Company number: 01075951
and approved by Andrew Hackett
Average time taken to pay invoices: 25 days
Invoices paid:
Invoices due but not paid within agreed terms: 31%
45 days
Answer not provided
adidas UK’s Limited standard payment terms for the majority of our suppliers are 45 days from date of receipt of invoice unless otherwise agreed.
Answer not provided
N/A
60 days
No further comment provided
Suppliers are made aware of the contractual payment terms by the signing of our standard terms and conditions before commencing work. This is also repeated when a system generated purchase order is sent to the supplier advising them they can commence the work. We ask all of our suppliers to send their invoices via PDF to an electronic inbox. However currently there is no way for them to track the status of their invoices on a portal or similar. Our payments are sent using the BACS payment method in the main although CHAPS is sometimes used. We utilise a payment on behalf of method (POBO) to minimise delays in payments being made to our suppliers. Currently our way of working does not consider the length of time taken for payment to clear into our supplier’s bank account. If we exclude the assumption of how long it takes funds to clear, we would move to 15% of invoices not paid within the agreed term. We are considering changes in our processes to take this into account.
Should a dispute regarding an invoice arise, the supplier is generally issued a rejection letter indicating the invoice number and the reason for rejection. To resolve the issue, the supplier is required to provide a corrected invoice and send it electronically as a pdf to the e-mail address advised on the rejection letter. The letter also contains a local phone number for the UK Head office (0161 419 2500) so they can call and speak to the accounts payable team by phone . adidas UK Limited advise that all invoices must contain a purchase order number which is given to suppliers by our procurement team when the order is approved. This purchase order contains a section that details who to contact with queries and the e-mail address aukaccountspayable@adidas.com. Should a dispute regarding payment arise, the supplier should contact our accounts payable team on aukAccountsPayable@adidas.com. All Queries sent to the mailbox aukaccountspayable@adidas.com are investigated and resolved in the most timely and expedient manner for both parties. Our internal target is to respond to supplier queries sent to this mailbox within three working days.
For example, signatories to The Prompt 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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No