| 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 2024 - 30 Jun 2024 | 13 Sept 2024 | 52 | 15% | 55% | 30% | 5% |
| 01 Jul 2023 - 31 Dec 2023 | 22 Feb 2024 | 53 | 15% | 55% | 30% | 4% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 53 | 14% | 55% | 31% | 5% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
The initial complaint will be received by finance and then escalated to procurement. Procurement will then seek further information from the manager responsible before feedback is given to the supplier to resolve 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.
❌
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
Schindler Ltd is the UK operating company of the Swiss Schindler group, manufacturing and supplying lifts, escalators and moving walks. It provides vertical transportation solutions for residential, commercial and public transit buildings, including airports and shopping centres, alongside modernisation, repair and maintenance services for existing installations. The company also offers online planning tools for selecting lift and escalator configurations. Registered in England since 1960 and based in Addlestone, it forms part of Schindler's global operations, which describe themselves as keeping the world's buildings moving safely and efficiently. Its core activity centres on manufacturing, installing and maintaining passenger lift and escalator equipment for buildings.
Generated from the company's website and Companies House records. Sources: schindlerlifts.co.uk