CALSONIC KANSEI UK LIMITED
Company number: 02147831
Reporting period:
1 October 2018 to 31 March 2019
Report filed on:
23 April 2019
Approved by:
Paul Ewan Paton
Payment statistics
Average time taken to pay invoices: 51 days
Invoices paid:
- within 30 days: 2%
- in 31 to 60 days: 84%
- in 61 days or more: 14%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 15%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Normal standard terms are month free 30 days I.e. on average 45 days.
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
60 days
Maximum standard terms are month free 60 days. I.e. on average 75 days & maximum 90 days.
Any other information about payment terms
No further comment provided
Dispute resolution process
Where non-payment is caused by invoicing inaccuracy due to incorrect pricing/quantities or the quality of goods or services provided, the AP function will dispute the invoice by placing it on hold. Invoices that are subject to a dispute will not be paid until the issue is resolved. Disputes are generally resolved with the department who has placed the order. If the matter cannot be resolved with the department, it will be escalated to senior management for resolution. Once resolved, payment will be made in accordance with the terms of the contract, unless the invoice is overdue where it will be paid in the next payment run.
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