Ranked in 4 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 97.1/100 qualifies for PaymentCheck Certification
| 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 Oct 2024 - 31 Mar 2025 | 29 Apr 2025 | 19 | 98% | 1% | 1% | 2% |
| 01 Apr 2024 - 30 Sept 2024 | 29 Oct 2024 | 20 | 96% | 3% | 1% | 2% |
| 01 Oct 2023 - 31 Mar 2024 | 26 Apr 2024 | 17 | 98% | 2% | 0% | 2% |
| 01 Apr 2023 - 30 Sept 2023 | 24 Oct 2023 | 20 | 90% | 9% | 1% | 6% |
| 01 Oct 2022 - 31 Mar 2023 | 24 Apr 2023 | 21 | 91% | 8% | 1% | 7% |
| 01 Apr 2022 - 30 Sept 2022 | 27 Oct 2022 | 26 | 84% | 13% | 3% | 16% |
| 01 Oct 2021 - 31 Mar 2022 | 28 Apr 2022 | 26 | 86% | 12% | 2% | 12% |
| 01 Apr 2021 - 30 Sept 2021 | 25 Oct 2021 | 25 | 83% | 16% | 1% | 10% |
| 01 Oct 2020 - 31 Mar 2021 | 28 Apr 2021 | 23 | 82% | 18% | 0% | 15% |
| 01 Oct 2019 - 31 Mar 2020 | 27 Apr 2020 | 27 | 63% | 34% | 3% | 29% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 31 | 59% | 38% | 3% | 30% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
All key contract suppliers are required to issue invoices at the end of each month, therefore allowing payment terms of 31 days as standard for standard contract activity. All other activity is paid at the first available payment run after receipt, processing and approval of the invoices.
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
31
In accordance with good payment practises SRP aims to validate all invoices in a timely manner with any discrepancies or queries being referred back to the supplier or subcontractor for resolution or invoice correction accordingly.
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
Scot Roads Partnership Project Ltd is the entity behind the Scottish Roads Partnership (SRP), a consortium that designed, built, financed and now operates the M8, M73 and M74 Motorway Improvements Project on behalf of Transport Scotland. The wider consortium groups the lenders Allianz and the European Investment Bank with shareholders Meridiam Infrastructure, Pension Infrastructure Platform, Amey and Cintra. Operation and maintenance began in April 2017, covering sections including M8 Easterhouse to Baillieston, M73 Maryville to Mollinsburn and M74 Daldowie to Hamilton. Services delivered on the network include winter maintenance, street lighting, emergency response, sweeping and cleaning, drainage, signing, road markings and grass cutting, with Amey carrying out major road maintenance and inspections on the partnership's behalf.
Generated from the company's website and Companies House records. Sources: m8dbfo.co.uk · m8dbfo.co.uk