| 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 | 30 Jul 2025 | 62 | 10% | 38% | 52% | 69% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 58 | 13% | 41% | 46% | 71% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 60 | 13% | 41% | 46% | 65% |
| 01 Jul 2023 - 31 Dec 2023 | 19 Jan 2024 | 57 | 14% | 43% | 43% | 63% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 57 | 15% | 44% | 41% | 64% |
| 01 Jan 2022 - 30 Jun 2022 | 21 Jul 2022 | 58 | 17% | 40% | 43% | 60% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 60 | 15% | 35% | 50% | 68% |
| 01 Jan 2019 - 30 Jun 2019 | 12 Jul 2019 | 51 | 20% | 49% | 31% | 47% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 51 | 22% | 54% | 24% | 44% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 54 | 17% | 54% | 29% | 44% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms for both Leicester and Solartron ISA divisions are between 30 days and 60 days depending upon market conditions, supplier relationships, spend and agreed credit limits and are agreed with each supplier when set-up or if amended.
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
Reasons for not being able to pay based on terms include not receiving invoices by email, receiving late, new bank details requiring verification or non-compliant invoices or invoices that are in dispute. Once aware of a query, the Accounts Payable team will look into it with the supplier or Buyer as appropriate and work together to resolve it. Suppliers should initially contact accounts.taylor-hobson@ametek.com (for the Leicester division), ap-solartronisa@ametek.com (for the Solartron ISA division) or corp.gssc@ametek.com (for Ivalua orders that have an order number starting I-P e.g. I-P195956) if there are overdue invoices and escalate to the Finance Manager or Purchasing Manager if a response is not received in a reasonable timeframe.
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
Taylor Hobson Limited is a British company that specializes in the manufacturing and supply of precision measurement equipment for various industries. The company was founded in 1886 and is currently headquartered in Leicester, United Kingdom.
As a company, Taylor Hobson Limited is committed to sustainability and has implemented various measures to reduce their environmental impact. They have a sustainability program in place that focuses on reducing waste, energy consumption, and carbon emissions. The company also works with suppliers to ensure sustainable sourcing of materials and promotes recycling and responsible disposal of products.
The company offers a wide range of products and services, including surface and form measurement instruments, roundness measurement systems, and non-contact sensors. These products are used in industries such as automotive, aerospace, medical, and electronics, to ensure precision and quality in manufacturing processes.
Key people in the company include Mark Tolley, the Managing Director, and David Elwell, the Technical Director. They lead a team of skilled engineers and professionals who are dedicated to providing top-quality products and services to customers.
Taylor Hobson Limited can be contacted through their website, www.taylor-hobson.com, where customers can find information about products, services, and company news. The registered office address is Taylor Hobson Limited, 2 New Star Road, Leicester, LE4 9JQ, United Kingdom.
In conclusion, Taylor Hobson Limited is a reputable British company that is committed to sustainability and providing precision measurement equipment to various industries. With a strong team of leaders and professionals, they continue to innovate and provide high-quality products and services to their customers.