CARL ZEISS LTD
Company number: 00542141
Reporting period:
1 October 2022 to
31 March 2023
This report was filed on 16 January 2024
and approved by Paul Adderley
Payment statistics
Average time taken to pay invoices: 25 days
Invoices paid:
- within 30 days: 76%
- in 31 to 60 days: 23%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
30 days from date of invoice
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
60 days
Payments are processed on due date but are assumed to take 3 days to clear. Payments are assumed to take 3 days to be recorded on the ledgers.
Any other information about payment terms
It is Zeiss process to pay all invoices consistent with the payment terms. The only issues would be disputes or admin errors like not booking the goods in. Both these cases are minimal. We have a significant value of invoices paid by direct debits.
Dispute resolution process
Disputes are minimal and are nearly all resolved within the finance department on an adhoc basis
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