| 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 is a leading furniture company based in the UK. The company offers a wide range of furniture products and services, including bedroom, living room, dining room, and home office furniture.
One of the key focuses of Sterling Furniture Group Limited is sustainability. The company has implemented various initiatives to reduce its environmental impact, such as using sustainable materials and implementing energy-efficient practices in its operations. They also have a recycling program in place to ensure that their products have a minimal impact on the environment.
The company's product range includes both modern and traditional designs, catering to a diverse customer base. They also offer bespoke furniture services, allowing customers to customize their furniture to their specific needs and preferences.
The key people behind Sterling Furniture Group Limited include CEO Gordon Mearns and Chairman Gordon Traill, who have extensive experience in the furniture industry. The company also has a team of skilled designers and craftsmen who ensure the high quality of their products.
For customers looking to purchase from Sterling Furniture Group Limited, they can visit their website at www.sterlingfurniture.co.uk, where they can browse and purchase their products online. The company's registered office address is located at 78-80 Union Street, Glasgow, G1 3QS, UK.
In summary, Sterling Furniture Group Limited is a reputable furniture company with a strong commitment to sustainability. With a wide range of products and services, experienced leadership, and a focus on environmentally-friendly practices, the company continues to be a top choice for customers in the UK.
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