ATLAS ELEKTRONIK UK LIMITED
Company number: 05582639
Reporting period:
1 October 2021
to 31 March 2022
This report was filed on 27 April 2022
and approved by Claire Evans
Payment statistics
Average time taken to pay invoices: 40 days
Invoices paid:
- within 30 days: 29%
- in 31 to 60 days: 65%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 21 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms are 30 days net end of month therefore the maximum payment period can be 60 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Based on 30 days net end of month standard payment terms the payment period can be up to 60 days depending on the date invoiced.
Any other information about payment terms
N/A
Dispute resolution process
Establish a mutual timeframe to determine a resolution in which a letter or detailed email must be sent. Where a mutual agreement cannot be reached within a reasonable timeframe an association or arbitrator can be contacted to support resolution.
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