SGL CARBON FIBERS LIMITED

Company number: SC078081

Reporting period:
1 January 2022 to 30 June 2022

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This report was filed on 14 July 2022

and approved by Stephen Easton

Payment statistics

Average time taken to pay invoices: 49 days

Invoices paid:

• within 30 days: 10%
• in 31 to 60 days: 75%
• in 61 days or more: 15%

Invoices due but not paid within agreed terms: 83%

Payment terms

Shortest standard payment periods

45 days

Longest standard payment period

Answer not provided

Standard payment terms

Standard contractual length of payment of invoice is 30 days end of month (average is therefore 45 days approx) – New suppliers the aim is 60 days if they are in agreement

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

120 days

Maximum contractual payment period is 120 days after goods shipment (and is with a 3rd party raw material supplier). These payment terms were negotiated with the supplier during the contract renewal phase

Any other information about payment terms

The business has not changed all its standard payment terms during the period other than negotiating where possible 60 days for new suppliers & for a proportion of existing suppliers.

Dispute resolution process

The Company is committed to working with suppliers to resolve any disputes or complaints. Queries should be directed to our Accounts Payable team in the first instance, who will enlist the support of our Supply Chain team where necessary to ensure a satisfactory 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, 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