PLASTIC OMNIUM AUTOMOTIVE LIMITED
Company number: 03275572
Reporting period:
1 January 2024 to 30 June 2024
Report filed on:
27 September 2024
Approved by:
Guillaume Ebner
Payment statistics
Average time taken to pay invoices: 58 days
Invoices paid:
- within 30 days: 15%
- in 31 to 60 days: 67%
- in 61 days or more: 18%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 55%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
115 days
Standard payment terms
Standard terms are 60 days from date of invoice matching those of the sector in which we operate.
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
115 days
Very rare and only when agreed with selected EU-based suppliers accustomed to longer terms
Any other information about payment terms
N/A
Dispute resolution process
Disputes/complaints are to be firstly addressed to the respective buyer. Matters would be escalated where appropriate.
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.
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