Score of 96/100 qualifies for PaymentCheck Certification
The data for SASA FOODS LIMITED shows a consistent decrease in the average time taken to pay invoices over the past three periods. This trend is also reflected in the percentage of invoices paid within 30 days, which has increased from 86% in 2019 to 96% in 2023. Additionally, the percentage of invoices paid between 31 and 60 days has decreased from 13% in 2019 to 3% in 2023. This indicates that the company has been making efforts to pay invoices earlier and reduce the number of invoices paid later than 60 days.
The data for SASA FOODS LIMITED shows a relatively stable trend with minimal volatility. The average time to pay has only decreased by 4 days over the past three periods, and the percentage of invoices paid within 30 days has increased by 10%. The company has also maintained a consistent payment period of 14 days for the past three periods.
The average time taken for SASA FOODS LIMITED to pay invoices has decreased from 26 days in 2019 to 22 days in 2023. The percentage of invoices paid within 30 days has increased from 86% in 2019 to 96% in 2023. The company has also consistently maintained a payment period of 14 days. This shows that SASA FOODS LIMITED has made efforts to improve their payment process and pay invoices earlier.
| 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 2023 - 31 Dec 2023 | 30 Jan 2024 | 22 | 96% | 3% | 1% | 2% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Aug 2023 | 21 | 97% | 3% | 0% | 2% |
| 01 Jul 2022 - 31 Dec 2022 | 21 Feb 2023 | 21 | 100% | 0% | 0% | 2% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 22 | 96% | 3% | 1% | 2% |
| 01 Jun 2021 - 31 Dec 2021 | 31 Jan 2022 | 23 | 89% | 11% | 1% | 2% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 26 | 86% | 13% | 1% | 2% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are that all approved invoices will be paid within 45 days, unless other terms have been individually agreed. However, the majority of suppliers are paid sooner.
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
45
Every effort will be made to resolve a dispute at first point of contact within the business. If unfortunately, a dispute is not immediately resolved it will be escalated as follows: Email acknowledgement within 2 working days Investigation to resolution within 21 working days
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
SASA FOODS LIMITED is an active private limited company, incorporated on 29 March 2017, based in the East of England region. Registered business activity: Other food services.
From Companies House records.