REXEL UK LIMITED

Company number: 00434724

Reporting period:
1 July 2020 to 31 December 2020

---

This report was filed on 10 February 2021

and approved by Marcus Leek

Payment statistics

Average time taken to pay invoices: 82 days

Invoices paid:

• within 30 days: 3%
• in 31 to 60 days: 29%
• in 61 days or more: 68%

Invoices due but not paid within agreed terms: 6%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

63 days

Standard payment terms

For trade accounts our standard payment terms are 63 days end of month. For non-trade accounts there are no standard payment terms as these are agreed on a per supplier basis.

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

123 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

For non-payment queries, suppliers are asked to email the apnt@rexel.co.uk. In the case of short payments, a debit note will be issued with an error code giving a description of the invoice query. The debit note will include a contact person and the Supplier should direct any queries to this person.

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.

Yes

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.

Yes

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