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MAHLE ENGINE SYSTEMS UK LIMITED

Company number: 06080706

Reporting period:
1 January 2018 to 30 June 2018

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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 Scott Ferguson

Payment statistics

Average time taken to pay invoices: 57 days

Invoices paid:

• within 30 days: 15%
• in 31 to 60 days: 47%
• in 61 days or more: 38%

Invoices due but not paid within agreed terms: 38 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

90 days

Standard payment terms

Unless otherwise stated in the order, MAHLE shall pay the price of goods and services within 30 days after the end of the month of receipt of a proper invoice or, if later, after acceptance of goods and services in question.

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

No

Maximum contractual payment period agreed

90 days

Any other information about payment terms

N/A

Dispute resolution process

All invoices are processed by a central shared services Accounts Payable team. Where it is not possible to process an invoice for payment, the relevant personnel at the local site are identified for resolution of the dispute. The dispute is entered into a query management system and forwarded to the responsible person (Approver) to investigate. It is the Approver who will liaise with the supplier to settle the dispute. The Approver then returns the dispute via the query management system to the Accounts Payable team advising the outcome of the discussion with the supplier.

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