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.
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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
SMART METER ASSETS 1 LTD is a private limited company operating within the smart metering infrastructure sector in the United Kingdom. The company focuses on the ownership and management of smart meter assets, reflecting the broader national rollout of smart metering technology across domestic and commercial properties.
The company was incorporated on 27 January 2014 and is registered in England and Wales under company number 08862096. Its registered office is located at Ground Floor, South Wing Abbotsgate House, Hollow Road, Bury St Edmunds, IP32 7FA, placing it within the East of England region.
Companies of this type in the UK market typically operate within the energy infrastructure sector, holding ownership of smart metering equipment installed at consumer premises on behalf of energy suppliers and network operators. This model supports the UK government's national smart meter programme, which aims to replace traditional gas and electricity meters with next-generation smart devices across the country.
As an active company, SMART METER ASSETS 1 LTD continues to operate within this specialist sector, contributing to the development and maintenance of the UK's smart metering infrastructure.