GOV.UK
DELL CORPORATION LIMITED
Company number: 02081369
Reporting period:
4 August 2023
to 2 February 2024
This report was filed on 1 March 2024
and approved by Tariq Hussain
Payment statistics
Average time taken to pay invoices: 51 days
Invoices paid:
- within 30 days: 38%
- in 31 to 60 days: 17%
- in 61 days or more: 45%
Invoices due but not paid within agreed terms: 2 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
90 days
Standard payment terms
The company’s most frequently used terms during the reporting period were Net 80 days, EOAP 50, Net 30 , Net 7 & Immediate( Net 0)
Net 80 Terms : Payments are processed by daily payment batch (Monday-Friday), following 80 days from the invoice received/submitted date.
Net 30 Terms: Payments are processed by daily payment batch (Monday – Friday) following 30 days from the invoice received/submitted date.
Net 7 Terms: Payments are processed by daily payment batch (Monday-Friday) following 7 days from the invoice received/submitted date.
Net 0 Terms: Payments are processed by daily payment batch on the following day (Monday-Friday) from the invoice received/submitted date.
EOAP 50: Invoices are accumulated for a period from the 16th day of a calendar month to the 15th day of the next calendar month (the “Accumulation Period”). Payment is processed for invoices daily when due, received during the Accumulation Period net 50 days from the end of the Accumulation Period.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
no
Any other information about payment terms
no
Dispute resolution process
In the event of a dispute between a vendor and the company, the vendor can use an online portal to check the status of their invoice(s) and may directly contact the company business partner managing the account who will escalate the matter to the company accounts payable team. If the matter remains unresolved, the business partner will further escalate to company management, with ultimate redress to applicable courts.
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
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.
Yes
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