MERCEDES-BENZ PARTS LOGISTICS UK LIMITED
Company number: 10304047
Reporting period:
1 July 2019 to 31 December 2019
Report filed on:
29 January 2020
Approved by:
Harald Henn
Payment statistics
Average time taken to pay invoices: 25 days
Invoices paid:
- within 30 days: 79%
- in 31 to 60 days: 17%
- in 61 days or more: 5%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 11%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Month end following receipt of invoice
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
Dispute Resolution Invoice disputes are investigated by our front office team in our Shared Service Centre in Madrid. The supplier is required to follow our purchase order terms and conditions. If the front office team are unable to resolve the dispute, the issue is then escalated by passing on the query to the local accounts payable team, who will work with the relevant business stakeholder to resolve. In order to ensure invoices are approved promptly, any invoices outstanding with an approver for more than 3 days are followed up by the local accounts payable function to ensure they are dealt with.
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