AVL UNITED KINGDOM LIMITED
Company number: 01067795
Reporting period:
1 July 2023 to 31 December 2023
Report filed on:
13 June 2024
Approved by:
Antonio Ciriello
Payment statistics
Average time taken to pay invoices: 61 days
Invoices paid:
- within 30 days: 29%
- in 31 to 60 days: 46%
- in 61 days or more: 25%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 53%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
90 days
Standard payment terms
30 Days end of month
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
n/a
Any other information about payment terms
n/a
Dispute resolution process
We have a documented internal workflow. Disputes are pushed to the requisitioner to resolve. We use SAP and expect purchase orders in the majority of qualifying contracts. Once resolved PO's will be amended and booked in which will release invoices for payment. We aim to resolve disputes as soon as possible. Certainly before any due date to agreed invoicing terms is reached.
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 Fair 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