| 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 2018 - 30 Jun 2018 | 27 Jul 2018 | 25 | 68% | 12% | 20% | 34% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We operate on a Standard 30 Days End of Month Payment Term. This means Invoices raised on Day 1 in Month 1 will be paid at the end of Month 2 i.e. 60 Days whereas Invoices raised on Day 30 in Month 1 are also paid at the end of Month 2 i.e. 30 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
60
In the unlikely event that a supplier is in dispute regarding Payment Terms, we manage the process in accordance with: I. Contractually Agreed Terms and Conditions II. Procurement Policy Ref. FIC/0600 Dated Oct 2017 III. Purchasing procedures Ref. FIC/0601 Issue 1 Dated Aug 2016. If the dispute remains unresolved, our suppliers have direct access to our Procurement Team via e-mail at ProcurementHelp@Freightliner.co.uk or through direct contact with a specific individual where normal customer/supplier relationships exist. All e-mails to the Procurement Help are monitored by the Director of Procurement with whom any unresolved issue can be addressed. In the event the dispute is not resolved it will be escalated to the Engineering & Operations Services Director who has overall responsibility for Procurement.
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
Freightliner Limited is a leading provider of rail freight services in the UK. They are committed to sustainability and have implemented various measures to reduce their environmental impact. Their sustainability program includes initiatives such as using energy-efficient locomotives, reducing emissions, and promoting recycling and waste reduction.
The company offers a range of products and services, including the transportation of various goods such as intermodal containers, coal, aggregates, and automotive products. They also provide rail maintenance and repair services, as well as storage and handling solutions.
The key people at Freightliner Limited include their CEO, Russell Mears, and their Chairman, Peter Maybury. The company has a team of experienced professionals who are dedicated to providing high-quality and efficient rail freight services.
For more information, their website address is www.freightliner.co.uk. The registered office address is located at Freightliner House, Station Approach, Wolverhampton WV10 0BZ, United Kingdom. Overall, Freightliner Limited is a reliable and sustainable option for businesses looking for efficient rail freight services in the UK.