ENDRESS + HAUSER LIMITED

Company number: 00942157

Reporting period:
1 January 2018 to 30 June 2018

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This report was filed on 17 July 2018

and approved by Roger Stone

Payment statistics

Average time taken to pay invoices: 45 days

Invoices paid:

• within 30 days: 8%
• in 31 to 60 days: 90%
• in 61 days or more: 2%

Invoices due but not paid within agreed terms: 1%

Payment terms

Shortest standard payment periods

60 days

Longest standard payment period

Answer not provided

Standard payment terms

The standard contractual length of time for payment of invoices is 60 days within receipt of a correctly rendered invoice. This is set out in clause 7.5 of Endress + Hauser Limited’s General Terms and Conditions of Purchase which can be found at https://www.uk.endress.com/en/legal-information-uk/general-terms-conditions-purchase

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

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

60 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

EHL experience very few disputes relating to payment with our suppliers. The structure of our Group is such that our sister companies based in Europe are our main suppliers. Where we do experience disputes, we aim to proactively resolve them without the requirement for an escalation to a formal process such as legal proceedings or ADR. We have no outstanding litigation relating to payments and no County Court Judgements registered against EHL. Where we experience disputes with Customers over non-payment, we aim to engage with them with a view to reaching some form of payment plan. Again, escalation to legal proceedings are a last resort and rarely used.

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.

Yes, this business has signed up to: Prompt Payment Code

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.

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