SIEMENS MOBILITY LIMITED
Company number: 00016033
Reporting period:
1 April 2026 to 30 September 2026
Report filed on:
30 October 2026
Approved by:
Marko Feulner
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? Yes
Payment statistics
Average time taken to pay invoices: 16 days
Total value paid:
- within 30 days: £604,605,055 (89%)
- in 31 to 60 days: £50,638,929 (7%)
- in 61 days or more: £24,278,938 (4%)
Invoices paid:
- within 30 days: 86%
- in 31 to 60 days: 10%
- in 61 days or more: 4%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £66,490,297
- payments due in the reporting period which have not been paid within the agreed period: 9%
- not made in the reporting period due to a dispute: 2%
Payment terms
Shortest standard payment periods
60 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 Intercompany clearing transactions paid immediately in the month following the month of invoice receipt 12%.
Note: Intercompany clearing terms are available to Siemens companies only and are cleared via cash pooling without transmission of money outside of Siemens cash pool.
3rd party payment terms usage :Payable in 28 days 45%, Payable in 60 days 31%, Payable in 30 days 13%, Payable in 96 Days 2%, Payable in 90 Days 1%, Payable in 45 Days 1%, Payable in 14 Days 1%. and Remainder of transactions with payments terms of less than 1% occurrence. 180 days is the longest payment term in use and has an occurrence less than1% of total transactions.
> KPI's excluding ICC clearing) are stated as follows: Average days to pay : 17 days ,Payment timing 0-30 days 84%, 31-60 days 11%, 61 days plus 5% Late invoices : 10%
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
180 days
120 Days is the standard term used for projects with a long term and 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.
Retention clauses
How does this business use retention clauses?
Retention clauses are used in specific circumstances:
Only for major construction projects circa >£1m
Does this business only use retention clauses in construction contracts above a specific contract sum?
Yes: £1,000,000
Does this business use a standard percentage rate in retention clauses?
Yes: 3%
Does this business apply retention clause practices that are no more onerous than those applied to it on the same project?
No
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
Option X16 in NEC4 ECC contract - Half of the retained amount is released to the Contractor at the earlier of Completion or when the Client takes over the whole of the works.
The remainder is included in the final amount due under the contract’s payment provisions.
Is the money released in stages?
Yes:
Option X16 in NEC4 ECC contract - Half of the retained amount is released to the Contractor at the earlier of Completion or when the Client takes over the whole of the works.
The remainder is included in the final amount due under the contract’s payment provisions.
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
3%
Amount retained stated as a percentage of the total construction payments made by this business
3%
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