BETA This is a new service – your feedback will help us to improve it.

ANIXTER LIMITED

Company number: 00248952

Reporting period:
30 December 2017 to 29 June 2018


Warning 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 Vitaliy Skovorodko

Payment statistics

Average time taken to pay invoices: 48 days

Invoices paid:

Invoices due but not paid within agreed terms: 79 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

90 days

Standard payment terms

Anixter’s suppliers can be split into (i) suppliers of goods and services for resale or “Material Vendors” and (ii) other suppliers of goods and services that help us run our business or “Expense and Freight Vendors”.

Standard payment terms in contracts with Material Vendors are 90 days from delivery of the goods to us.

There are no standard payment terms for contracts with Expense and Freight Vendors, but the most frequently used payment terms are 30 days from the date of the invoice.

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

No

Maximum contractual payment period agreed

90 days

Any other information about payment terms

Anixter uses weekly payment runs to pay all of its suppliers and vendors, which is an industry common practice. The majority of invoices paid after the due date result from the weekly payment cycle, invoices received later than the payment due date and disputed invoices.

Dispute resolution process

All invoicing issues are dealt in the first instance by Anixter’s accounts payable team (AP). AP will address disputes relating to non-compliant invoices and will reach out to the suppliers or internal business contacts if required.

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