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Company number: 00542141

Reporting period:
1 October 2022 to 31 March 2023

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

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:

Invoices due but not paid within agreed terms: 0 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

30 days from date of invoice

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


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.


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.


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.


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?


During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?