PRIMETALS TECHNOLOGIES, LIMITED
Company number: 09155890
Reporting period:
1 October 2021 to 31 March 2022
Report filed on:
3 May 2022
Approved by:
Massimo Rotti
Payment statistics
Average time taken to pay invoices: 59 days
Invoices paid:
- within 30 days: 24%
- in 31 to 60 days: 43%
- in 61 days or more: 33%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 28%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
120 days
Standard payment terms
We try to achieve one payment run a month of which the earliest is the 15th of the following month or the latest the 15th of the 3rd month after the month of the ionvoice received.
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
150 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Disputes are forwarded to SCM who are in charge of setting up the contractula terms with suppliers.
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.
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.
Yes
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