JUNGHEINRICH UK LIMITED
Company number: 00757192
Reporting period:
1 January 2019 to 30 June 2019
Report filed on:
16 July 2019
Approved by:
Mr Arne Rosenkranz
Payment statistics
Average time taken to pay invoices: 48 days
Invoices paid:
- within 30 days: 66%
- in 31 to 60 days: 34%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 2%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
90 days
Standard payment terms
Jungheinrich UK Limited, standard payment terms are 60 days from date of invoice. Prefered payment method to all suppliers is by BACS
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
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Jungheinrich UK Limited has a dedicated accounts payable helpdesk that offers suppliers, support through query resolution and payment confirmation. The accounts payable team can be contacted by email, 24/7 or by telephone Monday to Friday between the hours of 08:30 - 17:30 were they will endeavour to answer all incoming telephone calls immediately. Contact by email is acknowledge within a maximum of two working days for all qeuries raised, however in the first instance suppliers are advised to contact the original requestor (buyer) so they can resolve any non finance queries. Jungheinrich UK Limited offers an Electronic Data Interface for all invoices to be submitted via a defined email address for all suppliers . This method of delivery is the perferred option for all incoming invoices which then interact with Jungheinrich UK Limited automated payable process. All invoices submitted must be in accordance to Jungheinrich UK Limited general terms of purchase, (on request) or alternatively provided as per an offical purchase order for all goods and services requested.
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.
Yes
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