| 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 | 28 Jul 2021 | 60 | 9% | 58% | 33% | 19% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 48 | 38% | 31% | 31% | 10% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 30 | 3% | 90% | 7% | 2% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The vast majority of suppliers are paid end of the month following i.e. purchases are paid at the end of the month following the invoice date. In addition, in the case of a few suppliers, the payment terms are 7 days, 14 days, 30 day and, 90 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
90
Generally there are no disputes with the suppliers. If there is a problem with an invoice, whether it's a problem with quantities or price, the invoice is returned to the procurement department. A member of the procurement team will then contact the supplier and resolve the difference. Once the problem is resolved, the invoice is then passed for payment and paid. In a rare case, where a dispute or disagreement cannot be resolved by the Purchase Ledger or Procurement teams, the issue is escalated to the Commercial Manager or Finance Director who will intervene and resolve the issue.
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
LEYLAND SDM LIMITED is an active private limited company, incorporated on 28 March 2001, based in the West Midlands region. Registered business activity: Non-trading company.
From Companies House records.