| 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 | 25 Sept 2019 | 64 | 68% | 10% | 22% | 17% |
| 01 Aug 2018 - 31 Dec 2018 | 07 Mar 2019 | 87 | 34% | 9% | 57% | 33% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
90 days from end of month - Direct 120 days from end of month - Indirect
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
120
The business operates an accounts payable helpdesk model to service supplier queries. Queries are answered within 2 working days following receipt of the query.
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
UOP Limited is a UK registered company based at Honeywell's Bracknell offices, forming part of the Honeywell UOP group, itself part of Honeywell International's Performance Materials and Technologies business. The wider group is a supplier and technology licensor to the petroleum refining, gas processing and petrochemical production industries, developing process technologies, catalysts, adsorbents and equipment used in fuel production, natural gas processing and manufacture of plastics and chemicals. Its Companies House classification covers manufacture of other inorganic basic chemicals and other business support services. UOP Limited itself functions as a UK entity within this global group rather than as an independent operating business, with activities attributable to the wider group.
Generated from the company's website and Companies House records. Sources: uop.com · uop.com