SCANIA FINANCE GREAT BRITAIN LIMITED

Company number: 02173954

Reporting period:
1 July 2023 to 31 December 2023

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This report was filed on 12 February 2024

and approved by Siobhan Tulinski

Payment statistics

Average time taken to pay invoices: 73 days

Invoices paid:

• within 30 days: 88%
• in 31 to 60 days: 4%
• in 61 days or more: 8%

Invoices due but not paid within agreed terms: 62%

Payment terms

Shortest standard payment periods

1 days

Longest standard payment period

30 days

Standard payment terms

SFGB does not use standard payment terms. Instead we try our best to adhere to the payment terms set out by the supplier, as seen on their invoice. The most frequent term we encounter is 30 days from receipt of invoice, while a smaller proportion of suppliers use 14 or 7 days.

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

30 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Complaints should be sent to either the suppliers contact at Scania Finance Great Britain, or accounts.sfgb@scania.com , where their concern will be dealt with by the Accounts Assistant overseeing the Purchase Ledger. A payment missed due to an administrative error will usually be rectified and paid to the supplier within 7 days. A dispute will be passed on to the appropriate department, who will contact the supplier to resolve the issue.

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