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 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 62 | 22% | 22% | 56% | 20% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 65 | 21% | 18% | 60% | 17% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 65 | 19% | 21% | 60% | 16% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 62 | 21% | 23% | 56% | 8% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 61 | 22% | 26% | 53% | 6% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 66 | 21% | 18% | 60% | 18% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 61 | 23% | 23% | 55% | 12% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 56 | 28% | 19% | 53% | 13% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 52 | 36% | 16% | 48% | 24% |
| 01 Jan 2018 - 30 Jun 2018 | 02 Aug 2018 | 53 | 38% | 13% | 50% | 28% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We have 90 day terms with our largest supplier (our parent company). Most other suppliers used have 30 day terms.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Payment terms vary with small suppliers. The bulk of our purchases are from our parent company with whom we have 90 day terms.
Maximum contractual payment period agreed
90
Disputes arising from product quality are managed by our operations department who are responsible for all supplier relations. Procurement focus on a collaborative agreement approach to solve any issues.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Schueco UK Limited is registered as a wholesaler of other machinery and equipment and forms part of the Schüco Group, headquartered in Bielefeld, Germany. The wider group develops and sells system solutions for building envelopes made of aluminium, steel and PVC-U, including windows, doors, facades, ventilation, security and solar shading systems, along with digital and advisory services covering planning, production, installation and after-sales maintenance for residential and commercial buildings. As the UK arm of this international group, the company operates within the construction supply sector, providing access to these building envelope systems and related services for the domestic market. The entity itself is incorporated in the UK and remains active.
Generated from the company's website and Companies House records. Sources: schueco.com