Company number: 01075951
and approved by Paul Kiely
Average time taken to pay invoices: 48 days
Invoices paid:
Invoices due but not paid within agreed terms: 23%
45 days
60 days
Adidas UK LTD's standard payment terms for the majority of its suppliers are 60 days from the date on which the invoice was received.
Answer not provided
N/A
60 days
Currently our way of working does not consider the length of time taken for payment to clear into the supplier's bank account. If we exclude the assumption of how long it takes funds to clear, we would move to 16% of invoices not paid within the agreed terms. We are considering changes in our process to take this into account.
N/A
Adidas UK LTD advises that all invoices must contain a Purchase order number which is given to suppliers by our procurement team once the order is approved. This purchase order contains a section that details whom to contact with queries and the email address aukaccountspayable@adidas.com
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No