| 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 2025 - 30 Jun 2025 | 23 Oct 2025 | 76 | 2% | 34% | 64% | 10% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Sept 2025 | 65 | 8% | 37% | 55% | 16% |
| 01 Jan 2024 - 30 Jun 2024 | 02 Oct 2024 | 71 | 3% | 13% | 84% | 12% |
| 01 Jul 2023 - 31 Dec 2023 | 15 May 2024 | 72 | 2% | 17% | 81% | 9% |
| 01 Jan 2023 - 30 Jun 2023 | 15 May 2024 | 69 | 1% | 17% | 82% | 14% |
| 01 Jul 2022 - 31 Dec 2022 | 21 May 2024 | 73 | 1% | 21% | 78% | 10% |
| 01 Jan 2022 - 30 Jun 2022 | 21 May 2024 | 83 | 1% | 13% | 86% | 22% |
| 01 Jul 2021 - 31 Dec 2021 | 21 May 2024 | 69 | 2% | 18% | 80% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 21 May 2024 | 80 | 2% | 12% | 86% | 6% |
| 01 Jul 2020 - 31 Dec 2020 | 21 May 2024 | 69 | 2% | 21% | 77% | 9% |
| 01 Jan 2020 - 30 Jun 2020 | 21 May 2024 | 68 | 2% | 18% | 80% | 8% |
| 01 Jul 2019 - 31 Dec 2019 | 21 May 2024 | 67 | 1% | 19% | 80% | 6% |
| 01 Jan 2019 - 30 Jun 2019 | 28 Aug 2019 | 67 | 2% | 19% | 79% | 6% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Aug 2019 | 76 | 2% | 16% | 82% | 14% |
| 01 Jan 2018 - 30 Jun 2018 | 07 Aug 2018 | 67 | 2% | 20% | 78% | 6% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Perkins Engines Company Ltd standard payment terms are: “payment will be made by Perkins Engines Company Ltd on the next working day after the first payment day following agreed payment term from the date of a detailed and accurate invoice. Payment days are the 5th, 15th, and 25th of each calendar month.” We have agreed a range of payment terms from immediate (invoices paid on the next available payment run), to Net Thirty days, Monthly or Net Sixty days.
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
70
Any invoices that are not paid within Perkins Engines Company Ltd's standard terms have either been received late or are in dispute. Overdue invoices should be queried with the Accounts Payable team in Bangalore using ServiceNow (Finance@Work) to raise a ticket or the supplier can speak to their Caterpillar buyer. Accounts Payable will work with Purchasing to resolve price variances, Material Planning to resolve Receiving/Goods In Receipt grief, or the budget holder to resolve issues with the goods received or service performed. Invoices for Perkins Engines Co Ltd should be sent to Caterpillar Finance Shared Services, 1 Millennium Way, Springfield Road, Belfast, Northern Ireland. BT12 7AL or emailed in PDF format to FSSCAP.Invoicing_Perkins@cat.com.
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
Perkins Engines Company Limited is registered in Peterborough and, per Companies House, is classed under manufacture of engines and turbines other than aircraft, vehicle or cycle engines. Trading as Perkins, it designs and supplies engines used across agriculture, construction, material handling, marine, forestry, electric power and industrial rental applications, supported through a network of regional distributors offering parts, service, repair, overhaul and replacement engines. The company also provides maintenance guidance, warranty schemes and operation manuals to customers. It operates as part of a wider corporate group with manufacturing and sales operations extending beyond the UK, including facilities referenced in China and India, while this registered entity represents its UK operating company.
Generated from the company's website and Companies House records. Sources: distributorlocator.perkins.com