ISUZU TRUCK (UK) LIMITED

Standard payment terms

The business typically has three types of qualifying contract; standard supplier, chassis supplier and vehicle bodies supplier. Standard supplier period is 30 days with some under direct debit arrangements, chassis supplier period is 250 days and vehicle bodies supplier period is typically greater than 30 days.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

Standard terms is 30 days from receipt of a valid invoice and terms for vehicle chassis is 250 days. However, the credit terms with suppliers involved on the works on chassis / vehicle bodies the credit terms follows the settlement of the vehicle to the end customer therefore the chain of credit may be greater than 30 days in some cases. Intercompany invoices for chassis are settled under alternative arrangements due to nature of the companys' financing structure.

Maximum contractual payment period agreed

250

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