Score of 81.9/100 qualifies for PaymentCheck Certification
WESTINGHOUSE ELECTRIC COMPANY UK LIMITED exhibits a trend of extended payment cycles, with an average payment time of 52 days. A substantial 54% of payments fall into the 31-60 day bracket, indicating a consistent pattern of paying beyond standard 30-day terms. Only 31% of invoices are settled within 30 days, reinforcing a general trajectory towards longer payment durations.
The payment profile indicates moderate volatility, highlighted by a 35% late payment rate, suggesting a notable degree of unpredictability in meeting agreed terms. While the majority settle within 60 days, a concerning 15% of payments extend beyond 60 days, introducing a risk of significant delays. This inconsistency means suppliers cannot reliably expect on-time payments, necessitating careful planning.
Suppliers should anticipate an average payment term of approximately 52 days and factor in the high probability of payments extending beyond 30 days. It is critical to account for the 35% late payment rate and potential for invoices exceeding 60 days when managing cash flow and setting credit limits. Consider adjusting pricing or implementing stricter payment terms, such as deposits or milestone payments, to mitigate the associated working capital risk.
| 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 2025 - 31 Dec 2025 | 30 Jan 2026 | 24 | 75% | 24% | 1% | 11% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 25 | 68% | 29% | 3% | 16% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 46 | 36% | 53% | 11% | 24% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 52 | 31% | 54% | 15% | 35% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days net or less as per customer flowdown.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
In order to improve the UK payment process and align to UK requirements a new standard payment terms process has been implemented in the UK to ensure prompt payment to suppliers required for payment within 30 days and to decrease the max payment terms for the UK to 60 days.
Maximum contractual payment period agreed
60
For payment queries the suppliers are asked to email the accounts payable department or the suppliers account manager. Matters not resolved immediately with the accounts payable section can be referred to the Westinghouse procurement team. A new Accounts Payable process has been implemented to ensure invoice queries can be escalated and resolved more timely and effectively.
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
WESTINGHOUSE ELECTRIC COMPANY UK LIMITED operates as a private limited company in the UK, established to conduct commercial activities primarily within the electrical sector. Its name indicates a focus on electrical goods, services, or related industries.
This active company was incorporated on 26 May 2000, holding company number 04006213. Its registered office is located in the North West of England, at Springfields, Salwick, Preston, Lancashire, PR4 0XJ.
In the UK market, private limited companies categorised as 'Electric Companies' typically offer a broad spectrum of services and products. These commonly encompass electrical engineering, power generation, distribution, and supply. Their activities can also extend to the manufacturing of electrical components, provision of installation services, or specialist consultancy within the energy sector.
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