Company number: 01075951
and approved by Paul Kiely
Average time taken to pay invoices: 50 days
Invoices paid:
Invoices due but not paid within agreed terms: 30%
45 days
60 days
adidas UK's Limited standard payment terms for the majority of our suppliers are 45 days from date of receipt of invoice unless otherwise agreed.
Answer not provided
N/A
60 days
Currently our way of working does not consider the length of time taken for payment to clear into our supplier's bank account. If we exclude the assumption of how long it takes funds to clear, we would move to 21% of invoices not paid within the agreed term. We are considering changes in our process to take this into account.
N/A
adidas UK limited advise that all invoices must contain a purchase order number which is given to suppliers by our procurement team when the order is approved. This purchase order contains a section that details who to contact with queries and the e-mail address aukaccountspayable@adidas.com.
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No