Score of 98.8/100 qualifies for PaymentCheck Certification
SMART METER ASSETS 1 LTD demonstrates an exceptionally strong payment profile, with 100% of invoices settled within 30 days and an average payment time of just 18 days. There is no recorded history of late payments, overdue balances in the 31–60 day bracket, or invoices exceeding 60 days, indicating a consistently prompt and disciplined payment pattern. This trajectory suggests a well-managed accounts payable function with no signs of deterioration in payment behaviour.
Payment behaviour for this company is highly predictable, with zero volatility across all measured timeframes and a perfect on-time payment rate of 100%. The absence of any late or deferred payments eliminates the common risk factors associated with cash flow irregularities or administrative delays. Suppliers can rely on a near-certain 18-day average settlement window, making forward cash flow planning straightforward and low-risk.
SMART METER ASSETS 1 LTD represents a very low-risk customer, and suppliers can engage with confidence based on the available payment data. The combination of an 18-day average payment time and a flawless 100% within-terms record makes this company an attractive trading partner requiring minimal credit risk mitigation. Standard payment terms of 30 days are well within the company's demonstrated capability, and there is no evidence to support the need for advance payment requirements or reduced credit limits.
| 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 Jul 2025 - 31 Dec 2025 | 31 Jan 2026 | 18 | 100% | 0% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Primary payment terms are net 30 days
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
Our dispute resolution process is detailed in each contract under a dispute resolution clause which may vary per contract. If a resolution cannot be found between senior staff, mediation can be sought and court proceedings would follow if necessary.
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.
❌
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Smart Meter Assets 1 Ltd, trading as Smart Meter Assets (SMA), is a UK Meter Asset Provider founded in 2014. It funds, procures and leases residential electricity and gas smart meters to energy suppliers under long-term contracts, holding a portfolio of around two million meters. Services span sourcing, financing, contract management, asset tracking, fault management and recycling of removed meters. The company was acquired by Arcus Infrastructure Partners and GLIL Infrastructure in 2021, and in 2025 was acquired by KKR, alongside Horizon Energy Infrastructure and Smart Metering Systems, to form a combined UK smart metering provider. It supports the government's Smart Metering Implementation Programme.
Generated from the company's website and Companies House records. Sources: smartmeterassets.co.uk · smartmeterassets.co.uk