Published reports

SIEMENS ENERGY LIMITED

Company number: 00631825

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 October 2025 to 31 March 2026

Report filed on:

30 April 2026

Approved by:

Ross Keyzer-Dean

Contracts and payments

Do any of this business's construction contracts with its suppliers include retention clauses? No

Payment statistics

Average time taken to pay invoices: 70 days

Total value paid:

within 30 days: £25,644,582 (12%)
in 31 to 60 days: £121,505,178 (56%)
in 61 days or more: £68,952,329 (32%)

Invoices paid:

within 30 days: 12%
in 31 to 60 days: 56%
in 61 days or more: 32%

Late and disputed:

total value of payments due in the reporting period which have not been paid within the agreed period: £70,721,218
payments due in the reporting period which have not been paid within the agreed period: 19%
not made in the reporting period due to a dispute: 0%

Payment terms

Shortest standard payment periods

14 days

Longest standard payment period

180 days

Standard payment terms

The payment terms are assigned by the Business units on a case by case basis:- Payment terms usage :
9% of the transactions are on Intercompany Clearing payment terms and are paid immediately in the month following the receipt of the invoice. Please note Intercompany clearing terms are available to Siemens Energy companies only and payment method for such terms results in clearing of such transactions without any transmission of money external to Siemens Energy cash pool.
3rd party payments terms usage is as follows 60 days 52%, 90 days 18%, 30 days 12%, 45 days 3%, 14 Days 2%, 0 days 2%, 120 Days 1% and the remainder with payment terms of less than 1% occurrences which includes the max payment term of 180 days.
The payment statistics excluding the ICC transactions are as follows :- Average time it took to pay an invoice 70 days. Split of payments 0-30 days 12%, 31-60 days 56%, 61+days 32% Invoices paid late 19%.

Were there any changes to the standard payment terms in the reporting period?

External and Internal vendors had payment terms changed

Were suppliers notified or consulted about these changes before they were made?

Communication with suppliers

Maximum contractual payment period agreed

180 days

180 Days is the standard term used for projects with a long term and is agreed on a case by case basis. Includes foreign suppliers with payments in Letters of Credits etc.

Any other information about payment terms

Early settlement discounts are applied as agreed with the suppliers and range from 1% to 3% based upon the timing of payments. During the reporting less than 1% of the overall transactions showed pre-agreed 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) Tel: 0845 602 6873 b) E-mail apsupport-gbandi.in@siemens.com
2) AP liaise with supplier to obtain and process missing invoices
a) Check existing systems (scan provider/e-invoice provider/invoice process queue to see if invoice already in query and/or returned to supplier)
3) AP liaise with suppliers to confirm payment details (past and upcoming)
4) AP liaise with approvers to release overdue invoices for payment
5) Special team deals with ‘final demand’ cases 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?

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