ELECTROLUX PLC
Company number: 02331516
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
4 July 2018
Approved by:
Ola Nilsson
Payment statistics
Average time taken to pay invoices: 39 days
Invoices paid:
- within 30 days: 45%
- in 31 to 60 days: 38%
- in 61 days or more: 17%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 60%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
Answer not provided
Standard payment terms
60 days plus end of month.
Exceptionally both shorter and longer payment terms can be offered for various types of companies by agreement.
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
165 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Suppliers are provided with standard payment instructions, which advises information required on invoices to minimise payment delays, addresses to send invoices to and encourages electronic invoicing. Any disputes should be directed to the company contact or the Accounts payable team in Poland at Electrolux Poland Sp. z o.o., ul. Karolkowa 30 01-207 Warszawa, NIP 521-008-43-88. Email queries can also be sent to ap_uk@electrolux.de. We aim to respond to correspondence within 2 days and are committed to resolving issues in a timely manner.
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.
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