Company number: 05598549
and approved by James Brewin
Average time taken to pay invoices: 130 days
Invoices paid:
Invoices due but not paid within agreed terms: 20%
0 days
360 days
Payment terms are agreed with suppliers as part of the supplier selection process / contract negotiations. Hitachi Rail Limited takes into account circumstances of each supplier during this process, in particular for small to medium enterprises. Standard payment terms are 60 days from the date of receipt of Goods and or completion of Services relating to that specific Purchase Order. Payment runs are made on a weekly basis and invoices received without a valid Purchase Order number are returned to the supplier which may result in a delay in the payment process.
Answer not provided
N/A
360 days
The maximum contractual payment term of 360 days relates to suppliers which have agreed to have access to supply chain finance. These are agreed on a case by case basis with specific suppliers predominantly on our long-term manufacturing contracts. Average number of days for making payment, excluding Supply Chain Finance: 53 days
N/A
Hitachi Rail Limited advises suppliers to liaise with their normal point of contact stated on the Purchase Order, who will help them in the first instance or direct them to the relevant persons. All payment specific enquiries can be made to the Accounts Payable team via telephone on 0800-014-9497 or e-mail AP.queries@hitachirail.com. In the event of a dispute where an agreement cannot be made, Hitachi Rail Limited follows an established escalation process with Finance / Procurement leads who work to resolve any outstanding dispute
For example, signatories to The Prompt 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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
Yes
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.
Yes
No
No