LENOVO TECHNOLOGY (UNITED KINGDOM) LIMITED
Company number: 04912819
Reporting period:
1 April 2018
to 30 September 2018
This report was filed on 19 November 2018
and approved by Gareth Holton
Payment statistics
Average time taken to pay invoices: 26 days
Invoices paid:
- within 30 days: 72%
- in 31 to 60 days: 24%
- in 61 days or more: 4%
Invoices due but not paid within agreed terms: 44 %
Payment terms
Standard payment period for qualifying contracts
60 days
Standard payment terms
Upon Lenovo's request, Supplier will issue invoices electronically and also comply with any local country requirement for tangible invoice forms. Unless this PO states otherwise, payment will be due net sixty (60) days after Lenovo receives Supplier's valid invoice. Lenovo shall make a single monthly payment for all payable invoices that have become due. Supplier's invoice will list the quantity of products and/or services purchased, reference this PO number, and, if applicable, the Lenovo agreement under which the products and/or services are being purchased under
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
Accounts payable team will deal with individual cases. They will supported by the procurement team if required.
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