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CARLISLE FLUID TECHNOLOGIES UK LIMITED

Company number: 07656273

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 Dave Smith

Payment statistics

Average time taken to pay invoices: 43 days

Invoices paid:

• within 30 days: 17%
• in 31 to 60 days: 76%
• in 61 days or more: 7%

Invoices due but not paid within agreed terms: 7 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

60 days

Standard payment terms

Range from 0 days (payment of proforma invoices before receiving the goods/services) to 60 days. Dependent upon the terms offered by the vendor.

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

No

Maximum contractual payment period agreed

60 days

Any other information about payment terms

N/A

Dispute resolution process

Invoices for Inventory:
If an invoice can not be matched against receipted items on the ERP system, the invoice will go on 'hold' while the matter is investigated internally with Goods In & Purchasing. If this resolves the issue the invoice will be released and processed for payment. If the internal investigation doesn't resolve the issue contact will be made with the vendor regarding the problem (i.e. missing delivery, short shipment, price etc.) Once resolved with the vendor which could result in a credit memo, additional shipment etc. the invoice will be released and processed for payment. If as a result of the investigation the invoice goes beyond terms, the invoice will be included within the next payment run.

Invoices for Expensed Items:
If there is a query regarding an expensed invoice the budget holder will place the invoice on hold and contact the vendor. Once resolved, the budget holder will release and approve the invoice for payment.

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