GOV.UK
CARLISLE FLUID TECHNOLOGIES UK LIMITED
Company number: 07656273
Reporting period:
1 July 2018
to 31 December 2018
This report was filed on 30 January 2019
and approved by Alex Norris
Payment statistics
Average time taken to pay invoices: 43 days
Invoices paid:
- within 30 days: 16%
- in 31 to 60 days: 74%
- in 61 days or more: 10%
Invoices due but not paid within agreed terms: 10 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
60 days
Standard payment terms
Range - many American vendors are 0 days/proforma invoices. Majority of UK and European vendors 30-60 days. Dependent on terms offered by vendor
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
If an invoice can not be matched against receipted items on the ERP system, the invoice will go on hold while the issue is investigated internally with Goods In and Purchasing. If this resolves the issues the invoice will be released and processed for payment. If the internal investigation doesn't resolve the issue the vendor will be contacted regarding the problem (missing delivery/short shipment/price etc.) Once resolved with the vendor which may result in a credit memo being issued, an additional shipment etc. the invoice will be removed from hold and processed for payment. If as a result of the investigation the invoice goes beyond terms it will be included within the nest payment run. 2 Payment runs are made a month, mid and end.
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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.No
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