GOV.UK
DIEBOLD NIXDORF (UK) LIMITED
Company number: 03841833
Reporting period:
1 January 2019
to 30 June 2019
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 30 July 2019
and approved by Paul Young
Payment statistics
Average time taken to pay invoices: 56 days
Invoices paid:
- within 30 days: 6%
- in 31 to 60 days: 68%
- in 61 days or more: 26%
Invoices due but not paid within agreed terms: 93 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
90 days
Standard payment terms
Our standard payment terms are agreed with our suppliers through a contract
Were there any changes to the standard payment terms in the reporting period?
Yes – Only a few of our new suppliers were moved to 90 days payment terms
Were suppliers notified or consulted about these changes before they were made?
Yes – We would have agreed the change in payment terms with the supplier within an agreed contract
Maximum contractual payment period agreed
90 days
Any other information about payment terms
N/A
Dispute resolution process
If any invoice is in dispute or not agreeing to our PO, the supplier would be contacted by our Shared Service Function and the PO creator
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