SIEMENS ENERGY INDUSTRIAL TURBOMACHINERY LIMITED
Company Information
- Company Number
- 04729734
- Registered Address
- C A Parsons Works, Shields Road, Newcastle Upon Tyne, England, NE6 2YL
- Status
- Active
- Employee Count
- 1,251
- Turnover
- £268,208,000
- EBITDA
- £33,897,000
Additional Details
- Website
- https://siemens.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 10 April 2003
- Nature of Business
- 28110 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines70100 - Activities of head offices
- Industries
- Coming Soon
- Region
- North East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| 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 Apr 2025 - 30 Sept 2025 | 31 Oct 2025 | 52 | 23% | 24% | 53% | 24% |
| 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 Apr 2022 - 30 Sept 2022 | 26 Oct 2022 | 49 | 25% | 43% | 32% | 17% |
| 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 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 44 | 33% | 27% | 40% | 21% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 47 | 27% | 27% | 46% | 22% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The payment terms are assigned by the Business units on a case by case basis:- Payment terms usage :- Intercompany invoices paid immediately in the month following the month of invoice receipt 8% , Please note Intercompany clearing terms are available to Siemens companies only and payment method for such terms results in clearing of such transactions without any transmission of money external to Siemens cash pool. 3rd party payment terms 60 days 67%, 90 days 8%, 30 days 6%, 45 days 4%, 75 days 4%, 7 days 1%, 0 days 1%, and remaining terms have less than 1% occurrence which includes the longest payment term of 180 days. The payment statistics excluding the ICC transactions are as follows :- Average time it took to pay an invoice 57 days , Split of payments 0-30 days 15%, 31-60 days 31%, 61 days and above 54% Invoices paid late 34%.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Early settlement discounts are applied as agreed with the suppliers and range from 2% discount based upon the timing of payments. During the reporting less than 1% of the overall transactions showed pre-agreed discounts with the suppliers.
Maximum contractual payment period agreed
180
Dispute Resolution Process
1) Central Accounts Payable (AP) team for payment enquiries, contact points via phone/e-mail/supplier portal. Relevant details are on Purchase Orders and are as follow :- Tel: 00 44 (0) 1522 584650 / E-mail: lcnw.purchaseledger.pg@siemens.com 2) AP liaise with supplier to obtain and process missing invoices / Check existing systems provider/e-invoice process queue to see if invoice already in query and/or returned to suppler) 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
Other Payment Information
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.
❌
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
Company Summary
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.
