ECOLAB LIMITED
Company number: 00649192
Reporting period:
1 June 2020 to
30 November 2020
This report was filed on 22 December 2020
and approved by Eric de Villemeur
Payment statistics
Average time taken to pay invoices: 41 days
Invoices paid:
- within 30 days: 43%
- in 31 to 60 days: 45%
- in 61 days or more: 11%
Invoices due but not paid within agreed terms: 24%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
Answer not provided
Standard payment terms
Standard payment terms are 60 days from date of invoice. We do have vendors on payment terms which are different to the standard
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Supplier payment issues that arise are addressed in the first instance by the Global Business Services Accounts Payable Team. Payment disputes are resolved in accordance with the relevant contract terms. Any dispute that cannot be resolved between the Supplier and the Business may be referred to the Company's Legal Department.
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, this business has not signed up to a code of conduct or standards on payment practices.
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