The average time taken for WEIR ENGINEERING SERVICES LIMITED to pay invoices has decreased in the most recent period compared to the previous two periods.
The average time taken for WEIR ENGINEERING SERVICES LIMITED to pay invoices has fluctuated slightly in the three periods, with a decrease in the most recent period.
| 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 2018 - 30 Jun 2018 | 13 Aug 2018 | 42 | 40% | 39% | 21% | 70% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
In line with internal procedures.
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
Weir Engineering Services Limited, previously registered as Weir Pumps Limited until 2007, is a Scottish company incorporated in 1958 and based in Glasgow. Its registered business activities cover the manufacture of pumps, repair of machinery and other equipment, and engineering related scientific and technical consulting. This indicates a company involved in producing pumps and providing associated repair, maintenance and engineering consultancy services. No further detail on trading operations, ownership structure or scale of activity is available from the evidence provided.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk