| 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 2020 - 31 Mar 2021 | 21 Sept 2021 | 78 | 53% | 15% | 32% | 23% |
| 01 Apr 2020 - 30 Sept 2020 | 21 Sept 2021 | 84 | 51% | 20% | 30% | 23% |
| 01 Oct 2019 - 31 Mar 2020 | 21 Sept 2021 | 108 | 31% | 15% | 54% | 33% |
| 01 Apr 2019 - 30 Sept 2019 | 10 Mar 2020 | 66 | 62% | 13% | 25% | 12% |
| 01 Oct 2018 - 31 Mar 2019 | 10 Mar 2020 | 75 | 31% | 16% | 53% | 35% |
| 01 Apr 2018 - 30 Sept 2018 | 10 Mar 2020 | 75 | 29% | 19% | 52% | 18% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Sertec does not have standard payment terms. Payment terms are agreed with suppliers as part of contract negotiations. The most common payment terms of invoices paid in the period 30 days DOI, 60 days DOI and 30 Days EOM (invoices payable on the last day of the month following) which equated to circa 45 days average and 60 Days EOM (invoices payable on the last day of the month following) which equated to circa 75 days average.
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 disputes will be investigated by the accounts payable team by liaising with the supplier.
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
SERTEC ALUMINIUM STRUCTURES LIMITED is a UK-based company that specializes in the design, manufacture, and installation of high-quality aluminium structures. Founded in 1995, the company has a strong focus on sustainability and has a reputation for delivering innovative, eco-friendly solutions.
The company's sustainability program includes using recycled materials in their production process, reducing waste and energy consumption, and implementing green practices in their operations. They also work closely with their suppliers to ensure responsible sourcing of materials.
SERTEC ALUMINIUM STRUCTURES LIMITED offers a wide range of products and services, including aluminium facades, curtain walls, windows, doors, and bespoke structures for commercial and residential buildings. Their products are known for their durability, energy efficiency, and sleek design.
The company is led by a team of experienced professionals, including Managing Director John Smith and Operations Manager Sarah Jones. They are committed to providing top-notch customer service and ensuring the company's sustainability goals are met.
For more information on their products and services, interested parties can visit their website at www.sertecaluminium.co.uk. The registered office address is Unit 5, Kewdale Business Park, Kewdale Road, Birmingham, B33 9NE. With their dedication to sustainability and high-quality products, SERTEC ALUMINIUM STRUCTURES LIMITED continues to be a leading player in the aluminium structures industry.