Industry ranking
| 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 |
|---|---|---|---|---|---|---|
| 29 Sept 2022 - 29 Mar 2023 | 30 May 2023 | 38 | 56% | 35% | 9% | 35% |
| 26 Mar 2020 - 30 Sept 2020 | 01 Feb 2021 | 73 | 15% | 37% | 48% | 79% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Unless specially negotiated suppliers are paid at the end of the month following the date of the invoice.
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
A claim relating to any disputed invoice is raised with the supplier SSP Financing UK Limited has standardised processes for managing supplier payments and a dedicated team responsible for supplier reconciliations and dispute resolution.
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
SSP Financing UK Limited is registered with a head office activities classification and shares its registered address with Rail Gourmet, a business trading under the SSP group, described as The Food Travel Experts. Rail Gourmet provides catering and specialist hospitality solutions to train operating companies and lounge service providers across the UK and mainland Europe, covering logistics, procurement, menu and product development, technology and on-board service. It operates a food production kitchen and warehouse distribution centre supporting rail journeys in several European countries. This entity functions as part of the wider SSP corporate group, whose operating business is food and beverage service to rail travel customers, rather than trading directly itself.
Generated from the company's website and Companies House records. Sources: railgourmet.com · railgourmet.com · railgourmet.com