S&P TRUCOST LIMITED is 37 days, indicating a moderate payment velocity. While 45% of invoices are settled promptly within 30 days, a significant 30% consistently extend beyond 60 days, demonstrating a split payment behavior. This pattern suggests a segment of transactions experiences efficient processing, while another faces consistent and prolonged delays.
Payment reliability is inconsistent; 30% of invoices are paid over 60 days, contributing to a high risk of unpredictable and extended payment delays. The distribution reveals a notable lack of uniformity, as almost one-third of payments fall into the longest and riskiest category. This variability means suppliers cannot reliably predict the payment timeline for all invoices, introducing cash flow uncertainty.
S&P TRUCOST LIMITED poses a moderate payment risk, primarily due to the 30% of invoices consistently paid over 60 days and classified as late. Suppliers should factor in this significant delay potential by considering stricter payment terms or proactive cash flow management strategies. Close monitoring of invoice aging and potential credit limit adjustments are recommended to mitigate the impact of prolonged payment cycles.
| 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 2025 - 30 Jun 2025 | 31 Jul 2025 | 37 | 45% | 25% | 30% | 30% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jul 2025 | 40 | 33% | 52% | 15% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days - invoice date to payment date with 1,7 and 15 day excepted categories.
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
Payment Terms, including exceptions, per Policy are applied to all qualifying contracts. Where a negotiation is required S&P Trucost Limited will consider the uniqueness of the value that the vendor provides. The facility for specific exemption to be granted does exist but requires senior finance management approval. All qualifying contracts contains terms for late payment or non-payment including the levying of interest and termination for cause.
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
S&P TRUCOST LIMITED operates as an active private limited company. Its name, 'S&P TRUCOST', indicates a focus on providing data, analysis, or services related to cost assessment, financial metrics, or sustainability insights.
The company holds the registration number 03929223 and was incorporated on 15 February 2000, maintaining an active status. Its registered office is located at 4th Floor Ropemaker Place, 25 Ropemaker Street, London, United Kingdom, EC2Y 9LY.
As a private limited company operating in the UK, organisations like S&P TRUCOST LIMITED are typically established to provide specialised professional services, data analysis, or bespoke solutions within their defined industry. Such companies commonly cater to business-to-business needs, focusing on expert consultation, information delivery, or technical support.