| 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 Jan 2019 - 30 Jun 2019 | 09 Oct 2019 | 72 | 10% | 15% | 75% | 87% |
| 01 Jan 2018 - 31 Dec 2018 | 30 Jan 2019 | 107 | 5% | 17% | 78% | 90% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 78 | 3% | 15% | 83% | 92% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
standard payment terms are listed in in the company terms and conditions as 60 days end of month. These terms can sometimes be negotiated according to the supplier,customer relationship
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
81
Dispute resolution is accomplished via the accounts department or directly with sourcing.
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.
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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.
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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
Flakt Woods Limited is a long-established UK manufacturing company, incorporated in 1928 and based in Colchester, Essex. Its registered business activities cover machining and the manufacture of non-domestic cooling and ventilation equipment. The entity operates as part of FläktGroup, an international air technology business that designs and produces HVAC systems, air handling units and related cooling solutions for commercial, industrial and data centre applications, and which is now part of the Samsung Electronics group. FläktGroup's UK operations, including this company, contribute to the group's manufacturing and servicing of ventilation and cooling equipment, though group-wide turnover, staffing and international activities belong to FläktGroup rather than to this individual registered entity.
Generated from the company's website and Companies House records. Sources: flaktgroup.com · flaktgroup.com