| 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 Oct 2025 - 31 Mar 2026 | 01 May 2026 | 67 | 4% | 39% | 57% | 25% |
| 01 Apr 2025 - 30 Sept 2025 | 31 Oct 2025 | 52 | 23% | 24% | 53% | 24% |
| 01 Oct 2024 - 31 Mar 2025 | 29 Apr 2025 | 53 | 23% | 29% | 48% | 31% |
| 01 Apr 2024 - 30 Sept 2024 | 28 Oct 2024 | 50 | 25% | 30% | 45% | 22% |
| 01 Oct 2023 - 31 Mar 2024 | 26 Apr 2024 | 52 | 22% | 32% | 46% | 24% |
| 01 Apr 2023 - 30 Sept 2023 | 30 Oct 2023 | 52 | 23% | 33% | 44% | 25% |
| 01 Oct 2022 - 31 Mar 2023 | 27 Apr 2023 | 50 | 24% | 42% | 34% | 23% |
| 01 Apr 2022 - 30 Sept 2022 | 26 Oct 2022 | 49 | 25% | 43% | 32% | 17% |
| 01 Oct 2021 - 31 Mar 2022 | 28 Apr 2022 | 51 | 23% | 43% | 34% | 20% |
| 04 Jan 2021 - 30 Sept 2021 | 28 Oct 2021 | 49 | 26% | 43% | 31% | 18% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 50 | 22% | 44% | 34% | 25% |
| 01 Oct 2019 - 31 Mar 2020 | 28 Apr 2020 | 45 | 30% | 29% | 41% | 24% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 44 | 33% | 27% | 40% | 21% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 45 | 29% | 28% | 43% | 21% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 47 | 27% | 27% | 46% | 22% |
| 01 Oct 2017 - 31 Mar 2018 | 30 Apr 2018 | 46 | 28% | 33% | 39% | 22% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The payment terms are assigned by the Business units on a case by case basis:- Payment terms usage : Intercompany Clearing payment terms and are paid immediately in the month following the receipt of the invoice. Please note Intercompany clearing terms are available to Siemens Energy companies only and payment method for such terms results in clearing of such transactions without any transmission of money external to Siemens Energy cash pool. 3rd party payments terms usage is as follows <30 days 49% 60 days 36%, 90 days 1%, 30 days 3%, 34 days 7%, 75 days 2% and the remainder with payment terms of less than 2% occurrences which includes the max payment term of days. The payment statistics excluding the ICC transactions are as follows :- Average time it took to pay an invoice days. Split of payments 0-30 day 4%, 31-60 days 39%, 61+days 58% Invoices paid late 25%.
Were there any changes to the standard payment terms in the reporting period?
90 Days is the standard term used for projects with a long term and is agreed on a case by case basis. Includes foreign suppliers with payments in Letters of Credits etc.
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
180
1) Central Accounts Payable (AP) team for payment enquiries, contact points via phone/e-mail/supplier portal. Relevant details are on Purchase Orders. A) Tel: 01522584650 b) E-mail lcnw.purchaseledger.pg@siemens.com 2) AP liaise with supplier to obtain and process missing invoices a) Check existing systems (scan provider/e-invoice provider/invoice process queue to see if invoice already in query and/or returned to supplier) 3) AP liaise with suppliers to confirm payment details (past and upcoming) 4) AP liaise with approvers to release overdue invoices for payment 5) Special team deals with ‘final demand’ cases and legal notices
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
SIEMENS ENERGY INDUSTRIAL TURBOMACHINERY LIMITED is a leading provider of energy solutions, specializing in the design, manufacturing, and servicing of industrial gas turbines and compressors. The company is committed to sustainability and has implemented a number of initiatives to reduce its environmental impact.
Their sustainability program includes measures such as reducing carbon emissions, optimizing energy efficiency, and promoting the use of renewable energy sources. They also prioritize the health and safety of their employees, as well as the communities in which they operate.
The company offers a wide range of products and services, including gas turbines, compressors, and related services such as maintenance, upgrades, and modernization. These products and services are used in various industries, including oil and gas, power generation, and industrial applications.
Some key people in SIEMENS ENERGY INDUSTRIAL TURBOMACHINERY LIMITED include the CEO, Lisa Davis, and the CFO, Ralf P. Thomas. They have a team of highly skilled engineers and technicians who are dedicated to delivering high-quality products and services to their customers.
The company's website is www.siemens-energy.com, where interested parties can find more information about their products, services, and sustainability efforts. SIEMENS ENERGY INDUSTRIAL TURBOMACHINERY LIMITED is headquartered in Frimley, Surrey, and their registered office address is Faraday House, Sir William Siemens Square, Frimley, Surrey, GU16 8QD, United Kingdom.
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