Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 May 2023 - 31 Oct 2023 | 30 Nov 2023 | 40 | 33% | 51% | 16% | 55% |
| 01 Nov 2022 - 30 Apr 2023 | 25 May 2023 | 40 | 39% | 43% | 18% | 71% |
| 01 May 2022 - 31 Oct 2022 | 29 Nov 2022 | 38 | 39% | 49% | 12% | 63% |
| 01 Nov 2021 - 30 Apr 2022 | 30 May 2022 | 33 | 54% | 38% | 8% | 44% |
| 01 May 2021 - 31 Oct 2021 | 30 Nov 2021 | 35 | 50% | 42% | 7% | 22% |
| 01 Nov 2020 - 30 Apr 2021 | 28 May 2021 | 33 | 60% | 29% | 11% | 36% |
| 01 May 2020 - 31 Oct 2020 | 30 Nov 2020 | 70 | 17% | 41% | 42% | 41% |
| 01 Nov 2019 - 30 Apr 2020 | 29 May 2020 | 53 | 21% | 40% | 39% | 78% |
| 01 Jul 2019 - 31 Oct 2019 | 29 Nov 2019 | 50 | 21% | 47% | 32% | 42% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 46 | 23% | 57% | 20% | 40% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The company negotiates and agrees payment terms with its suppliers. This will result in payment terms varying per supplier. The most common payment term is current month plus 30 days; although payment terms can range from being payable on receipt to current month plus 60 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
90
Supplier invoices and payments are managed by the various divisions at Stewart Milne Group; each division being responsible for their own supplier invoices. Disputed invoices will be communicated with the supplier by the appropriate department/individual involved. This will be investigated and resolved by the appropriate department and resolved in a timely manner. Divisional Finance Director’s will get involved if required. Complaints from supplier about payment and payment disputes are dealt with on an individual basis. In cases of non-payment; the supplier is kept up to date with the status by the division responsible. Complaints are raised in the first instance with the person responsible for the contract and can be escalated to divisional finance director and divisional managing director as appropriate.
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
STEWART MILNE HOMES CENTRAL SCOTLAND LIMITED is a in administration private limited company, incorporated on 14 September 2016, based in the Scotland region. Registered business activity: Other business support service activities not elsewhere classified.
From Companies House records.