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CDK GLOBAL (UK) LIMITED

Company number: 01281651

Reporting period:
1 January 2018 to 30 June 2018

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This information is as reported by the business, and responses are in their own words.

This report was filed on 27 July 2018

and approved by Andrew Thomson

Payment statistics

Average time taken to pay invoices: 28 days

Invoices paid:

• within 30 days: 71%
• in 31 to 60 days: 21%
• in 61 days or more: 8%

Invoices due but not paid within agreed terms: 39 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

45 days

Standard payment terms

Under CDK Global (UK) Ltd's standard contractual terms we commit to the payment of all undisputed sums properly due to third party suppliers within 30 days of receipt of a valid invoice in CDK's Business Service Centre via UKAP@cdk.com. In the period under review, on average we take 28 days to pay third party suppliers.

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

No

Maximum contractual payment period agreed

45 days

Any other information about payment terms

N/A

Dispute resolution process

The business has a dedicated Business Service Centre which is contactable via email and telephone. Vendors with invoice queries need to contact this team and if the service centre is not able to resolve they escalate the issue to management within the business. The business will reach out to the vendor and to the service centre if it is not clear why the invoice has not been approved for payment.

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