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TRELLEBORG SEALING SOLUTIONS UK LIMITED

Company number: 00446036

Reporting period:
1 January 2018 to 30 June 2018

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

This report was filed on 30 July 2018

and approved by Robert Broadley

Payment statistics

Average time taken to pay invoices: 36 days

Invoices paid:

  • within 30 days: 39%
  • in 31 to 60 days: 51%
  • in 61 days or more: 10%

Invoices due but not paid within agreed terms: 93%

Payment terms

Shortest standard payment periods

60 days

Longest standard payment period

Answer not provided

Standard payment terms

Standard Payment Terms are 60 Days End of Month

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

Answer not provided

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

N/A

Dispute resolution process

Trelleborg Sealing Solutions UK Limited (TSSUK) consists of five separate sites operating within the UK. The dispute resolution process can vary from site to site, but generally follows the procedure below: If a dispute arises in relation to an invoice, TSSUK will seek to resolve the dispute within the Standard Payment Period. If this is not possible then the following process will be observed: • the supplier will be notified in writing (by email or otherwise), prior to expiry of the Standard Payment Period, that the payment will not be fulfilled within the Standard Payment Period; • the supplier will be provided with an explanation of the reason for the delay and a contact at TSSUK who is responsible for resolving the dispute; and • TSSUK will use reasonable endeavours to seek to resolve the dispute and make the payment as soon as a resolution has been achieved. If a supplier wishes to make a complaint regarding TSSUK's supplier payment policy and procedures or a payment dispute, the supplier should submit the complaint in writing to the Financial Controller at the relevant TSSUK site in the first instance. TSSUK will provide a written response to the complaint within 10 working days of receipt. If the supplier does not find TSSUK’s initial response to the complaint satisfactory then the supplier may send further correspondence to the site General Manager at TSSUK.

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, 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