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CARLISLE FLUID TECHNOLOGIES UK LIMITED

Company number: 07656273

Reporting period:
1 January 2023 to 30 June 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 24 August 2023

and approved by Ian Reid

Payment statistics

Average time taken to pay invoices: 30 days

Invoices paid:

• within 30 days: 62%
• in 31 to 60 days: 37%
• in 61 days or more: 1%

Invoices due but not paid within agreed terms: 1 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

90 days

Standard payment terms

Depends on credit period offered by supplier, some no credit terms/prepayment, a few upto 90 days. Majority are 30 days

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

Inventory - if there not a matching receipt on the ERP system, invoice will be put on hold and queried with Goods In & Purchasing. If resolved invoice will be taken off hold, matched against receipted item and paid. If no resolved, vendor will be contacted to investigate their end. May result in a CM, additional shipment etc. If due to the investigation the invoice becomes overdue, when it is resolved the invoice will be paid on the next payment run (bi-monthly)

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