Company number: 05652018
and approved by Timothy Jones
Average time taken to pay invoices: 73 days
Invoices paid:
Invoices due but not paid within agreed terms: 73%
1 days
90 days
Standard payment terms are 31 days following month of invoice. There were no changes within the period.
Answer not provided
N/A
90 days
No further comment provided
HellermannTyton follow a strict no PO no pay policy and invoices must be sent to the correct address as communicated to suppliers and as stated at the bottom of the PO. The PO number is communicated by HellermannTyton’s procurement team or by the relevant HellermannTyton requistioner at the time of placing the order.
If a supplier has any disputes or concerns regarding any aspect of our payment process, their first contact would be the procurement team in the business. In the absence of that, suppliers may contact our Accounts Payable department directly. The aim of any conversation is always to resolve any issue in a timely and collaborative manner, in order to maintain a good working relationship. If those involved are unable to find a solution, then the issue would be escalated appropriately within the business. Where the issue is with the invoice the supplier is required to provide any missing information or a corrected invoice.
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.
No
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
No
No