ALSTOM TRANSPORT UK LIMITED
Company number: 08462831
Reporting period:
1 October 2019
to 31 March 2020
This report was filed on 28 April 2020
and approved by Stuart MacLeod
Payment statistics
Average time taken to pay invoices: 53 days
Invoices paid:
- within 30 days: 27%
- in 31 to 60 days: 33%
- in 61 days or more: 40%
Invoices due but not paid within agreed terms: 38 %
Payment terms
Shortest standard payment period
28 days
Longest standard payment period
60 days
Standard payment terms
The Company’s standard payment terms are 60 days from the end of the month in which an undisputed invoice is received. Deviations from standard payment terms are agreed on a case by case basis subject to negotiation and agreement as part of a wider suite of commercial conditions
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Any other information about payment terms
N/A
Dispute resolution process
Alstom seeks to satisfactorily resolve any queries as quickly as possible prior to payment being made. Invoices received which cannot be processed due to errors, and/or missing/inaccurate information are passed to the relevant internal stakeholders for resolution, which would escalate to departmental heads as required. In the event that this process cannot satisfactorily resolve the dispute, the matter would subject to the dispute resolution conditions defined in the relevant agreement.
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 – Network Rail Fair Payment Charter
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