| 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 Mar 2019 - 31 Aug 2019 | 21 Oct 2019 | 45 | 8% | 83% | 9% | 3% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms are negotiated with suppliers along with other terms of trade
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
75
THE RELEVANT SUPPLIER WILL BE CONTACTED WITH A VIEW TO RESOLVING ANY PAYMENT ISSUES AS SOON AS POSSIBLE. WE DO NOT WAIT FOR THE SUPPLIER TO CONTACT US.
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.
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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
Tesla Engineering Limited is a British engineering company that specializes in the design, development and manufacture of high-end power supplies and magnetic systems. Founded in 1984, the company has become a leading supplier to the scientific, medical, and industrial markets.
The company's sustainability program is a key focus, with a commitment to reducing their carbon footprint and promoting environmental responsibility. This is achieved through the use of renewable energy sources, energy-efficient manufacturing processes, and waste reduction initiatives.
Their product range includes a variety of power supplies, including high-voltage and high-current power supplies, as well as custom-designed solutions for specific applications. They also offer a range of magnetic systems, including superconducting magnets, electromagnets, and permanent magnets.
The company's team of key people includes highly skilled engineers and technicians who are dedicated to providing innovative and high-quality solutions to their customers. Their expertise and commitment to excellence have helped the company to establish a strong reputation in the industry.
For more information on their products and services, interested parties can visit their website at www.tesla.co.uk. The registered office address for Tesla Engineering Limited is located in Storrington, West Sussex, UK. With their sustainable approach and impressive product range, Tesla Engineering Limited continues to be a leader in the engineering industry.