GOV.UK
TRUCK-LITE EUROPE LIMITED
Company number: 00195431
Reporting period:
1 January 2018
to 30 June 2018
This report was filed on 30 July 2018
and approved by A. Lloyd
Payment statistics
Average time taken to pay invoices: 63 days
Invoices paid:
- within 30 days: 6%
- in 31 to 60 days: 45%
- in 61 days or more: 49%
Invoices due but not paid within agreed terms: 17 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
120 days
Standard payment terms
Our standard payment terms for good and services is 60 days from invoice date, unless specifically negotiated otherwise with the supplier. Vehicle leasing, communications, employment agencies, freight and other leasing companies may be paid earlier depending on their payment terms and payment methods.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
120 days
Only 1 supplier has the longest agreed payment period of 120 days NET.
Any other information about payment terms
N/A
Dispute resolution process
The complaint or dispute will be dealt with by the Payable Processing Team at Truck-Lite Europe Ltd, Harlow. They aim to respond to your query within 3 working days. Contact details for the Payable Processing team are via email: invoices@truck-lite.eu.com or via telephone on 01279 406406. On receipt of a dispute, the Payable Processing team will seek a resolution from relevant departments and update the supplier accordingly. Invoices should be sent via email to: invoices@truck-lite.eu.com or via post to Truck-Lite Europe Ltd, Barrows Road, Harlow, Essex CM19 5FA
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