Company number: 02235994
and approved by Peter Broadley
Average time taken to pay invoices: 71 days
Invoices paid:
Invoices due but not paid within agreed terms: 57%
7 days
210 days
Our general standard terms are 60 days from date of submission of satisfactory invoice. The longest standard payment terms of 210 are for 22 suppliers with negotiated payment terms to which Alstom pays interest for the extension.
Answer not provided
N/A
210 days
Alstom Engineering and Services Ltd has 22 large volume suppliers with whom we have negotiated extended payment terms of 210 or in two cases 240 days to which Alstom Engineering and Services Ltd pays interest on the extension period. Alstom Engineering and Services Ltd uses a bank as a paying agent for the suppliers with this bank in turn providing these suppliers with an invoicing discounting facility allowing the supplier to get paid at their convenience. Without the extended payment terms for these suppliers the average number of days to make payment would be 71 days.
N/A
The company is committed to dealing with its suppliers in a fair, honest and professional manner while seeking best vale for the business. Alstom seeks to satisfactorily resolve any queries as quickly as possible prior to the payment being made. In the event that a dispute cannot be resolved by our Accounts Payable team, it would be escalated in the first instance to the relevant Head of Department to seek a resolution. In the event that it is still not resolved, the dispute would be referred to the Centre for Effective Dispute Resolution (CEDR).
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
Yes
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
No
No