Score of 88.55/100 qualifies for PaymentCheck Certification
| 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 2025 - 31 Dec 2025 | 28 Jan 2026 | 20 | 85% | 5% | 10% | 1% |
| 01 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 27 | 82% | 5% | 13% | 2% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 25 | 81% | 5% | 14% | 3% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 25 | 82% | 6% | 12% | 5% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 23 | 85% | 4% | 11% | 5% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 28 | 76% | 9% | 15% | 9% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 26 | 83% | 3% | 14% | 6% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 24 | 83% | 5% | 12% | 5% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 24 | 83% | 6% | 11% | 7% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 26 | 81% | 7% | 12% | 5% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 21 | 86% | 4% | 10% | 5% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 29 | 75% | 10% | 15% | 14% |
| 01 Jan 2019 - 30 Jun 2019 | 22 Jul 2019 | 24 | 87% | 4% | 9% | 5% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 24 | 85% | 6% | 9% | 5% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 26 | 80% | 10% | 10% | 9% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Philips standard Global Payment Terms are 60 or 65 days end of month although deviations can be made from this on a case by case basis with agreement from the business dependent on the nature of the product or service received from suppliers. 81% of payment transactions in the period were intergroup transactions on immediate or under 30 day payment terms. These are typically cleared via cash pooling without transmission of monies. The most frequently used terms of payment on non-intragroup transactions in the period were as follows: Immediate 3% within 30 days of document date 12% within 60 days of document date 70% within 90 days of document date 6% Other 0%
Were there any changes to the standard payment terms in the reporting period?
Philips standard Global Payment Terms are 60 or 65 days end of month although deviations can be made from this on a case by case basis with agreement from the business dependent on the nature of the product or service received from suppliers. These may be changed after consultation and agreement with suppliers in the ordinary course of business.
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
120
In case of payment queries suppliers should contact the Vendor Query Team (VQ) based on the appropriate business unit advised per the provided Purchase Order as follows: vq.respironics.uk@philips.com (For Business Units RIU2, RIU3) VQ.CL.UK@philips.com (For Business Units GB11, GB59, GB71) VQ.HC.UK@philips.com (For Business Units GB90, GB9A, GBY1) VQ teams will check the status of the invoice and take an action according to the results. In case of escalation they reach out to a Payment and Purchasing team specialist who will liaise with Finance for approval.
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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
PHILIPS ELECTRONICS UK LIMITED is a subsidiary of the Dutch multinational company, Philips, and is one of the leading electronics companies in the UK. The company is focused on delivering innovative and sustainable products and services to its customers.
The sustainability program of PHILIPS ELECTRONICS UK LIMITED is a key aspect of its operations. The company is committed to reducing its carbon footprint and promoting eco-friendly practices. It has set ambitious targets to achieve carbon neutrality by 2020 and has been recognized for its efforts in sustainability by various organizations.
The company offers a wide range of products and services such as healthcare equipment, lighting solutions, household appliances, and personal care products. Their products are designed to improve the quality of life for their customers while also being environmentally friendly. The company's focus on sustainability is reflected in the materials used in their products, which are recyclable and energy-efficient.
Some key people in PHILIPS ELECTRONICS UK LIMITED include Neil Mesher, the CEO of Philips UK and Ireland, and Andy Griffiths, the Head of Sustainability for Philips UK. They are responsible for driving the company's sustainability initiatives and ensuring that the company remains at the forefront of innovation in the electronics industry.
For more information on their products and services, customers can visit the company's website at www.philips.co.uk. The registered office address for PHILIPS ELECTRONICS UK LIMITED is Philips Centre, Guildford Business Park, Guildford, Surrey, GU2 8XH. Customers can also contact the company through their customer service hotline at 0800 331 6015.
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