| 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 2018 - 30 Jun 2018 | 26 Jul 2018 | 27 | 71% | 23% | 6% | 39% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 Days - 45% of Vendors Paid Current Month + 1 Month - 33% of Vendors Paid Immediate - 9% of Vendors Paid Current Month + 1 Month - 7% of Vendors Paid
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
90
Dispute invoices are dealt with on a case by case basis
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
Grundfos Pumps Limited is the UK entity of Grundfos, registered in Leighton Buzzard, Bedfordshire, and classified under manufacture of pumps. The wider Grundfos group designs, manufactures and supplies pumps and pump solutions for residential, commercial and industrial applications, including water supply, heating, cooling and chemical dosing systems. It also offers digital tools, sizing and selection support, training resources such as Ecademy, and wholesale ordering through an online extranet. The group has expanded into water treatment through the acquisition of Eurowater and Culligan Commercial & Industrial, now operating under the Grundfos brand as Water Treatment Europe. This UK company represents Grundfos's presence and operations within the United Kingdom market.
Generated from the company's website and Companies House records. Sources: grundfos.co.uk