ANRITSU EMEA LIMITED
Company number: 05744468
Reporting period:
1 October 2019 to 31 March 2020
Report filed on:
4 May 2020
Approved by:
Riccardo Rossetti
Payment statistics
Average time taken to pay invoices: 94 days
Invoices paid:
- within 30 days: 4%
- in 31 to 60 days: 26%
- in 61 days or more: 70%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 30%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
120 days
Standard payment terms
We have different suppliers who are on different payment terms. Some of these are immediate, 7, 15, 30, 90 and 120 days. Majority of our invoices are intercompany transactions which are paid on 120 days term hence why our average days is higher than normal.
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
120 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
When an invoice is received the value is checked against the Purchase Order. If there is any dispute against the value or services provided the invoice is put on hold. It is followed up by the person who placed the order. Once this has been resolved either the invoice will be approved or a credit note would be issued.
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.
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.
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