SUBARU (UK) LIMITED
Company number: 01295214
Reporting period:
1 January 2018
to 30 June 2018
This report was filed on 25 July 2018
and approved by Gary E Hutton
Payment statistics
Average time taken to pay invoices: 25 days
Invoices paid:
- within 30 days: 65%
- in 31 to 60 days: 33%
- in 61 days or more: 2%
Invoices due but not paid within agreed terms: 60 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
45 days
Standard payment terms
Under Subaru (UK) Limited's communication to suppliers, standard
payment terms are payment once a month on the 15th day of the
month following receipt of a valid invoice to the group's shared service
centre via IMGroup-SubaruUK@mail.readsoftonline.com.
Other individual suppliers agreements may vary. Specific contractual
arrangements are in place for suppliers of inventory items that are
imported from overseas.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
45 days
No further information
Any other information about payment terms
Standard payment terms apply to the company's
suppliers however, intercompany purchase invoices are
generally settled under alternative arrangements under
mutual agreement to satisfy the wider group's
centralised treasury arrangements.
Dispute resolution process
Initial supplier disputes and queries should be dealt with by contacting
Subaru (UK) Limited's Accounts Payable Department
(accountspayable@imgroup.co.uk).
This is the primary contact for all disputes and queries, however resolution
may be directed to the relevant internal relationship holder.
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