| 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 2021 - 31 Mar 2022 | 13 Dec 2022 | 68 | 12% | 48% | 39% | 38% |
| 01 Apr 2021 - 30 Sept 2021 | 13 Dec 2022 | 75 | 11% | 34% | 55% | 74% |
| 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 Birmingham-based entity within the wider Sertec Group, a manufacturer serving automotive, electric vehicle and industrial customers. Its registered SIC activity covers forging, pressing, stamping and roll-forming of metal, consistent with the group's listed location for aluminium structures on Redfern Park Way, Birmingham. Group-level material describes capabilities including pressings and assembly, coated components, EV solutions, tooling manufacture and supply chain and logistics, applied across automotive, electric vehicle, FMCG, industrial and adjacent markets. The evidence does not separately break out this entity's own turnover or operations from the group, but its name and address indicate it operates as the group's aluminium structures manufacturing site producing pressed and formed metal components, primarily for automotive and EV applications.
Generated from the company's website and Companies House records. Sources: sertec.co.uk