BEIERSDORF UK LTD.

Company number: 00468710

Reporting period:
1 July 2019 to 31 December 2019

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This report was filed on 27 January 2020

and approved by James Livesey

Payment statistics

Average time taken to pay invoices: 30 days

Invoices paid:

• within 30 days: 65%
• in 31 to 60 days: 17%
• in 61 days or more: 18%

Invoices due but not paid within agreed terms: 35%

Payment terms

Shortest standard payment periods

60 days

Longest standard payment period

Answer not provided

Standard payment terms

The prices shown in the order are fixed prices (inclusive of VAT). Unless otherwise agreed, they include all expenses in connection with the goods and services to be provided by the Supplier. A single copy of the pertinent invoice is to be sent to Beiersdorf UK Ltd. (BDF) separately when the goods are delivered or within five (5) days of completion of the services stating BDF’s purchase order (PO) number and an exact list of the content and weight and all of the mandatory details required under applicable local tax regulations. Invoices with incorrect or missing details are generally not accepted and returned to the issuer for correction or amendment. Unless otherwise agreed, BDF shall make payment of undisputed invoices within sixty (60) days of receipt of the invoice. No payment made by BDF shall imply any acknowledgement that the delivery or performance is in accordance with the Contract. In the event of incorrect or incomplete delivery and/or performance, BDF shall - without prejudice to BDF’s other rights - be entitled to withhold a reasonable extent of payments towards claims arising out of the business relationship up until proper performance. Said rule shall apply mutatis mutandis in the event of set-off. The period allowed for payment shall on no account begin before the agreed delivery date. The receivables arising out of the contracts concluded with BDF may be assigned only with BDF’s written consent.

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

120 days

The maximum contractual payment period agreed is 120 days. It applies to one long-term supplier.

Any other information about payment terms

BDF maintains a ‘No PO, No Pay’ policy.

Dispute resolution process

Any invoice query can be lodged with BDF Accounts Payable (AP) team, which is reachable by phone, email and post. If the AP team is unable to resolve the query, it will be escalated to an associated employee of the business to investigate why the invoice has not been approved for payment.

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, 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.

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