ELECTRIUM SALES LIMITED
Company number: 02226729
Reporting period:
1 April 2025 to 30 September 2025
Report filed on:
24 October 2025
Approved by:
Jens Alexander Stapel
Payment statistics
Average time taken to pay invoices: 47 days
Invoices paid:
- within 30 days: 37%
- in 31 to 60 days: 19%
- in 61 days or more: 44%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 17%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
96 days
Standard payment terms
The payment terms are assigned by the Business units on a case by case basis - Payment terms usage = 60 days 56%, 30 days 11%, 90 days 8%, 7 days 1%, 96 days 1%, 0 days 1% and others less than 1%. Intercompany cut-off paid immediately in the month of receipt of invoice 21%. Please note intercompany clearing terms are available to Siemens companies only and payment method for such terms results in clearing of such transactions without any transmission of money external to Siemens cash pool. The payment statistics for the ICC transactions are as follows: Average time it to pay an invoice 59 days, Split of payment 0-30 days 19%, 31-60 days 25%, 61+days 56%. Invoices paid late 20%
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
96 days
96 days is the standard term for projects with a long term and agreed on a case by case basis, includes foreign suppliers with payments in letter of credit ect.
Any other information about payment terms
Early settlement discounts are applied as agreed with the suppliers and range from 1% to 3% based upon timing of payments. During the reporting less than 1% of the overall transactions showed pre-aged discounts with the suppliers.
Dispute resolution process
1) Central Accounts Payable (AP) team for payment enquiries, contact points via phone.e-mail,supplier portal. Relevant details are on Purchase Orders A) Tele 0845 602 6873 B) Email apsupport=gbandi@siemens.com 2) AP liaise with supplier to obtain and process missing invoices. a)Check existing systems (scan provider/e-invoice/invoice processing queue to see if invoice already in query and/or returned to supplier 3) AP liaise with supplier to confirm payment details (past and upcoming) 4)P liaise with approvers to release overdue invoices for payment 5 Special team deals with final demand and legal notices
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.
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.
Yes
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