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 Jul 2020 - 31 Dec 2020 | 23 Feb 2021 | 58 | 13% | 54% | 33% | 68% |
| 01 Jan 2020 - 30 Jun 2020 | 23 Feb 2021 | 58 | 14% | 45% | 41% | 69% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 55 | 27% | 43% | 30% | 67% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 58 | 11% | 47% | 42% | 74% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 54 | 15% | 51% | 34% | 57% |
| 01 Jan 2018 - 30 Jun 2018 | 11 Jul 2018 | 46 | 19% | 55% | 26% | 53% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Pickerings standard payment terms are 30 to 60 days dependent upon the supplier size and the nature of supply.
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
90
At Pickerings Lifts, our history dates back over 160 years. Today we pride ourselves on our values, which sees us working in partnership with our customers and suppliers. We therefore endeavour to resolve all disputes in a fair and timely manner. Disputes are resolved by discussion and agreement with a supplier and are typically managed by our dedictaed accounts payable team.
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
Pickerings Europe Limited trades as Pickerings Lifts, a UK lift service company established in 1854. It supplies, installs, maintains, services, refurbishes and modernises lifts, escalators, travelators, loading systems (including dock levellers, industrial doors and vehicle restraint systems) and mobility equipment such as stairlifts and platform lifts. It serves commercial and residential clients including warehousing, logistics, retail, transport and facilities management customers, operating through a network of branches across the UK with local engineering teams handling call-outs, servicing and installation work nationwide.
Generated from the company's website and Companies House records. Sources: pickeringslifts.co.uk · pickeringslifts.co.uk