| 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 | 23 Jul 2025 | 53 | 34% | 49% | 17% | 44% |
| 01 Jul 2024 - 31 Dec 2024 | 21 Jan 2025 | 55 | 31% | 41% | 28% | 54% |
| 01 Jul 2023 - 31 Dec 2023 | 06 Mar 2024 | 53 | 23% | 38% | 39% | 64% |
| 01 Jul 2022 - 31 Dec 2022 | 09 Feb 2023 | 63 | 17% | 26% | 57% | 92% |
| 01 Jan 2022 - 30 Jun 2022 | 09 Feb 2023 | 58 | 18% | 28% | 54% | 88% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The most frequently applied payment terms agreed with suppliers is 60 days.
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
As a company we place great importance on building and maintaining strong relationships with our suppliers. Should a supplier need to a raise a dispute with regards to an invoice or payment, this should be directed to our accounts payable team based in Leeds in the first instance. The accounts payable team will then follow appropriate escalation procedures to the relevant approver/requisitioner or senior management where appropriate.
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
SHRED-IT LIMITED is a leading provider of secure information destruction services, helping businesses and organizations protect their sensitive data. The company was founded in 1988 and is headquartered in London, UK.
The main activity of SHRED-IT LIMITED is shredding and disposing of confidential documents and digital media, ensuring that sensitive information is securely destroyed and cannot be accessed by unauthorized individuals. They offer a range of services, including on-site shredding, off-site shredding, and hard drive destruction.
In addition to their core business, SHRED-IT LIMITED is committed to sustainability and has a strong environmental program in place. They use eco-friendly shredding processes and recycle all shredded materials, reducing their carbon footprint and promoting a greener approach to information destruction.
The company is led by a team of experienced executives, including CEO Vince De Palma and COO Greg Brophy. They are supported by a dedicated team of professionals who are trained in information security and compliance.
To learn more about SHRED-IT LIMITED and their services, customers can visit their website at www.shredit.co.uk. The registered office address is located at 13-14 Park Lane Business Centre, Park Lane, Langham, Colchester, Essex CO4 5WR, UK.
In summary, SHRED-IT LIMITED is a reliable and trusted provider of secure information destruction services, with a strong focus on sustainability. With a dedicated team and a commitment to protecting sensitive data, the company continues to be a leader in the industry.