EGGER (UK) LIMITED

Standard payment terms

Unless the order stipulates otherwise, the company shall pay the price of the goods at the end of the month following the month of delivery of the seller's invoice for the goods to the company. Therefore, the maximum payment period could be 60 days. The exception to this is for specific billing in relation to the supplies of specific materials and services, which are on terms of 20 days.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

Payments to suppliers under qualifying contracts are made once per week, clearing with that supplier each Monday or the next business day if that Monday is a bank holiday. Payments made on this day include amounts which are due up to and including that day. For example, if a payment is due on a date which falls on a Tuesday to Sunday, this will not be cleared with the supplier until the following Monday.

Maximum contractual payment period agreed

76

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