| 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 | 07 Oct 2019 | 58 | 11% | 67% | 22% | 1% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 88 | 11% | 63% | 26% | 3% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 53 | 41% | 46% | 13% | 11% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 60 days net.
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
All invoices are reviewed and processed by the SSC. Disputes/complaints raised by a supplier are filtered by SSC and dealt with within 2 working days, or escalated to the relevant team. The time scale the relevant team will take depends on the complexity of the dispute, but will be resolved in a timely manner.
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.
❌
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.
❌
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
GEA Process Engineering Limited is a UK entity within the German-headquartered GEA Group, an international engineering group founded in 1881. Its registered nature of business is the manufacture of machinery for food, beverage and tobacco processing. The wider GEA Group is one of the world's largest suppliers of systems and components to the food, beverage and pharmaceutical industries, with a portfolio spanning machinery and plants, process technology, components and related services. This UK company is based in Warrington, Cheshire, and has been incorporated since 1976. It remains active on the Companies House register, operating as part of GEA's broader industrial machinery and process engineering business.
Generated from the company's website and Companies House records. Sources: gea.com · gea.com