Published reports

ENDRESS + HAUSER LIMITED

Company number: 00942157

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

Reporting period:

1 January 2018 to 30 June 2018

Report filed on:

17 July 2018

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%

Late and disputed:

  • payments due in the reporting period which have not been paid within the agreed period: 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?

No

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

No further comment provided

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 Fair 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