JUNGHEINRICH UK LIMITED
Company number: 00757192
Reporting period:
1 July 2018 to 31 December 2018
Report filed on:
30 January 2019
Approved by:
Mr Arne Rosenkranz
Payment statistics
Average time taken to pay invoices: 48 days
Invoices paid:
- within 30 days: 15%
- in 31 to 60 days: 66%
- in 61 days or more: 19%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 84%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
90 days
Standard payment terms
PAYMENT TERMS ARE 60 DAYS AS PER QUALIFYING CONTRACT. IF PAYMENT TERMS ARE DIFFERENT THEN THEY ARE CONFIRMED IN WRITING TO THE SUPPLIER
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
90 days
N/A
Any other information about payment terms
No further comment provided
Dispute resolution process
Jungheinrich UK Limited has a dedicated accounts payable help desk that offers suppliers support through query resolution. Contact by email is acknowledged within a maximum of two working days for all supplier queries raised. However in the first instant, suppliers are advised to go back to the original requester (buyer), so that they can resolve any non finance queries. Jungheinrich UK offers an electronic data interface for all invoices to be submitted, this method of delivery is the preferred option . All invoices submitted must be in accordance to Jungheinrich UK general terms of purchase, which is provided as per the official purchase order for all goods and services as requested. Finally all invoices must be addressed to the company and not to the individual.
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