HITACHI AUTOMOTIVE SYSTEMS UK LTD.
Company number: 03302684
Reporting period:
1 April 2018
to 30 September 2018
This report was filed on 22 November 2018
and approved by S Gupta
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 54%
- in 31 to 60 days: 33%
- in 61 days or more: 13%
Invoices due but not paid within agreed terms: 13 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
Three payment terms 30 days date of invoice 30 days net month end 60 days.Normally we pay to supplier standard terms.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Supplier sent invoices through late.
Any other information about payment terms
N/A
Dispute resolution process
1 We opreate PO and GRN for services and goods.2 Operate 3 way match for quantity if problem request Signed delivery note.3 Problem with price request quotation.HAS UK has never had an unesolved issue.
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.
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?
Yes
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No