BOSCH THERMOTECHNOLOGY LTD
Company number: 01993294
Reporting period:
1 July 2022
to 31 December 2022
This report was filed on 11 January 2023
and approved by Shaun Mansbridge
Payment statistics
Average time taken to pay invoices: 33 days
Invoices paid:
- within 30 days: 63%
- in 31 to 60 days: 31%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 26 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
30 days from receipt of invoice
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
60 day payment terms agreements are in place however no suppliers with these terms required payment in this period
Any other information about payment terms
N/A
Dispute resolution process
All queries and disputes relating to payments are handled by our accounts payable teams. When opening an account with a supplier, we issue the supplier with the contact email address of their accounts payable contact. In the first instance, the supplier should contact their accounts payable contact via this email. The accounts payable contact would aim to deal promptly with the dispute.
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.
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