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Company number: 00155621

Reporting period:
1 July 2023 to 31 December 2023

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

This report was filed on 30 January 2024

and approved by Daniel Quartey

Payment statistics

Average time taken to pay invoices: 73 days

Invoices paid:

Invoices due but not paid within agreed terms: 28 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

120 days

Standard payment terms

Eaton shall pay invoices within one hundred and twenty (120) days, or other period agreed in writing, from the first batch processing date, after Eaton's receipt of a correct invoice, and the Parties expressly agree to such payment terms. When the Parties are not permitted to agree to payment terms in excess of local legislation, a shorter payment period may be applicable.

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

Yes – Our Eaton PO terms include the batched pay period

Were suppliers notified or consulted about these changes before they were made?

Yes – Yes - we wrote to the Suppliers confirming these changes

Maximum contractual payment period agreed

120 days

Any other information about payment terms


Dispute resolution process

Supplier queries should be addressed to Queries are allocated a case number and are targeted to be answered within 3 working days. The AP team may seek support for resolution of disputes from the relevant buyer or site contact as appropriate.

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?