DUPONT (UK) ELECTRONIC MATERIALS LIMITED

Company number: 09623556

Reporting period:
1 July 2018 to 31 December 2018

---

This report was filed on 23 January 2019

and approved by Stephen Reeve

Payment statistics

Average time taken to pay invoices: 54 days

Invoices paid:

• within 30 days: 14%
• in 31 to 60 days: 44%
• in 61 days or more: 42%

Invoices due but not paid within agreed terms: 68%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

90 days

Standard payment terms

1)Third party invoices o Standard contractual length for payment of invoices: Net 60 days from the invoice date o Maximum contractual payment period: Net 90 days from the receipt of the invoice o Changes to standard payment terms in the reporting period: None 2) Intercompany Invoices o Standard contractual length for payment of invoices: Net 30 days from the invoice date for service invoices and Net 60 days from the invoice date for trade invoices o Maximum contractual payment period: Net 60 days from the receipt of the invoice o Changes to standard payment terms in the reporting period: None

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

The accounts payable department is informed by the invoice resolver of disputes so the payment is put on hold. Disputes are resolved ad hoc by business or functions responsible.

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.

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