EMC EUROPE LIMITED
Company number: 00990752
Reporting period:
31 July 2021 to
28 January 2022
This report was filed on 24 February 2022
and approved by Richard Rawcliffe
Payment statistics
Average time taken to pay invoices: 43 days
Invoices paid:
- within 30 days: 47%
- in 31 to 60 days: 40%
- in 61 days or more: 13%
Invoices due but not paid within agreed terms: 2%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
80 days
Standard payment terms
The company’s most frequently used terms during the reporting period were: Net 30 days, Net 45 days, Net 60 days, Net 80 days, and Immediate (Net 0 days). Net Terms: Payments are processed by a daily payment batch following 30/45/60/80 days (per terms) from the invoice received date.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
80 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
In the event of a dispute between a vendor and the company, the vendor can contact the accounts payable department, or business partner who can raise an incident. The accounts payable department will work to address and resolve the issue. If the matter remains unresolved, it will be escalated to company management, with ultimate redress to applicable courts.
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, 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.
Yes
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