Score of 93.05/100 qualifies for PaymentCheck Certification
The data shows a fluctuation in the average time taken for DIVERSEY LIMITED to pay its invoices to suppliers over the past three years. In 2018, the average time to pay was 100 days, which decreased to 75 days in 2019. However, in 2020, the average time to pay increased to 91 days before significantly decreasing to only 20 days in 2020. This trend suggests that DIVERSEY LIMITED has been actively working to improve their payment process and pay suppliers more quickly.
The data also shows a high level of volatility in the percentage of invoices paid within 30 days, with a range of 9% in 2020 to 32% in 2018. This indicates that DIVERSEY LIMITED has not been consistent in paying invoices within this timeframe. However, there has been a steady increase in the percentage of invoices paid within 30 days over the past three years, with a significant jump from 9% in 2020 to 90% in 2021.
In summary, DIVERSEY LIMITED has made significant improvements in their payment process over the past three years. The average time taken to pay invoices has decreased, and there has been an increase in the percentage of invoices paid within 30 days. This shows a commitment to paying suppliers promptly, which is reflected in the decrease in the percentage of invoices paid later than 60 days. However, there is still room for improvement as the percentage of invoices not paid within agreed terms remains high at 72% in 2021.
| 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 2021 - 31 Dec 2021 | 05 May 2022 | 18 | 92% | 4% | 4% | 4% |
| 01 Jan 2021 - 30 Jun 2021 | 05 May 2022 | 23 | 91% | 4% | 5% | 5% |
| 01 Jul 2020 - 31 Dec 2020 | 05 May 2022 | 20 | 90% | 7% | 3% | 3% |
| 01 Jan 2020 - 30 Jun 2020 | 08 Sept 2020 | 91 | 9% | 19% | 72% | 72% |
| 01 Jul 2019 - 31 Dec 2019 | 08 Sept 2020 | 96 | 11% | 19% | 70% | 64% |
| 01 Jan 2019 - 30 Jun 2019 | 16 Jul 2019 | 71 | 32% | 22% | 46% | 72% |
| 01 Jul 2018 - 31 Dec 2018 | 16 Jul 2019 | 75 | 32% | 18% | 50% | 56% |
| 01 Jan 2018 - 30 Jun 2018 | 09 Aug 2018 | 100 | 23% | 22% | 55% | 53% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard contractual terms for goods and services is 90 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
120
The main point of contact for disputes is the Diversey Limited Accounts Payable Shared Services Centre in Bucharest. When an invoice is disputed, the supplier will receive an automated email indicating the invoice number and reason for rejection. To resolve a dispute, the supplier is required to provide any missing information or a corrected invoice. Diversey Limited required a valid purchase order before payment can be made. The PO number is communicated by Diversey's procurement team at the time of placing the order.
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
Diversey Limited is a UK-registered company incorporated in 1997, based in Northampton. According to its Companies House record, its registered business activity is the manufacture of soap and detergents. The company remains listed as active. The website evidence gathered under the company's domain did not relate to its trading activity and could not be used to describe its operations. Based on the structured company data, Diversey Limited operates within the soap and detergent manufacturing sector, though no further detail on specific products, customers or trading scale is available from the evidence supplied.
Generated from the company's website and Companies House records.