GOV.UK
AMADA UNITED KINGDOM LIMITED
Company number: 01063206
Reporting period:
1 April 2020
to 30 September 2020
This report was filed on 28 October 2020
and approved by STEVE BASFORD
Payment statistics
Average time taken to pay invoices: 54 days
Invoices paid:
- within 30 days: 3%
- in 31 to 60 days: 65%
- in 61 days or more: 32%
Invoices due but not paid within agreed terms: 2 %
Payment terms
Shortest standard payment period
40 days
Longest standard payment period
70 days
Standard payment terms
Amada UK operates it's main month end payment run on the 10th of each month (or next working day). For example, all October 2020 invoices would ordinarily be paid on 10th December. This gives payment terms of days end of month.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
70 days
Any other information about payment terms
Amada UK pays rigidly to the above payment terms - only a small minority of invoices are paid outside 40-70 days from invoice date (dependent upon the date of an invoice within the month)
Dispute resolution process
Where a supplier has a query or complaint regarding payment, Amada UK aims to achieve a resolution quickly. Standard practice within Amada UK is that the approving department will contact a supplier regarding any query Amada UK has in relation to their invoice. The purpose of this is to ensure where possible, there is a successful and timely resolution, and that payment is made within Amada UK's standard payment period (noted above).
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