| 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 2019 - 31 Dec 2019 | 28 Jan 2020 | 39 | 38% | 54% | 8% | 39% |
| 01 Jan 2019 - 30 Jun 2019 | 16 Aug 2019 | 36 | 40% | 55% | 5% | 44% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 36 | 41% | 52% | 7% | 51% |
| 01 Jan 2018 - 30 Jun 2018 | 20 Aug 2018 | 37 | 40% | 52% | 8% | 45% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
https://www.coorstek.com/media/2920/coorstek-scotland-new-mills-terms-and-conditions-of-purchase.pdf
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
Terms and conditions of purchase are available at this website: https://www.coorstek.com/media/2920/coorstek-scotland-new-mills-terms-and-conditions-of-purchase.pdf Any dispute can be raised with the Finance Department based at the company address. If no resolution can be found by this process then pursuing a legal solution is possible.
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
CoorsTek Limited is a Scottish-registered company incorporated in 1988, previously known as POG 10 Limited, then Coors Ceramics Electronics Limited, and later Coors Ceramics Company Limited before adopting its current name. Companies House records its business activity as the manufacture of ceramic products not elsewhere classified and the manufacture of pumps. The company is controlled by Coorstek Inc, a US-based corporation, indicating it operates as the UK subsidiary within the wider CoorsTek group. It remains an active private limited company, filing group accounts and confirmation statements. No further detail on specific products, customers or trading premises is available from the supplied evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk