SULZER ELECTRO MECHANICAL SERVICES (UK) LIMITED
Company number: 00270442
Reporting period:
1 July 2018
to 31 December 2018
This report was filed on 31 January 2019
and approved by Naveed Hussain
Payment statistics
Average time taken to pay invoices: 42 days
Invoices paid:
- within 30 days: 44%
- in 31 to 60 days: 29%
- in 61 days or more: 27%
Invoices due but not paid within agreed terms: 93 %
Payment terms
Standard payment period for qualifying contracts
90 days
Standard payment terms
Link to Sulzer EMS UK terms:
https://www.sulzer.com/-/media/files/legal/terms_conditions/buy/pe/general_terms_conditions_supply_sulzer_electro_mechanical_services_uk_ltd.ashx
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
120 days
Any other information about payment terms
N/A
Dispute resolution process
Sulzer EMS UK has a out sourced accounts payable that offers suppliers support via email. Contact by e-mail is acknowledged within a maximum of 2 working days.
Sulzer's 3rd party our sourcers also offers a suppler payment portal to allow suppliers to monitor and view all their account information, providing real time data that includes invoice approval and invoice payment status.
Any queries are dealt with internally by the personnel or department that originally requested the good/service
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