GE CALEDONIAN LIMITED

Company number: SC064580

Reporting period:
1 July 2018 to 31 December 2018

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

This report was filed on 30 January 2019

and approved by Scott Watters

Payment statistics

Average time taken to pay invoices: 38 days

Invoices paid:

within 30 days: 54%
in 31 to 60 days: 22%
in 61 days or more: 24%

Invoices due but not paid within agreed terms: 67%

Payment terms

Shortest standard payment periods

90 days

Longest standard payment period

120 days

Standard payment terms

For Both Indirect and Direct any UK domestic payment terms >90 days are with Large Suppliers agreed under separate contract terms.

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

120 days

Any domestic payment terms >90 days are with Large Suppliers agreed under separate contract terms. 120 days apply to International Suppliers

Any other information about payment terms

N/A

Dispute resolution process

Accounts Payable escalate any disputes to sourcing team who engage supplier to establish agreed term

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.

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?