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TRUCK-LITE EUROPE LIMITED

Company number: 00195431

Reporting period:
1 January 2019 to 30 June 2019

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This information is as reported by the business, and responses are in their own words.

This report was filed on 31 July 2019

and approved by Neil Sibley

Payment statistics

Average time taken to pay invoices: 71 days

Invoices paid:

• within 30 days: 10%
• in 31 to 60 days: 30%
• in 61 days or more: 60%

Invoices due but not paid within agreed terms: 22 %

Payment terms

Standard payment period for qualifying contracts

7 days

Standard payment terms

Our standard payment terms for goods and services is 60 days from invoice date, unless specifically negotiated otherwise with the supplier. Vehicle leasing, communications, employment agencies, freight and other leasing companies may be paid earlier dependent on their payment terms and payment methods.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

120 days

Any other information about payment terms

N/A

Dispute resolution process

The complaint or dispute will be dealt with by the payable processing team at Truck-Lite Europe Ltd Harlow. They aim to respond to your query in 3 working days. Contact details for the payable processing team are via e-mail; invoices@truck-lite.eu.com or via telephone on 01279 406406. On receipt of a dispute the payable processing team will seek resolution from relevant departments and update the supplier accordingly. Invoices should be sent via e-mail to invoices@truck-lite.eu.com or via post Truck-Lite Europe Ltd, Barrows Road, Harlow, Essex CM19 5FA.

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