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ALSTOM TRANSPORT UK LIMITED

Company number: 08462831

Reporting period:
1 October 2022 to 31 March 2023

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

This report was filed on 26 April 2023

and approved by Stuart MacLeod

Payment statistics

Average time taken to pay invoices: 55 days

Invoices paid:

• within 30 days: 23%
• in 31 to 60 days: 38%
• in 61 days or more: 39%

Invoices due but not paid within agreed terms: 39 %

Payment terms

Shortest standard payment period

28 days

Longest standard payment period

60 days

Standard payment terms

The Company’s standard payment terms are 60 days from the end of the month in which an undisputed invoice is received. Deviations from standard payment terms are agreed on a case by case basis subject to negotiation and agreement as part of a wider suite of commercial conditions.

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

No

Maximum contractual payment period agreed

90 days

Any other information about payment terms

N/A

Dispute resolution process

Alstom seeks to satisfactorily resolve any queries as quickly as possible prior to payment being made. Invoices received which cannot be processed due to errors, and/or missing/inaccurate information are passed to the relevant internal stakeholders for resolution, which would escalate to departmental heads as required.  In the event that this process cannot satisfactorily resolve the dispute, the matter would be subject to the dispute resolution conditions defined in the relevant agreement.

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.

Yes – Network Rail's Fair Payment Charter

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