SCHNEIDER ELECTRIC LIMITED
Company number: 01407228
Reporting period:
1 January 2018
to 30 June 2018
This report was filed on 30 July 2018
and approved by Trevor Lambeth
Payment statistics
Average time taken to pay invoices: 60 days
Invoices paid:
- within 30 days: 18%
- in 31 to 60 days: 45%
- in 61 days or more: 37%
Invoices due but not paid within agreed terms: 52 %
Payment terms
Shortest standard payment period
60 days
Longest standard payment period
90 days
Standard payment terms
Standard terms are 60 days, lower terms are in place with some suppliers where appropriate
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
We have a number of contracts on 90 days
Any other information about payment terms
Of the invoices not paid within agreed terms 20% are paid within 7 days of the due date.
Dispute resolution process
Dispute resolution depends on the type of disputes quantity/price differences. Disputes are resolved by Finance, Purchasing, business and suppliers depending on who needs to be involved.
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