GOV.UK
ERICSSON TELEVISION LIMITED
Company number: 03695535
Reporting period:
1 July 2018
to 31 December 2018
This report was filed on 24 January 2019
and approved by Liam O'Brien
Payment statistics
Average time taken to pay invoices: 51 days
Invoices paid:
- within 30 days: 21%
- in 31 to 60 days: 49%
- in 61 days or more: 30%
Invoices due but not paid within agreed terms: 9 %
Payment terms
Shortest standard payment period
90 days
Longest standard payment period
91 days
Standard payment terms
Invoicing and payment shall be made in accordance with Ericsson’s instructions. A valid invoice shall at a minimum contain a reference to the PO, Seller’s name and address, and specification of the Products purchased. With deviation from what otherwise may be provided for under applicable law, it is expressly agreed that payment shall be effected within ninety (90) days from date of complete and successful delivery of the Products, including any documents, and receipt of a correct invoice. Further guidelines and requirements for invoices, including support for e-invoicing and supplier self-service can be found at http://www.ericsson.com/thecompany/sourcing/supplier-partner-resources/invoicing-payments. In case of delayed payment of approved invoices, the seller shall notify Ericsson thereof and Ericsson shall thereafter expedite the payment.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Any other information about payment terms
N/A
Dispute resolution process
Internal review, extended to supplier review if disputed, escalated to governance meeting if required.
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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.No
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.
Yes
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