| 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 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 48 | 28% | 40% | 32% | 59% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 65 | 22% | 39% | 39% | 73% |
| 01 Jul 2023 - 31 Dec 2023 | 25 Jan 2024 | 49 | 22% | 46% | 32% | 59% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We operate standard payment terms in line with industry requirements and to meet the needs of our supply chain. For smaller suppliers, these are up to 30 days and for larger suppliers these are up to 60 days (or longer with mutual agreement).
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
We operate an accounts payable function within office hours providing the ability for all suppliers to raise queries or complaints for all invoices or payments. We will discuss and resolve the dispute based on the specific circumstances and in accordance with the terms of the contract or purchase order terms and conditions.
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
Element Six (UK) Limited is a global leader in the manufacturing of synthetic diamond and supermaterials. The company was founded in 1946 and is based in Berkshire, UK. They have operations in over 50 countries and employ more than 1,900 people worldwide.
The company's main focus is on producing high-quality, synthetic diamonds for various industrial applications such as cutting, drilling, and grinding. They also provide advanced materials for a range of industries including aerospace, automotive, and electronics.
Element Six is committed to sustainability and has implemented various initiatives to reduce their environmental impact. This includes investing in renewable energy sources, reducing greenhouse gas emissions, and implementing a zero-waste policy. They also prioritize ethical and responsible sourcing of materials and have a strong focus on employee health and safety.
The key people at Element Six include CEO Walter Huehn, Chief Financial Officer Richard Whitbread, and Chief Technology Officer Andy Jones. They lead a team of skilled professionals who are dedicated to driving innovation and delivering high-quality products and services.
To learn more about Element Six (UK) Limited, visit their website at www.e6.com. Their registered office address is Global Innovation Centre, Fermi Avenue, Harwell Campus, Didcot, Oxfordshire, OX11 0QR, UK.