GOV.UK
CARL ZEISS LTD
Company number: 00542141
Reporting period:
1 October 2017
to 31 March 2018
This report was filed on 26 April 2018
and approved by Paul Adderley
Payment statistics
Average time taken to pay invoices: 17 days
Invoices paid:
- within 30 days: 90%
- in 31 to 60 days: 9%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 41 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
30 days
Standard payment terms
Mostly our supplies are from group companies.
The items purchased locally from third parties are small compared to the business size.
Example items purchased locally are:
Consultancy services, temporary staff, stationary, marketing, company cars, building costs, travel and freight.
If payment terms are not given on the invoice we assume 30 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
We always attempt to pay suppliers in a timely fashion.
Many invoices are recorded as immediate payment which is recorded by us as the invoice date. Within this reporting the 41% paid outside of agreed terms reflects the fact that it is not possible for us to pay suppliers on the day they raise the invoice. All invoices with immediate payment terms are included in the 41% reported as paid outside of agreed terms.
Dispute resolution process
Disputes are minimal and are nearly all resolved within the finance department on an adhoc basis.
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