GOV.UK
MAHLE ENGINE SYSTEMS UK LIMITED
Company number: 06080706
Reporting period:
1 January 2019
to 30 June 2019
This report was filed on 2 August 2019
and approved by Mr Scott Ferguson
Payment statistics
Average time taken to pay invoices: 60 days
Invoices paid:
- within 30 days: 17%
- in 31 to 60 days: 41%
- in 61 days or more: 42%
Invoices due but not paid within agreed terms: 47 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
90 days
Standard payment terms
Unless otherwise stated in the order, MAHLE shall pay the price of goods and services within 30 days after the end of the month of receipt of a proper invoice or, if later, after acceptance of goods and services in question.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Any other information about payment terms
The company operates a weekly payment run , therefore it is usual for some invoices to fall due between payment dates. These invoices would therefore be included in this report as being settled outside of agreed terms.
Dispute resolution process
All invoices are handled by a central shared services Accounts Payable team. Invoices are processed via an automated workflow dependent on whether the invoice is for goods or services. Where it is not possible to approve an invoice due to incorrect pricing or quantity etc., the receiver of the workflow liases with the supplier to settle the dispute. The receiver then returns the dispute via the workflow process to the Accounts Payable team advising the outcome of the discussion with the supplier.
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