QIOPTIQ LIMITED
Company number: 00876004
Reporting period:
1 July 2024 to 31 December 2024
Report filed on:
8 January 2025
Approved by:
Peter White
Payment statistics
Average time taken to pay invoices: 37 days
Invoices paid:
- within 30 days: 38%
- in 31 to 60 days: 59%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 16%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
Answer not provided
Standard payment terms
Unless otherwise agreed in writing, Qioptiq Limited ("Qioptiq") will pay for third party goods or services, within 60 days of receipt of a correct, undisputed and properly due VAT invoice, such invoice to be provided by the supplier within the time contractually agreed with Qioptiq. Invoices must generally state: the contact details of the Qioptiq point of contact; the relevant purchase order number; the period to which the invoice relates; the Supplier's bank account for payment; all charges and applicable taxes, and a description of the services/products. Qioptiq may set off amounts owing to it by the supplier, and if Qioptiq has a bona fide dispute relating to all or some of the supplier's invoices, Qioptiq may withhold payment of the disputed amount, pending resolution of the dispute.
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
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
The general procedure for resolving disputes involves Qioptiq’ procurement point of contact and the supplier's representative attempting to address the issue first. Suppliers can also contact Qioptiq's dedicated accounts payable team via email (Purchase.Ledger@uk.excelitas.com). Both parties typically aim to resolve disputes quickly, often involving senior Qioptiq managers when necessary, and in line with the contract's terms.
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