Published reports

HENKEL LIMITED

Company number: 00215496

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 July 2019 to 31 December 2019

Report filed on:

12 February 2020

Approved by:

Peter Budden

Payment statistics

Average time taken to pay invoices: 60 days

Invoices paid:

within 30 days: 29%
in 31 to 60 days: 22%
in 61 days or more: 50%

Late and disputed:

payments due in the reporting period which have not been paid within the agreed period: 11%

Payment terms

Shortest standard payment periods

80 days

Longest standard payment period

110 days

Standard payment terms

End of month 60 days payable on 5th of following month

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

170 days

End of Month 150 days payable on 5th of following month

Any other information about payment terms

N/A

Dispute resolution process

All suppliers are referred to the Henkel Supplier Portal (ticketing system). Each supplier has full access to their account. If there is a query then the supplier raises a ticket. The Henkel Finance department responds to the ticket within 5 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.

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?