ELECTRIUM SALES LIMITED
Company number: 02226729
Reporting period:
1 April 2026 to 30 September 2026
Report filed on:
29 October 2026
Approved by:
Jens Alexander Stapel
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: 44 days
Total value paid:
- within 30 days: £20,603,406 (70%)
- in 31 to 60 days: £1,823,328 (6%)
- in 61 days or more: £7,054,558 (24%)
Invoices paid:
- within 30 days: 39%
- in 31 to 60 days: 17%
- in 61 days or more: 44%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £4,683,491
- payments due in the reporting period which have not been paid within the agreed period: 14%
- not made in the reporting period due to a dispute: 14%
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 58%, 30 days 10%, 96 days 2%, 90 days 2%, 28 days 1%, 14 days 1%, and others less than 1%.
Intercompany cut-off paid immediately in the month after the month of reciept of invoice 25% .
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 excluding the ICC transactions are as follows :
Average time it took to pay an invoice 59 days. Split of payments 0-30 days 16%, 31-60 days 23%, 61+days 61%.
Invoices paid late 18%
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
No further comment provided
Any other information about payment terms
No further comment provided
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 suppler)
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No