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HILTI (GT.BRITAIN) LIMITED

Company number: 00479786

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 25 July 2018

and approved by Kyriaki MAURER

Payment statistics

Average time taken to pay invoices: 29 days

Invoices paid:

• within 30 days: 70%
• in 31 to 60 days: 27%
• in 61 days or more: 3%

Invoices due but not paid within agreed terms: 66 %

Payment terms

Standard payment period for qualifying contracts

60 days

Standard payment terms

Hilti standard payment terms are 60 days. Payment terms are agreed with suppliers as part of contract negotiations. The terms are mutually agreed between Hilti and the supplier and can range from 14-60 days. There are no suppliers on contracted payment terms above 60 days.

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

No

Maximum contractual payment period agreed

60 days

NA

Any other information about payment terms

NA

Dispute resolution process

Hilti actively seeks to resolve disputes by discussing with the relevant supplier(s) involving members of our Procurement and Accounts Payable departments and/or where necessary, members of management. Where it is not possible to reach agreement, potential dispute resolution methods such as mediation, adjudication or expert determination may be used.

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