Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 2020 - 30 Jun 2020 | 28 Jul 2020 | 56 | 50% | 34% | 16% | 53% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 56 | 27% | 51% | 22% | 54% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 56 | 32% | 46% | 22% | 51% |
| 01 Jul 2018 - 31 Dec 2018 | 04 Feb 2019 | 60 | 23% | 52% | 25% | 54% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 51 | 35% | 48% | 17% | 38% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 31 days following month of invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
HellermannTyton follow a strict no PO no pay policy and invoices must be sent to the correct address as communicated to suppliers and as stated at the bottom of the PO. The PO number is communicated by HellermannTyton’s procurement team or by the relevant HellermannTyton requistioner at the time of placing the order.
Maximum contractual payment period agreed
90
If a supplier has any disputes or concerns regarding any aspect of our payment process, their first contact would be the procurement team in the business. In the absence of that, suppliers may contact our Accounts Payable department directly. The aim of any conversation is always to resolve any issue in a timely and collaborative manner, in order to maintain a good working relationship. If those involved are unable to find a solution, then the issue would be escalated appropriately within the business. Where the issue is with the invoice the supplier is required to provide any missing information or a corrected invoice.
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
HellermannTyton Limited is the UK entity of HellermannTyton, a manufacturer and supplier of cable management products. Its own site describes the business as a supplier of products for fastening, fixing, identifying and protecting cables and their connecting components. The product range includes cable ties, heat shrink tubing, cable protection conduits, braided sleeving, wiring ducts, electrical installation items such as wire connectors and cable glands, industrial identification labels and RFID tags, and application tooling including cable tie guns. Products serve sectors such as rail, automotive, aerospace, telecommunications and electrical wholesale. The company is registered in Crawley, West Sussex, and is recorded as active, having been incorporated in December 2005.
Generated from the company's website and Companies House records. Sources: hellermanntyton.co.uk · hellermanntyton.co.uk