SOPP AND SOPP LIMITED exhibits a trend of extended payment cycles, with an average payment time of 48 days, significantly beyond standard 30-day terms. While 40% of payments are made within 30 days, the largest segment, 43%, falls into the 31-60 day category, indicating a consistent trajectory towards slower processing. A notable 16% of payments extend beyond 60 days, further underscoring a pattern of delayed remittances.
Payment reliability for SOPP AND SOPP LIMITED is moderate, as nearly 60% of payments (43% in 31-60 days and 16% over 60 days) are processed beyond typical 30-day terms. The 29% explicitly categorized as late payments represents a significant risk factor, indicating unpredictability for a substantial portion of invoices. This distribution suggests an inconsistent payment behavior, increasing the financial uncertainty for suppliers.
Overall, SOPP AND SOPP LIMITED demonstrates a pattern of slower payments, averaging 48 days, with 29% of payments classified as late. Suppliers should anticipate extended payment cycles and factor this into their cash flow planning for new and ongoing engagements. Mitigating risk could involve negotiating shorter payment terms, requiring upfront deposits for significant orders, or adjusting pricing to offset potential financing costs due to delays.
| 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 Oct 2025 - 31 Mar 2026 | 30 Apr 2026 | 43 | 39% | 55% | 6% | 21% |
| 01 Apr 2025 - 30 Sept 2025 | 25 Oct 2025 | 44 | 42% | 49% | 9% | 23% |
| 01 Oct 2024 - 30 Apr 2025 | 30 Apr 2025 | 50 | 35% | 56% | 9% | 26% |
| 01 Apr 2024 - 30 Sept 2024 | 30 Oct 2024 | 48 | 40% | 43% | 16% | 29% |
| 01 Oct 2023 - 31 Mar 2024 | 29 Apr 2024 | 43 | 48% | 34% | 18% | 30% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are 60 days from which the invoice is processed. There are variations on this dependant on the location of the supplier and the type of work undertaken and are agreed with the supplier when their contract is signed.
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
The company is committed to dealing with supplier queries in a fair, professional and timely manner. Before an invoice is entered onto the general ledger it was be approved by the appropriate manager. If an invoice is queried it is returned to the supplier by our transactional finance team. The query explanation is logged against the invoice to keep track of progress when reconciling the supplier account. The company has a pool of network managers who will assist with any queries with suppliers.
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
Sopp and Sopp Limited trades as sopp+sopp, a fleet accident management specialist that has operated since 2003. It provides end-to-end services for commercial fleets, insurers and brokers, including first notification of loss, vehicle recovery, third-party intervention, intelligent repair triage and deployment, in-house engineering validation, uninsured loss recovery, de-fleeting support and claims administration. It uses proprietary technologies such as electronic notification of loss, digital damage assessment and its own claims management system. The company is part of Activate Group, benefiting from the group's owned Activate Accident Repair bodyshops and an approved UK-wide repair network of over 340 locations, plus an integrated parts supply chain via Activate Parts.
Generated from the company's website and Companies House records. Sources: soppandsopp.co.uk · soppandsopp.co.uk