SULZER PUMPS (UK) LIMITED
Company number: 02070346
Reporting period:
1 July 2018 to 31 December 2018
Report filed on:
17 July 2019
Approved by:
Antonio Pavini
Payment statistics
Average time taken to pay invoices: 63 days
Invoices paid:
- within 30 days: 21%
- in 31 to 60 days: 27%
- in 61 days or more: 52%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 84%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
90 days
Standard payment terms
Standard terms are 90 days from invoice date.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
89 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
procurement, where the issue is relating to a purchase order we have placed. Any other queries or issues are usually forwarded to the finance department. Query or issue is investigated by relevant department and response is collated and sent back to shared service centre who then contact the vendor with either a rejection of their complaint/request with supporting documents, or with a potential solution/plan of action for them to agree. The SLA for turnaround on queries is 48 hours.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No