ALSTOM ENGINEERING AND SERVICES LIMITED
Company number: 02235994
Reporting period:
1 October 2024 to 31 March 2025
Report filed on:
22 May 2025
Approved by:
Rajesh Kumar
Payment statistics
Average time taken to pay invoices: 62 days
Invoices paid:
- within 30 days: 22%
- in 31 to 60 days: 24%
- in 61 days or more: 54%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 32%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
The Company’s standard payment terms are 60 days from the end of the month in which an undisputed invoice is received. Deviations from standard payment terms are agreed on a case by case basis subject to negotiation and agreement as part of a wider suite of commercial conditions
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
240 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
Alstom seeks to satisfactorily resolve any queries as quickly as possible prior to payment being made. Invoices received which cannot be processed due to errors, and/or missing/inaccurate information are passed to the relevant internal stakeholders for resolution, which would escalate to departmental heads as required. In the event that this process cannot satisfactorily resolve the dispute, the matter would subject to the dispute resolution conditions defined in the relevant agreement.
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.
Yes
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.
Yes
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