| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2024 - 31 Dec 2024 | 16 Jan 2025 | 42 | 53% | 27% | 20% | 89% |
| 01 Jan 2024 - 30 Jun 2024 | 09 Jul 2024 | 69 | 47% | 23% | 30% | 90% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 48 | 36% | 40% | 24% | 93% |
| 01 Jan 2023 - 30 Jun 2023 | 21 Jul 2023 | 40 | 39% | 47% | 15% | 91% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 46 | 54% | 31% | 15% | 92% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 35 | 58% | 29% | 13% | 90% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 39 | 43% | 46% | 11% | 90% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 53 | 39% | 47% | 14% | 90% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Jul 2020 | 51 | 55% | 29% | 16% | 91% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 33 | 61% | 28% | 11% | 93% |
| 01 Jan 2019 - 30 Jun 2019 | 08 Jul 2019 | 39 | 59% | 28% | 13% | 84% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 35 | 57% | 31% | 12% | 76% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 37 | 59% | 26% | 15% | 78% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The company does not use standard payment terms but has preferred payment terms of 60 days when negotiating qualifying contracts.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Invoice disputes should be referred, in the first instance, to the individual in the company who was responsible for procuring the goods or services in question. If this cannot be resolved, typically the parties are obliged to escalate the dispute to senior representatives of the parties who shall use their reasonable endeavours to resolve the dispute in good faith. Once resolved the invoice will go on the payment run in accordance with payment terms. If resolved after payment due date the invoice will go on the next payment run.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
INTERTEK INTERNATIONAL LIMITED is a leading provider of quality assurance, testing, inspection and certification services. Based in London, the company operates globally and has a strong commitment to sustainability and environmental responsibility.
The company offers a range of services including testing and analysis of products, auditing and certification of management systems, and inspection of goods and commodities. These services are utilized by a diverse range of industries including consumer goods, automotive, chemical, and food.
INTERTEK INTERNATIONAL LIMITED places a strong emphasis on sustainability and has implemented a number of initiatives to reduce its environmental impact. This includes using green energy sources, recycling waste, and promoting sustainable practices throughout its operations.
The company also offers sustainability testing and certification services to help businesses meet environmental standards and regulations. This includes verifying carbon footprints, energy efficiency, and sustainable sourcing of products.
Key people in the company include CEO André Lacroix and Chairman David E. Reid. The company has over 46,000 employees worldwide and serves clients in over 100 countries.
For more information on INTERTEK INTERNATIONAL LIMITED and its services, you can visit their website at www.intertek.com. The registered office address is 33 Cavendish Square, London, W1G 0PW, United Kingdom.
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