DRAEGER SAFETY UK LTD

Company number: 00777464

Reporting period:
1 January 2023 to 31 December 2023

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

This report was filed on 6 March 2024

and approved by Matthew Bedford

Payment statistics

Average time taken to pay invoices: 60 days

Invoices paid:

within 30 days: 41%
in 31 to 60 days: 40%
in 61 days or more: 19%

Invoices due but not paid within agreed terms: 32%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

60 days

Standard payment terms

Draeger’s standard supplier payment terms are 60 days (unless agreed otherwise)

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

60 days

No further comment provided

Any other information about payment terms

85% of invoices were paid within 10 days of their original due date. Query delays not factored in extending payment terms for time resolve

Dispute resolution process

Any queries or disputes about payment terms should be directed to: Purchasing Department, Draeger Safety UK Ltd, Ullswater Close, Blyth NE24 4RG

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?