HILTI (GT.BRITAIN) LIMITED
Company number: 00479786
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
25 July 2018
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%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 66%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
Answer not provided
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
Were suppliers notified or consulted about these changes before they were made?
N/A
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 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