GOV.UK
TAYLOR HOBSON LIMITED
Company number: 03230332
Reporting period:
1 July 2021
to 31 December 2021
This report was filed on 26 January 2022
and approved by Bruce Wilson
Payment statistics
Average time taken to pay invoices: 52 days
Invoices paid:
- within 30 days: 20%
- in 31 to 60 days: 46%
- in 61 days or more: 34%
Invoices due but not paid within agreed terms: 48 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
120 days
Standard payment terms
Standard payment terms for both Leicester and Solartron ISA divisions are between 30 days and 60 days depending upon market conditions, supplier relationships, spend and agreed credit limits and are agreed with each supplier when set-up or if amended.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
120 days
Any other information about payment terms
N/A
Dispute resolution process
Reasons for not being able to pay based on terms include not receiving invoices by email, receiving late or non-compliant invoices or invoices that are in dispute. Once aware of a query, the Accounts Payable team will look into it with the supplier or Buyer as appropriate and work together to resolve it.
Suppliers should initially contact accounts.taylor-hobson@ametek.com (for the Leicester division) or ap-solartronisa@ametek.com (for the Solartron ISA division) if there are overdue invoices and escalate to the Finance Manager or Purchasing Manager if a response is not received in a reasonable timeframe.
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