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HONEYWELL CONTROL SYSTEMS LIMITED

Company number: 00217803

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 23 August 2019

and approved by David Kay

Payment statistics

Average time taken to pay invoices: 108 days

Invoices paid:

Invoices due but not paid within agreed terms: 16 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

120 days

Standard payment terms

Direct 90
Indirect 120

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

No

Maximum contractual payment period agreed

120 days

no

Any other information about payment terms

no

Dispute resolution process

The business operates an accounts payable helpdesk model to service supplier queries. Queries are answered within 2 working days following receipt of the query. 

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.

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.

Yes

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