Company number: 02923485
and approved by Nichola Bramley
Average time taken to pay invoices: 58 days
Invoices paid:
Invoices due but not paid within agreed terms: 57%
1 days
120 days
It is the Company policy to agree appropriate terms of payment with suppliers for each transaction or series of transactions. Our general standard terms are 65 days following the month in which a satisfactory invoice is submitted.
Answer not provided
N/A
120 days
No further comment provided
N/A
The Company is committed to dealing with its suppliers in a fair, honest and professional manner while seeking best value for the business. We seek to resolve queries as quickly as possible to everyone’s satisfaction prior to payment being made. In the event that a dispute cannot be resolved by our Accounts Payable team, Wabtec UK Limited follows an established escalation process with Finance / Procurement leads who work to resolve any outstanding dispute.
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.
No
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