Industry ranking
| 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 2023 - 31 Dec 2023 | 06 Mar 2024 | 60 | 41% | 40% | 19% | 32% |
| 01 Jul 2022 - 31 Dec 2022 | 21 Feb 2023 | 58 | 37% | 35% | 28% | 57% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 55 | 31% | 35% | 34% | 48% |
| 01 Jul 2021 - 31 Dec 2021 | 14 Apr 2022 | 49 | 38% | 43% | 19% | 38% |
| 01 Jan 2021 - 30 Jun 2021 | 16 Aug 2021 | 50 | 33% | 46% | 21% | 42% |
| 01 Jul 2020 - 31 Dec 2020 | 16 Feb 2021 | 59 | 41% | 12% | 47% | 34% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 50 | 38% | 41% | 21% | 36% |
| 01 Jul 2019 - 31 Dec 2019 | 17 Feb 2020 | 44 | 38% | 41% | 22% | 35% |
| 01 Jan 2019 - 30 Jun 2019 | 15 Jul 2019 | 53 | 38% | 38% | 24% | 39% |
| 01 Jul 2018 - 31 Dec 2018 | 06 Feb 2019 | 50 | 37% | 41% | 22% | 40% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Nov 2018 | 53 | 38% | 23% | 39% | 44% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Draeger’s standard supplier payment terms are 60 days (unless agreed otherwise)
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
85% of invoices were paid within 10 days of their original due date. Query delays not factored in extending payment terms for time resolve
Maximum contractual payment period agreed
60
Any queries or disputes about payment terms should be directed to: Purchasing Department, Draeger Safety UK Ltd, Ullswater Close, Blyth NE24 4RG
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Draeger Safety UK Ltd, based in Blyth, Northumberland, is registered under company number 00777464 and has traded since 1963, previously known as Draeger Safety Limited, Draeger Safety Group Limited and Draeger Limited. Companies House records its business activities as the manufacture of special-purpose machinery, wholesale of other machinery and equipment, and other professional, scientific and technical activities, with an industry classification of health and safety. The company forms part of the Draeger group, a manufacturer associated with safety and protective equipment. No further detail on specific product lines or services was available from the supplied evidence beyond these registered activities and its long-standing UK presence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk