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CARLISLE FLUID TECHNOLOGIES UK LIMITED

Company number: 07656273

Reporting period:
1 January 2022 to 30 June 2022

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This information is as reported by the business, and responses are in their own words.

This report was filed on 1 September 2022

and approved by Ian Reid

Payment statistics

Average time taken to pay invoices: 40 days

Invoices paid:

• within 30 days: 56%
• in 31 to 60 days: 44%
• in 61 days or more: 0%

Invoices due but not paid within agreed terms: 3 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

90 days

Standard payment terms

Range of payment terms. We have vendors who are 0 days/proforma, while majority are 30-60 days, depends on credit terms offered by vendor

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

90 days

NA

Any other information about payment terms

NA

Dispute resolution process

If an invoice can not be matched against receipted items on the ERP system, the invoice will be placed on hold while the issue is investigated internally with Goods In and Purchasing. If this resolves the issues the invoice will be released and processed for payment. If the internal investigation doesn't resolve the issue the vendor will be contacted to investigate their end. Once resolved with the vendor which may result in a credit memo, additional shipment etc. the invoice will be removed from hold and processed. If as a result of the investigation the invoice is beyond terms, it will be processed in the next payment batch

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

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