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ALFA LAVAL LIMITED

Company number: 00187261

Reporting period:
1 July 2020 to 31 December 2020

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

This report was filed on 25 January 2021

and approved by Stephen Woolhouse

Payment statistics

Average time taken to pay invoices: 39 days

Invoices paid:

• within 30 days: 39%
• in 31 to 60 days: 58%
• in 61 days or more: 3%

Invoices due but not paid within agreed terms: 10 %

Payment terms

Shortest standard payment period

8 days

Longest standard payment period

60 days

Standard payment terms

Standard 30 days net of invoice date

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

No

Maximum contractual payment period agreed

60 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

Alfa Laval is committed to dealing with its suppliers in a fair, honest and professional manner while seeking best value for the business. We seek to advise suppliers promptly of any dispute or reason why an invoice will not be paid in accordance with the agreed terms. Invoices that are subject to dispute will not be paid until resolution of the dispute. Once resolved, payment will be made in accordance with the terms of the contract.
Our Accounts Payable team addresses the dispute in the first instance, with escalation to the buyer should it be 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.

Yes – Prompt Payment Code

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