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 Apr 2025 - 30 Sept 2025 | 25 Oct 2025 | 44 | 42% | 49% | 9% | 23% |
| 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 dependent 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 operates as a private limited company, a common business structure in the UK. This legal entity is established to conduct commercial activities and manage its operations as a distinct legal persona.
The company (number 04821560) was incorporated on 4 July 2003 and maintains an active status. Its registered office is located at Summit Park, Cygnet Road, Peterborough, England, PE7 8FD, within the East of England region.
As a private limited company, SOPP AND SOPP LIMITED is structured to engage in a wide variety of commercial ventures. This legal entity can offer diverse products or services, ranging from manufacturing and retail to professional consultancy and digital solutions, depending on its chosen business sector.