LIEBHERR SUNDERLAND WORKS LIMITED
Company number: 04111437
Reporting period:
1 January 2021 to 30 June 2021
Report filed on:
27 July 2021
Approved by:
Rudolf Cherdron
Payment statistics
Average time taken to pay invoices: 31 days
Invoices paid:
- within 30 days: 76%
- in 31 to 60 days: 16%
- in 61 days or more: 8%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 25%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
90 days
Standard payment terms
Liebherr Sunderland Works standard supplier payment terms are based on date of receipt of a correct and undisputed invoice, 62% are 30 days net from date of invoice, 18% 14 days net from date of invoice, 10% 60 days net from date of invoice, 6% 90 days net from date of invoice and 4% other in the reporting period.
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
Suppliers can contact Liebherr Sunderland Works Accounts Payable department via email lsw-accounts@liebherr.com to allow them to submit electronic invoices and raise any concerns. When an invoice is disputed the Accounts Payable Department will either contact the supplier direct or the Liebherr Sunderland Works purchase requestor indicating the invoice number and reason for rejection. To resolve a dispute the supplier is required to provide any missing information or a corrected invoice.
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