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LIEBHERR - GREAT BRITAIN LIMITED

Company number: 00677497

Reporting period:
1 January 2018 to 30 June 2018

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

This report was filed on 20 July 2018

and approved by Claire Webber

Payment statistics

Average time taken to pay invoices: 25 days

Invoices paid:

• within 30 days: 67%
• in 31 to 60 days: 30%
• in 61 days or more: 3%

Invoices due but not paid within agreed terms: 73 %

Payment terms

Shortest standard payment period

1 days

Longest standard payment period

90 days

Standard payment terms

Liebherr-Great Britain standard supplier payment terms are based on date of receipt of a correct and undisputed invoice, 83% are 30 days net from date of invoice, 11% are 14 days net from date of invoice, 4% are immediate and 1% are other, in the reporting period

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

No

Maximum contractual payment period agreed

90 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

Suppliers can contact Liebherr-Great Britain Accounts Payable Department via email apinvoices.lgb@liebherr.com to allow them to submit electronic invoices directly to Liebherr-Great Britain and raise any concerns.
When an invoice is disputed the Accounts Payable Department will either contact the supplier direct or the Liebherr-Great Britain purchase requestor indicating the invoice number and reason for rejection.
To resolve a dispute the supplier is required to provide any missing information or a corrected invoice.

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

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.

No

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