DUPONT (UK) ELECTRONIC MATERIALS LIMITED
Company number: 09623556
Reporting period:
1 January 2018 to
30 June 2018
This report was filed on 19 July 2018
and approved by Stephen Reeve
Payment statistics
Average time taken to pay invoices: 59 days
Invoices paid:
- within 30 days: 7%
- in 31 to 60 days: 43%
- in 61 days or more: 50%
Invoices due but not paid within agreed terms: 60%
Payment terms
Shortest standard payment periods
60 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)Third party invoices Intercompany 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