The average time taken for GS YUASA BATTERY SALES UK LIMITED to pay invoices has decreased by 24% from the first period of 2018 to the second period of 2018. There is no data available for the third period of 2018. The trend in the first two periods of 2018 shows a decrease in the percentage of invoices paid within agreed terms and an increase in the percentage of invoices not paid within agreed terms, suggesting a possible trend of delayed payments.
There is a high volatility in the percentage of invoices paid within 30 days, with a 38% decrease in the second period of 2018 compared to the first period. There is also volatility in the percentage of invoices paid between 31 and 60 days, with a 38% increase in the second period of 2018 compared to the first period. The percentage of invoices paid later than 60 days shows a decrease of 24% in the second period of 2018 compared to the first period.
The average time taken for GS YUASA BATTERY SALES UK LIMITED to pay invoices in the first period of 2018 was 42 days. The percentage of invoices paid within 30 days was 38%, with 38% of invoices paid between 31 and 60 days and 24% of invoices paid later than 60 days. Additionally, 46% of invoices were not paid within agreed terms. There is no data available for the third period of 2018. Further analysis is needed to determine the company's payment performance in the second period of 2018 and the first period of 2019.
| 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 2018 - 31 Mar 2019 | 29 Jul 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 42 | 38% | 38% | 24% | 46% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from invoice date
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
Disputed invoices are raised with Account payable department who query the invoice with the supplier. If this does not resolve the issue it is passed to the department that raised the Purchase order to query with their direct contact at the supplier. If this fails it gets escalated to senior management
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
GS YUASA BATTERY SALES UK LIMITED is a leading manufacturer and distributor of batteries in the UK. The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact.
The company offers a wide range of products, including automotive, industrial, and motorcycle batteries, as well as rechargeable batteries for various applications. They also provide battery testing and maintenance services to ensure optimal performance and longevity.
The key people at GS YUASA BATTERY SALES UK LIMITED include the CEO, Mr. Tomokazu Takagi, and the Managing Director, Mr. Jonathan Pritchard. Both have extensive experience in the battery industry and are dedicated to driving the company's success.
In terms of sustainability, the company has implemented a recycling program for used batteries and is continuously working towards reducing waste and energy consumption in their production processes. They also source materials from responsible suppliers and aim to minimize their carbon footprint.
Customers can contact GS YUASA BATTERY SALES UK LIMITED through their website, which also provides information on their products and services. The registered office address for the company is Unit 2, Swan Lane, Sandycroft, Deeside, Flintshire CH5 2QQ. Their website address is www.yuasa.co.uk.
Overall, GS YUASA BATTERY SALES UK LIMITED is a reputable company that is committed to sustainability and providing high-quality batteries and services to its customers.