CARLISLE FLUID TECHNOLOGIES UK LIMITED
Company number: 07656273
Reporting period:
1 January 2022 to 30 June 2022
Report filed on:
1 September 2022
Approved by:
Ian Reid
Payment statistics
Average time taken to pay invoices: 40 days
Invoices paid:
- within 30 days: 56%
- in 31 to 60 days: 44%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 3%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
Range of payment terms. We have vendors who are 0 days/proforma, while majority are 30-60 days, depends on credit terms offered by vendor
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
90 days
NA
Any other information about payment terms
NA
Dispute resolution process
If an invoice can not be matched against receipted items on the ERP system, the invoice will be placed on hold while the issue is investigated internally with Goods In and Purchasing. If this resolves the issues the invoice will be released and processed for payment. If the internal investigation doesn't resolve the issue the vendor will be contacted to investigate their end. Once resolved with the vendor which may result in a credit memo, additional shipment etc. the invoice will be removed from hold and processed. If as a result of the investigation the invoice is beyond terms, it will be processed in the next payment batch
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