Industry ranking
| 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 2022 - 30 Jun 2022 | 28 Jul 2022 | 31 | 15% | 80% | 5% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 22 Mar 2022 | 31 | 15% | 80% | 5% | 0% |
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
Supplier and Projects Team discussions. We have a good relationship with our suppliers, so we rarely have issues.
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
Pearson Engineering Limited designs and manufactures mobility and counter-mobility equipment for armoured vehicles, based at Armstrong Works in Newcastle upon Tyne. Its products are interchangeable attachments that help armoured vehicles breach minefields, clear explosive ordnance, protect against explosive devices, move obstacles and cross gaps, supporting programmes such as Challenger 3, Boxer and AJAX. The company also develops robotic and autonomous systems for combat engineering and provides manufacturing services to UK armoured vehicle programmes from its purpose-built site, alongside co-located sister companies. It employs over 100 people and describes itself as working globally to support armed forces with battlefield mobility, survivability and counter-mobility solutions.
Generated from the company's website and Companies House records. Sources: pearson-eng.com · pearson-eng.com