| 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 2019 - 30 Sept 2019 | 24 Oct 2019 | 23 | 87% | 11% | 2% | 7% |
| 01 Oct 2018 - 31 Mar 2019 | 03 Apr 2019 | 22 | 88% | 11% | 1% | 8% |
| 01 Apr 2018 - 30 Sept 2018 | 12 Oct 2018 | 24 | 86% | 12% | 2% | 10% |
| 01 Oct 2017 - 31 Mar 2018 | 10 Apr 2018 | 25 | 85% | 12% | 3% | 14% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Sayers The Bakers does not have standard payment terms. Payment terms are agreed with suppliers as part of contract negotiations. Overdue invoices are mostly ones which had been under query.
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
45
Disputes are resolved by contacting in the first case informally and then formally the relevant parties including accounts payable/credit control teams, procurement and sales teams to allow them the opportunity to resolve within an acceptable time period. If they are not resolved the supplier must then write to the Finance Director setting out details of their unresolved despute asking for a resolution. These will be formally investigated within a 28 day period.
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
SAYERS THE BAKERS LIMITED is a dissolved private limited company, incorporated on 1 May 2008, based in the North West region. Registered business activity: Manufacture of bread; manufacture of fresh pastry goods and cakes; Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores; Other retail sale of food in specialised stores.
From Companies House records.