PHINIA DELPHI UK LTD
Company number: 03870587
Reporting period:
1 July 2024 to 31 December 2024
Report filed on:
22 January 2025
Approved by:
KYTE, James Michael
Payment statistics
Average time taken to pay invoices: 69 days
Invoices paid:
- within 30 days: 8%
- in 31 to 60 days: 42%
- in 61 days or more: 50%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 8%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
90 days
Standard payment terms
most of the vendors with 90 days term, but we have shorter terms for some vendors due to changed circumstances
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Price variance- reported to Buyers and Po owners to negotiate with vendors, based on credit notes or approval from purchasing manager the invoices get released for payment. If there is quantity variance, this is reported to material planners/Po owners and payment is made only following the issue is resolved
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, 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?
Yes
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
Yes