AUTONEUM GREAT BRITAIN LIMITED

Company number: 02248334

Reporting period:
1 January 2022 to 30 June 2022

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This report was filed on 27 July 2022

and approved by Mark Holt

Payment statistics

Average time taken to pay invoices: 21 days

Invoices paid:

• within 30 days: 83%
• in 31 to 60 days: 8%
• in 61 days or more: 9%

Invoices due but not paid within agreed terms: 64%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

90 days

Standard payment terms

30 days - for indirect suppliers 60 days - for direct suppliers

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

90 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

For direct material suppliers, all disputes are referred to our web based system SDS, in which the nature and consequences of the dispute are outlined. The supplier is required to respond in terms of acceptance of the dispute root cause and the associated financial consequences. On agreement by all parties, a credit note will be issued by the supplier. For indirect suppliers, no formal SDS system exists. Rather, communication channels are opened regarding the nature of the dispute and financial consequences agreed upon.

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