PERKINS ENGINES COMPANY LIMITED
Company number: 02089227
Reporting period:
1 July 2025 to 31 December 2025
Report filed on:
10 February 2026
Approved by:
Jonathan Horn
Payment statistics
Average time taken to pay invoices: 71 days
Total value paid:
- within 30 days: £136,174,662 (16%)
- in 31 to 60 days: £268,845,524 (32%)
- in 61 days or more: £448,106,844 (53%)
Invoices paid:
- within 30 days: 2%
- in 31 to 60 days: 36%
- in 61 days or more: 62%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £77,827,203
- payments due in the reporting period which have not been paid within the agreed period: 8%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
60 days
Standard payment terms
Payment will be made by Perkins Engines Company Ltd on the next working day after the first payment day following agreed payment term from the date of a detailed and accurate invoice. Payment days are the 5th, 15th, and 25th of each calendar month.” We have agreed a range of payment terms from immediate (invoices paid on the next available payment run), to Net Thirty days, Monthly or Net Sixty days.
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
70 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Any invoices that are not paid within Perkins Engines Company Ltd's standard terms have either been received late or are in dispute. Overdue invoices should be queried with the Accounts Payable team in Bangalore using ServiceNow (Finance@Work) to raise a ticket or the supplier can speak to their Caterpillar buyer. Accounts Payable will work with Purchasing to resolve price variances, Material Planning to resolve Receiving/Goods In Receipt grief, or the budget holder to resolve issues with the goods received or service performed. Invoices for Perkins Engines Co Ltd should be sent to Caterpillar Finance Shared Services, 1 Millennium Way, Springfield Road, Belfast, Northern Ireland. BT12 7AL or emailed in PDF format to FSSCAP.Invoicing_Perkins@cat.com.
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