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CALEA UK LIMITED

Company number: 02506615

Reporting period:
1 July 2020 to 31 December 2020

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This information is as reported by the business, and responses are in their own words.

This report was filed on 29 July 2021

and approved by Claire Stanley

Payment statistics

Average time taken to pay invoices: 46 days

Invoices paid:

• within 30 days: 16%
• in 31 to 60 days: 69%
• in 61 days or more: 15%

Invoices due but not paid within agreed terms: 92 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

180 days

Standard payment terms

Standard terms are 30 days from invoice to third parties, and standard terms to Fresenius group companies are 180 days from invoice.

Were there any changes to the standard payment terms in the reporting period?

Yes – The standard terms for Fresenius group companies changed from 60 days to 180 days in this period.

Were suppliers notified or consulted about these changes before they were made?

Yes – Through internal communications

Maximum contractual payment period agreed

180 days

Any other information about payment terms

N/A

Dispute resolution process

Where invoices received from suppliers do not match to expected values or units from purchase orders, contact is made with suppliers to discuss and amend invoices as appropriate with a view to swift resolution of disputes.

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.

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.

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