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UNIPART GROUP LIMITED

Company number: 00576777

Reporting period:
1 January 2020 to 30 June 2020


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

This report was filed on 23 July 2020

and approved by Chris Weldon

Payment statistics

Average time taken to pay invoices: 45 days

Invoices paid:

Invoices due but not paid within agreed terms: 18 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

75 days

Standard payment terms

Payment terms do vary across suppliers based on the type of service provided and the nature of the supplier. Unipart's preferred payment term is to pay invoices no later than 4 working days after the last day of the month following the month in which the relevant undisputed invoice is received by Unipart.

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

No

Maximum contractual payment period agreed

90 days

Payment to this supplier is 90 days from the end of the invoice month, and therefore between 90 and 120 days from invoice date.

Any other information about payment terms

We have an accepted custom with a significant number of suppliers that we can make payment up to 4 working days later than the invoice payment date. These are included in the '% Invoices not paid within agreed terms' statistic as the guidance specifically states to calculate the statistic based on the details in the invoice or other written documents.

Dispute resolution process

Unipart is committed to dealing with its suppliers in a fair and professional manner.  All queries should be directed to our Accounts Payable team (apquery@unipart.com) who will seek to resolve queries as quickly as possible , including escalating as appropriate.

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