APTIV SERVICES UK LIMITED
Company number: 02860799
Reporting period:
1 July 2020 to 31 December 2020
Report filed on:
16 February 2021
Approved by:
Sally Lawlor
Payment statistics
Average time taken to pay invoices: 63 days
Invoices paid:
- within 30 days: 3%
- in 31 to 60 days: 60%
- in 61 days or more: 37%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 46%
Payment terms
Shortest standard payment periods
90 days
Longest standard payment period
Answer not provided
Standard payment terms
Standard payment terms are Net 90 days. Other payment terms may be agreed based on historical trading relationships, available settlement discounts, or standard industry practice for particular supplies or circumstances.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
If a supplier has any disputes or concerns regarding any aspect of our payment process, their first contact would be the Supplier Centre of Excellence. When the nature of the issue has been determined, the issue will be directed to the purchasing or logistics department. 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.
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 Fair 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