PIRELLI UK TYRES LIMITED
Company number: 02622111
Reporting period:
1 July 2021 to 31 December 2021
Report filed on:
15 February 2022
Approved by:
Eduardo Nogueira
Payment statistics
Average time taken to pay invoices: 61 days
Invoices paid:
- within 30 days: 11%
- in 31 to 60 days: 54%
- in 61 days or more: 35%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 31%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
90 days
Standard payment terms
Terms are negotiated on a vendor by vendor basis . However circumstances or events may arise that require use of alternative terms to those agreed in the standard contract.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
120 days
Not applicable
Any other information about payment terms
Not applicable
Dispute resolution process
For Pirelli standard contracts we will attempt to resolve any dispute, in the first instance with negotiations between the authorised representatives of each of the parties. This process will also apply where there are alternative arrangements in place. The authorised representative will be the supplier's main contact with Pirelli for the relative arrangements.
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 Fair 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