BÜHLER UK LIMITED
Company number: 00434274
Reporting period:
1 July 2024 to 31 December 2024
Report filed on:
4 February 2025
Approved by:
Clementinah Adegbite
Payment statistics
Average time taken to pay invoices: 31 days
Invoices paid:
- within 30 days: 68%
- in 31 to 60 days: 30%
- in 61 days or more: 2%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 2%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
We have several different payment terms with our suppliers. Our shortest payment term is immediate and our longest payment term is 60 days end of month. This is dependant on the type of supply. Immediate terms usually apply to one off suppliers where we need to order specific parts in a short space of time and for Freight invoices where we have been charged for VAT and duty. Usual standard term is 30 days as this is our most frequent term. We also have 14 day payment terms which would apply to services that are used frequently for flights and hotel bookings
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
Supplier invoice disputes are handled by our accounts payables team. Queries should be emailed to us bukl.accounts@buhlergroup.com
The reason for non payment is communicated to our internal buying department or purchasing team, via our internal workflow email process. Buyers check the reason for the discrepancy and contact the supplier directly. The invoice remains on hold until the approval from the buyer
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