SUBARU (UK) LIMITED
Company number: 01295214
Reporting period:
1 July 2018 to 31 December 2018
Report filed on:
30 January 2019
Approved by:
Gary Ernest Hutton
Payment statistics
Average time taken to pay invoices: 23 days
Invoices paid:
- within 30 days: 70%
- in 31 to 60 days: 29%
- in 61 days or more: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 63%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
45 days
Standard payment terms
Under Subaru (UK) Limited's communication to
suppliers, standard payment terms are payment once
a month on the 15th day of the month following
receipt of a valid invoice to the group's shared service
centre via
IMGroup-SubaruUK@mail.readsoftonline.com. Other
individual suppliers agreements may vary. Specific
contractual arrangements are in place for suppliers of
inventory items that are imported from overseas.
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 information.
Any other information about payment terms
Standard payment terms apply to the company's
suppliers
however, inter-company purchase invoices are
generally settled
under alternative arrangements under mutual
agreement to
satisfy the wider group's centralised treasury
arrangements.
Dispute resolution process
Initial supplier disputes and queries should be dealt
with by
contacting Subaru (UK) Limited's Accounts Payable
Department (accountspayable@imgroup.co.uk).
This is the primary contact for all disputes and
queries, however
resolution may be directed to the relevant internal
relationship
holder.
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