CHINA TELECOM (EUROPE) LIMITED
Company number: 05728497
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
28 July 2025
Approved by:
Xian Jun
Payment statistics
Average time taken to pay invoices: 48 days
Total value paid:
- within 30 days: £14,386,853 (31%)
- in 31 to 60 days: £13,881,629 (30%)
- in 61 days or more: £17,844,051 (39%)
Invoices paid:
- within 30 days: 42%
- in 31 to 60 days: 40%
- in 61 days or more: 18%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £1,301,043
- payments due in the reporting period which have not been paid within the agreed period: 9%
- not made in the reporting period due to a dispute: 3%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
45 days
Standard payment terms
The invoices are paid after confirming the goods delivered or service starting to be used. Normally, we will pay the monthly-recurring invoices within the service period. For example, if the service period is for July, we will pay them in July. If invoices are issued in advance, we received the invoices in July whereas service period is August, we normally pay them in August. For invoices are issued by quarter/year, we will pay them within the first month of the quarter/year.
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
45 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
If the supplier has any quires about the payment, they could contact us via ctesettlement@chinatelecomglobal.com or by phone. If there is a dispute, we will contact the supplier by email or by phone to discuss the disputes. The invoice marked as dispute will be placed on hold until the dispute is resolved. No partial payment will be made in case of dispute.
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