SGL CARBON FIBERS LIMITED
Company number: SC078081
Reporting period:
1 January 2023 to
30 June 2023
This report was filed on 4 August 2023
and approved by Stephen Easton
Payment statistics
Average time taken to pay invoices: 53 days
Invoices paid:
- within 30 days: 11%
- in 31 to 60 days: 62%
- in 61 days or more: 27%
Invoices due but not paid within agreed terms: 79%
Payment terms
Shortest standard payment periods
45 days
Longest standard payment period
60 days
Standard payment terms
Standard contractual length of payment of invoice is 30 days end of month (average is therefore 45 days approx) - New suppliers the aim is 60 days if they are in agreement
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
120 days
Maximum contractual payment period is 120 days after goods shipment (and is with a 3rd party raw material supplier). These payment terms were negotiated with the supplier during the contract renewal phase.
Any other information about payment terms
The business has not changed all its standard payment terms during the period other than negotiating where possible 60 days for new suppliers and for a proportion of existing suppliers.
Dispute resolution process
The company is committed to working with suppliers to resolve any disputes or complaints. Queries should be directed to our Accounts Payable team in the first instance, who will enlist the support of our Supply Chain team where necessary to ensure a satisfactory resolution.
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, 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