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
Any other information about payment terms
N/A
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.
❌
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
WEIR ENGINEERING SERVICES LIMITED is a leading engineering company that provides a wide range of innovative and sustainable solutions to various industries. The company was founded in 1871 and is currently headquartered in Glasgow, Scotland.
Their sustainability program is a top priority for the company, with a focus on reducing their environmental impact and promoting responsible practices. They have implemented various initiatives such as energy-efficient technologies, waste reduction strategies, and responsible sourcing of materials.
The company offers a diverse portfolio of products and services, including engineering design, project management, maintenance and repair, and aftermarket support. They specialize in providing solutions for the oil and gas, mining, power, and industrial sectors.
The key people at WEIR ENGINEERING SERVICES LIMITED include the CEO, Jon Stanton, and the Chairman, Charles Berry. They lead a team of highly skilled engineers and professionals who are committed to delivering high-quality, sustainable solutions to their clients.
For more information on their products and services, interested parties can visit their website at www.global.weir. The registered office address is Weir Group PLC, 1 West Regent Street, Glasgow, G2 1RW, United Kingdom. WEIR ENGINEERING SERVICES LIMITED continues to be a leader in the engineering industry, driving innovation and sustainability in all aspects of their operations.