| 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 2023 - 31 Dec 2023 | 06 Aug 2024 | 51 | 15% | 64% | 21% | 11% |
| 01 Jul 2022 - 31 Dec 2022 | 19 May 2023 | 44 | 16% | 72% | 12% | 11% |
| 01 Jan 2022 - 30 Jun 2022 | 19 Nov 2022 | 48 | 18% | 70% | 12% | 13% |
| 01 Jul 2021 - 31 Dec 2021 | 19 Aug 2022 | 47 | 15% | 70% | 15% | 5% |
| 01 Jan 2021 - 30 Jun 2021 | 16 Jul 2021 | 47 | 15% | 72% | 13% | 3% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 45 | 16% | 73% | 11% | 4% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 44 | 20% | 71% | 9% | 3% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 46 | 16% | 72% | 12% | 5% |
| 01 Jan 2018 - 30 Jun 2018 | 20 Jul 2018 | 47 | 16% | 71% | 13% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
A. UK Suppliers The standard payment term for Suppliers located in the United Kingdom is the first working day of the second month following the date of invoice (for example, invoices dated between 1st April and 30th April 2022 would be payable on 1st June 2022). On average this equates to a standard payment term of 46 days from date of invoice. As an exception to the standard payment terms, UK utility, telecommunications, local authority, vehicle leasing and certain professional services suppliers are paid within 30 days from the date of invoice. B. Overseas Suppliers The standard payment term for Suppliers located outside the United Kingdom is within the first five working days of the second month following the date of goods receipt (for example, invoices in respect of goods received between 1st April and 30th April 2022 would be payable by 7th June 2022). Dependent on the transit period this equates to a standard average payment term of between 45 and 80 days from date of invoice. As an exception to the standard payment terms, invoices from an Australian Group Company are payable at the end of the third month following the date of invoice (for example, invoices dated between 1st February and 28th February 2022 would be payable by 26th May 2022). On average this equates to a standard payment term of circa 100 days from date of invoice.
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
100
The Company has a dedicated Accounts Payable department that is contactable by phone (01909 476101) and email (accounts.payable@pandrol.com). Vendors with invoice or payment queries should contact this team in the first instance to discuss their issues. If the service team are unable to offer a satisfactory resolution the issue can be referred to either the Finance Controller or Finance Director.
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
Pandrol Limited is registered in Worksop, Nottinghamshire, and forms part of the Pandrol business within the Delachaux Group, a family owned group founded in 1902. The company manufactures rail fastening systems and aluminothermic welding products, along with electrification equipment, track construction and maintenance machinery, and track measurement and safety equipment. Its products serve mainline, urban transit, heavy haul, high speed and port rail infrastructure worldwide, with operations dating back to a plant built in Worksop that later took the Pandrol name in 1972. The business describes itself as defining industry standards for track fastenings and welding, having supplied rail infrastructure in more than 100 countries.
Generated from the company's website and Companies House records. Sources: pandrol.com · pandrol.com