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 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 95 | 38% | 45% | 17% | 4% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 95 | 37% | 44% | 19% | 5% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 101 | 35% | 44% | 21% | 3% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 94 | 37% | 44% | 19% | 4% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard terms are 60 days for supply to do with general operating activities. Stock supplies will be extended as negotiated with each supplier
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
Suppliers may raise disputes by emailing the purchase ledger team who seeks to resolve independently. Where necessary, disputes are escalated to the purchase ledger manager and then to a financial controller. If a dispute is still not resolved, the company will enter into a process of self managed arbitration, involving the senior management of both principals to try and reach a mutually acceptable agreement.
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
Platinum International Limited trades as Platinum Batteries and is part of Alliance Automotive UK. The company supplies batteries for cars, commercial vehicles, motorcycles, marine and leisure use, plus VRLA and deep cycle types, marketed under the Platinum brand. Its ranges are described as engineered to meet or exceed vehicle manufacturer specifications, covering start/stop AGM and AFB technology, portable power and mono block products. The registered SIC classification is wholesale trade of motor vehicle parts and accessories, reflecting its role in distributing battery products rather than manufacturing them. The company was incorporated in 2002 and remains active, with its registered office administered via a legal services provider.
Generated from the company's website and Companies House records. Sources: platinumbatteries.co.uk · platinumbatteries.co.uk · platinumbatteries.co.uk