ELECTRO-MOTIVE DIESEL LIMITED
Company number: 05910666
Reporting period:
1 January 2022 to 31 March 2022
Report filed on:
29 July 2022
Approved by:
Helen Shaw
Payment statistics
Average time taken to pay invoices: 42 days
Invoices paid:
- within 30 days: 16%
- in 31 to 60 days: 70%
- in 61 days or more: 14%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 23%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Electro-Motive Diesel Ltd's Standard payment terms are 30 days from receipt of invoice unless alternative payment terms are contracrually agreed (i.e. 14 days/60 days).
Our standard payment terms during the reporting period have changed, for new suppliers the maximum terms are 60 days.
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
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Where a vendor needs to query an invoice for payment, they will first need to either:
contact the buyer directly or; contact our accounts payable team by phone or by email (apemdl@PROGRESSRAIL.com)
and this will be investigated as applicable with a view to responding ASAP.
Where an invoice is received but not paid within EMD’s standard terms, this will be because the invoice is in query/dispute.
In this instance the AP team will not post the invoice and will forward the relevant query (i.e. price query/receipting query)
to the person responsible for the purchase order or the AP team will reach out to the supplier if further information is required.
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