The average time to pay for SILENTNIGHT GROUP LIMITED has remained relatively consistent over the past three periods, with a slight decrease from 46 days in Feb 2018 to 43 days in Feb 2019. However, there has been a consistent trend of paying invoices within 30 days, with 32% in all three periods. This suggests that the company is making an effort to pay its invoices on time.
The volatility in the time taken to pay invoices for SILENTNIGHT GROUP LIMITED has been relatively low, with only a slight decrease of 2 days between the first and third period. This indicates that the company has been consistent in its payment practices.
Overall, SILENTNIGHT GROUP LIMITED has maintained a consistent average time to pay of 46 days, with a high percentage of invoices paid within 30 days (32%). There has been no significant change in the percentage of invoices paid within 30-60 days, with 56% in all three periods. However, there has been a slight increase in the percentage of invoices paid later than 60 days, from 12% in Feb 2018 to 12% in Feb 2019. The shortest (or only) standard payment period for the company is 30 days.
| 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 |
|---|---|---|---|---|---|---|
| 04 Feb 2019 - 03 Aug 2019 | 20 Sept 2019 | 43 | 33% | 55% | 12% | 0% |
| 04 Aug 2018 - 03 Feb 2019 | 22 Jul 2019 | 44 | 32% | 56% | 12% | 0% |
| 04 Feb 2018 - 03 Aug 2018 | 24 Aug 2018 | 46 | 32% | 56% | 12% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard terms are 30 days end of month, however for our larger suppliers we agree to their standard terms as these tend to be more beneficial.
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
90
Any amounts in dispute are held from payment until the dispute is resolved. We do not hold the whole invoice, only the amount in dispute.
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
Silentnight Group Limited manufactures mattresses, beds and bedding, trading as Silentnight. The company designs and produces mattresses, divan beds, bed frames, headboards, duvets, pillows and related bedding products, describing itself as having made products in the UK for over 80 years. Its site states products are handmade in its own factory and that it supplies Premier Inn as official bed supplier for the UK and Europe. The company also states it holds B Corp certification and BSI registration, and operates a product testing laboratory. Its registered office is in Barnoldswick, Lancashire, and its SIC code confirms manufacture of mattresses.
Generated from the company's website and Companies House records. Sources: silentnight.co.uk · silentnight.co.uk