BÜHLER UK LIMITED
Company number: 00434274
Reporting period:
1 January 2022 to 30 June 2022
Report filed on:
26 July 2022
Approved by:
Clemens Andree
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 62%
- in 31 to 60 days: 36%
- in 61 days or more: 2%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 2%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
Buhler UK Ltd has several different payment terms with our suppliers. The shortest payment term is immediate and the longest payment term is 60 days end of month. This is dependant on the type of supply. Immediate terms usually apply to one off suppliers where we need to order specific parts in a short space of time and for Freight invoices where we have been charged for VAT and duty. Usual standard term is 30 days as this is our most frequent term. We also have 14 day payment terms which would apply to services that are used frequently for flights and hotel bookings
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
60 days
N/A
Any other information about payment terms
NA
Dispute resolution process
Supplier invoice disputes are handled by the accounts payables team with support from the purchasing team. The supplier will be contacted after receipt of invoice to clarify the disputable invoice.
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.
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