| 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 | 26 Nov 2019 | 45 | 8% | 90% | 2% | 1% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jun 2019 | 45 | 8% | 90% | 2% | 1% |
| 01 Jan 2018 - 30 Jun 2018 | 17 Jul 2018 | 45 | 8% | 90% | 2% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The standard contractual length of time for payment of invoices is 60 days within receipt of a correctly rendered invoice. This is set out in clause 7.5 of Endress + Hauser Limited’s General Terms and Conditions of Purchase which can be found at https://www.uk.endress.com/en/legal-information-uk/general-terms-conditions-purchas
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
60
EHL experience very few disputes relating to payment with our suppliers. The structure of our Group is such that our sister companies based in Europe are our main suppliers. We have entered into constructive discussions with suppliers around Brexit related matters and do not anticipate serious issues. Where we do experience disputes, we aim to proactively resolve them without the requirement for an escalation to a formal process such as legal proceedings or ADR. We have no outstanding litigation relating to payments and no County Court Judgements registered against EHL. Where we experience disputes with Customers over non-payment, we aim to engage with them with a view to reaching some form of payment plan. Again, escalation to legal proceedings are a last resort and rarely used.
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
Endress+Hauser Limited is the UK entity of the Endress+Hauser Group, based in Manchester and incorporated in 1968. Its registered activity is the manufacture of electronic industrial process control equipment. The wider group designs and supplies measurement instrumentation and automation technology for process and laboratory applications, covering flow, level, pressure, temperature and liquid and optical analysis, serving industries such as chemical, food and beverage, life sciences, power and energy, oil and gas, and water and wastewater. The UK company operates as part of this global group's structure, supporting sales and provision of these measurement and automation products and related software and system solutions within Britain.
Generated from the company's website and Companies House records. Sources: endress.com · endress.com