ALIAXIS UK LIMITED

Company number: 01698059

Reporting period:
1 July 2023 to 31 December 2023

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This report was filed on 15 February 2024

and approved by Paul Duggan

Payment statistics

Average time taken to pay invoices: 51 days

Invoices paid:

• within 30 days: 14%
• in 31 to 60 days: 58%
• in 61 days or more: 29%

Invoices due but not paid within agreed terms: 57%

Payment terms

Shortest standard payment periods

60 days

Longest standard payment period

90 days

Standard payment terms

Aliaxis UK Ltd pays approved invoices from suppliers in accordance with the commercial terms agreed with each supplier. Standard payment terms are where the Purchase Terms & Conditions of the Company apply and are the end of month of the invoice + two months. Variations to these terms are only by agreement with the supplier. Discounts offered for early payment are usually taken.

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

110 days

n/a

Any other information about payment terms

N/A

Dispute resolution process

In the event of a dispute regarding delivery of goods, price, payment terms or any other reason for a real or apparent delay to payment, in the first instance the requisitioner of the goods or service will seek to resolve the matter with the supplier. In the great majority of cases this leads to resolution of the matter. However, in the event that agreement cannot be reached in this way, the matter is escalated to a senior member of UK Procurement to communicate with the supplier in good faith with the intention of reaching an amicable solution. When appropriate, the supplier will be invited, at a time of their convenience, to meet with the Head of UK Procurement who will use all reasonable endeavours to resolve the matter.

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