JUNGHEINRICH UK LIMITED
Company number: 00757192
Reporting period:
1 January 2021 to 30 June 2021
Report filed on:
26 July 2021
Approved by:
Mr Arne Rosenkranz
Payment statistics
Average time taken to pay invoices: 41 days
Invoices paid:
- within 30 days: 80%
- in 31 to 60 days: 19%
- in 61 days or more: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 1%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
90 days
Standard payment terms
Jungheinrich UK standard payment terms for all purchases are 30 Days EOM, unless otherwise negotiated. Example: Invoice 15th June 2021, Payable 31st July 2021 (30 days EOM)
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
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Jungheinrich UK Limited has a dedicated accounts payable helpdesk that offers suppliers, support through query resolution and provides payment information. The accounts payable team can be contacted by email or by telephone Monday to Friday between the hours of 09:00 to 17:00. The accounts payable help desk will attempt to answer if available, all incoming calls, however if unavailable a voicemail or email can be left in which the helpdesk will respond within 48 hours. If a supplier has a non financial issue then its advised that in the first instance they contact the original requestor (buyer) so that the issue can be resolved. Jungheinrich UK Limited offers an email interface for all submitted invoices into its document management system (AiPro) using a defined supplier email address. This email address is only known to approved suppliers. Electronic receipt of invoices is the preferred method for submission. All invoices submitted must be in accordance to Jungheinrich UK Limited general terms of purchase (on request) or alternatively provided as per the official purchase order for all goods or services requested. The purchase order number provided must be quoted on the invoice, failure to do so will lead to delays in payment being received.
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