Their own payment-practices filing · gov.uk

Siemens Industry Software Computational Dynamics Limited paid suppliers in 1 days on average — right on its stated terms

CRN 02180851 · 11 statutory reports on record · period to 31 Mar 2023

Dated record. The latest report covers a period ending 31 Mar 2023 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

1daysavg time to pay · H1 2023

Their H1 2023 filing put the average right on the 1-day term they state.

Their stated terms: 1 days
Paid outside agreed terms: 52% of invoices
Paid after 61+ days: 0%
Reporting period: 1 Oct 2022 – 31 Mar 2023
Source: their gov.uk filing, filed 28 Apr 2023

Self-reported figures from their statutory filing. How this is compiled.

Terms vs reality · their H1 2023 filing

Paid right on the 1-day term they state

PAIDLATE · terms vs the clockdays to pay · 0–40

avg 1d

0 days40 days

reported avg 1 days their filed terms 0–1 days UK median 31 days · n = 6,104 recent filers

Where their invoices landed · share of all invoices

within 30 days 98% 31–60 days 2% 61+ days 0%

Source: their statutory Payment Practices Report #70659, period 1 Oct 2022 – 31 Mar 2023, filed 28 Apr 2023 · gov.uk payment-practices service

Siemens Industry Software Computational Dynamics Limited paid right on the term it states. 52% of invoices still went outside agreed terms; 0% reached 61 days or more. Self-reported in their statutory H1 2023 filing.

The pattern · last 6 of 11 reports

12 → 1 days — faster across the window

PAIDLATE · the patternavg days per report

Last 6 of 11 filed reports · linear day scale · every period is in the table below · Source: gov.uk payment-practices service

11 days faster across the window. From 12 days in H2 2020 to 1 in the H1 2023 filing; the dashed line marks the 1-day term they state.

The read · computed from their figures

Siemens Industry Software Computational Dynamics Limited's H1 2023 filing put their average at 1 days against stated terms of 1 days; 52% of invoices were paid outside agreed terms and 0% took 61 days or longer. Filed 28 Apr 2023.

The direction is faster: from 12 days in H2 2020 to 1 now — 11 days faster across their last 6 reports.

That is 11 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.

What they tell their suppliers

Offers e-invoicing

In their own words · from the filing

Standard payment terms

The payment terms are assigned by the Business units on a case by case basis:- Payment terms usage is as follows: 100% were only Intercompany clearing transactions due net end of the month (only available to Siemens intercompany),. Please note Intercompany clearing terms are available to Siemens companies only and payment method for such terms results in clearing of such transactions without any transmission of money external to Siemens cash pool.

Dispute resolution

1) Central Accounts Payable (AP) team for payment enquiries, contact points via e-mail. Relevant details are on Purchase Orders, usually the address of the business unit. E-mail: [email protected] 2) AP liaise with supplier to obtain and process missing invoices a) Check existing systems (scan provider - Brainware/invoice process queue to see if invoice already in query and/or rejected invoices - workflow EZ-Suite) 3) AP liaise with suppliers to confirm payment details (past and upcoming) 4) AP liaise with approvers to release overdue invoices for payment 5) AP team contact the vendor and try to solve the issue together with the business unit

Other information

During the period changes were made to payment terms for specific suppliers after consultation with suppliers. No payments terms were used where no early settlement discounts were applied

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H1 2023	1	52%	0%	28 Apr 2023
H2 2022	16	32%	8%	26 Oct 2022
H1 2022	16	32%	8%	4 May 2022
H2 2021	15	22%	6%	1 Nov 2021
H1 2021	20	16%	12%	29 Apr 2021
H2 2020	12	12%	5%	29 Oct 2020
H1 2020	16	13%	6%	28 Apr 2020
H2 2019	17	19%	7%	29 Oct 2019
H1 2019	18	18%	7%	10 Apr 2019
H2 2018	12	24%	2%	25 Oct 2018
H1 2018	12	24%	2%	19 Apr 2018

Quick answers · Siemens Industry Software Computational Dynamics Limited

Are they getting slower or faster?

Their reported average has moved about 11 days faster over the window (12 → 1 days).

What's their typical pay point?

Their latest filed report put the average at day 1; across their last 6 reports it ranged 1–20 days. Treat that as a historical reference point, not a promise for a new invoice.

Can I see what this means for my invoices?

Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.

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How UK payment reporting works

What is a Payment Practices Report?

UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.

What does "paid outside agreed terms" mean?

The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.

How often is this data updated?

Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.

Is this official government data?

The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-02180851 · latest period to 31 Mar 2023

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