| 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 Mar 2024 - 31 Aug 2024 | 04 Oct 2024 | 39 | 28% | 66% | 6% | 6% |
| 01 Sept 2023 - 29 Feb 2024 | 05 Apr 2024 | 41 | 24% | 69% | 7% | 7% |
| 01 Mar 2023 - 31 Aug 2023 | 03 Oct 2023 | 43 | 24% | 68% | 8% | 8% |
| 01 Sept 2022 - 28 Feb 2023 | 19 May 2023 | 42 | 25% | 69% | 6% | 6% |
| 01 Mar 2022 - 31 Aug 2022 | 11 Oct 2022 | 42 | 23% | 71% | 6% | 6% |
| 01 Sept 2021 - 28 Feb 2022 | 18 Apr 2022 | 42 | 22% | 70% | 8% | 8% |
| 01 Mar 2021 - 31 Aug 2021 | 29 Oct 2021 | 39 | 22% | 73% | 5% | 5% |
| 01 Sept 2020 - 28 Feb 2021 | 02 Apr 2021 | 43 | 21% | 72% | 7% | 7% |
| 01 Mar 2020 - 31 Aug 2020 | 09 Oct 2020 | 47 | 22% | 66% | 12% | 12% |
| 01 Sept 2019 - 29 Feb 2020 | 12 May 2020 | 31 | 25% | 69% | 6% | 6% |
| 01 Mar 2019 - 31 Aug 2019 | 07 Nov 2019 | 38 | 24% | 71% | 5% | 5% |
| 01 Sept 2018 - 28 Feb 2019 | 29 Mar 2019 | 40 | 28% | 65% | 7% | 7% |
| 01 Mar 2018 - 31 Aug 2018 | 22 Oct 2018 | 37 | 27% | 67% | 6% | 6% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 Days from Invoice
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
The Payee should contact Purchase Ledger within our Finance Team to raise the issue. Our Finance Team will investigate the issue with the department or function who the invoice relates to and look to resolve the issue in an appropriate manner that reflects the agreed payment terms.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Sterling Furniture Group Limited trades as Sterling Home, previously known as Sterling Furniture. It is a family-owned retailer of furniture and homewares, selling sofas, dining and bedroom furniture, home decor, lighting and carpets and flooring both online and through physical stores across Scotland, including Aberdeen, Dunfermline, Edinburgh, Glasgow and Tillicoultry, with delivery across the UK. The business began over 50 years ago when a disused paper mill in Tillicoultry was converted into a furniture showroom, which remains its flagship site alongside a garden centre and cafe. It sells recognised furniture brands and offers services such as carpet fitting and finance options for customers.
Generated from the company's website and Companies House records. Sources: sterlinghome.co.uk · sterlinghome.co.uk