| 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 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 2 | 98% | 2% | 0% | 2% |
| 01 Jan 2019 - 30 Jun 2019 | 18 Oct 2019 | 2 | 98% | 1% | 1% | 2% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 9 | 94% | 3% | 3% | 23% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 13 | 92% | 5% | 3% | 32% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Thomas Sanderson Limited does not have standard payment terms; they range from immediate to 60 days. Payment terms are agreed with suppliers as part of contract negotiations. Payment runs are usually on a weekly basis by BACS.
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
Thomas Sanderson Limited is committed to dealing fairly with all of its supply chain members. Transparency and swift resolution of disputed items are key principles in this process. Disputed items are identified by the Accounts Payable or Procurement department. An enquiry is then raised with the supplier stating the disputed items. If the supplier is at fault, credit is provided and the remainder of the invoice is cleared for payment. If Thomas Sanderson Limited is at fault the error is cleared internally and the invoice is released for payment.
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
THOMAS SANDERSON LIMITED is a dissolved private limited company, incorporated on 2 January 2003, based in the East Midlands region. Registered business activity: Other manufacturing not elsewhere classified.
From Companies House records.