PANDROL LIMITED

A. UK Suppliers
The standard payment term for Suppliers located in the United Kingdom is the first working day of the second month following the date of invoice (for example, invoices dated between 1st April and 30th April 2022 would be payable on 1st June 2022). On average this equates to a standard payment term of 46 days from date of invoice.
As an exception to the standard payment terms, UK utility, telecommunications, local authority, vehicle leasing and certain professional services suppliers are paid within 30 days from the date of invoice.
B. Overseas Suppliers
The standard payment term for Suppliers located outside the United Kingdom is within the first five working days of the second month following the date of goods receipt (for example, invoices in respect of goods received between 1st April and 30th April 2022 would be payable by 7th June 2022). Dependent on the transit period this equates to a standard average payment term of between 45 and 80 days from date of invoice.

As an exception to the standard payment terms, invoices from an Australian Group Company are payable at the end of the third month following the date of invoice (for example, invoices dated between 1st February and 28th February 2022 would be payable by 26th May 2022). On average this equates to a standard payment term of circa 100 days from date of invoice.

The Company has a dedicated Accounts Payable department that is contactable by phone (01909 476101) and email (accounts.payable@pandrol.com). Vendors with invoice or payment queries should contact this team in the first instance to discuss their issues. If the service team are unable to offer a satisfactory resolution the issue can be referred to either the Finance Controller or Finance Director.