NUMATIC INTERNATIONAL LIMITED
Company number: 00773331
Reporting period:
1 July 2024 to
31 December 2024
This report was filed on 10 February 2025
and approved by S B Whitlock
Payment statistics
Average time taken to pay invoices: 43 days
Invoices paid:
- within 30 days: 29%
- in 31 to 60 days: 53%
- in 61 days or more: 18%
Invoices due but not paid within agreed terms: 89%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
Default terms are 60 days, however many different terms apply depending on the nature of supply and negotiation with the supplier. During this reporting period, 32 different terms applied.
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
Most payments are made weekly, in the week following the due date. Consequently, within the statistic that 89% invoices are paid "late", 90% of there invoices were paid within 7 days of the due date.
Any other information about payment terms
N/A
Dispute resolution process
Disputes may be raised with the procurement team, or the accounts payable supervisor. Resolution expected within 30 days.
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No