CARLISLE FLUID TECHNOLOGIES UK LIMITED
Company number: 07656273
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
30 July 2018
Approved by:
Dave Smith
Payment statistics
Average time taken to pay invoices: 43 days
Invoices paid:
- within 30 days: 17%
- in 31 to 60 days: 76%
- in 61 days or more: 7%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 7%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
Range from 0 days (payment of proforma invoices before receiving the goods/services) to 60 days. Dependent upon the terms offered by the vendor.
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
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Invoices for Inventory: If an invoice can not be matched against receipted items on the ERP system, the invoice will go on 'hold' while the matter is investigated internally with Goods In & Purchasing. If this resolves the issue the invoice will be released and processed for payment. If the internal investigation doesn't resolve the issue contact will be made with the vendor regarding the problem (i.e. missing delivery, short shipment, price etc.) Once resolved with the vendor which could result in a credit memo, additional shipment etc. the invoice will be released and processed for payment. If as a result of the investigation the invoice goes beyond terms, the invoice will be included within the next payment run. Invoices for Expensed Items: If there is a query regarding an expensed invoice the budget holder will place the invoice on hold and contact the vendor. Once resolved, the budget holder will release and approve the invoice for payment.
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.
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