Their own payment-practices filing · gov.uk

How long does Siemens Industry Software Computational Dynamics Limited take to pay its suppliers?

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

1days

their reported average time to pay suppliers, latest period

Slower than mostvs a 31-day median across 6,185 recent filers

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

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.

Terms vs reality

Stated terms: 0–1 days. Reported average: 1.

Stated terms0–1d

+1 days

Reported avg1d

At a glance

The key figures

0–1d

their stated terms

52%

invoices paid outside terms

-11d

faster over the window

±8d

variable pattern

Vs peers · latest reported averages

fasterslower

Faster than 100% of large companies reporting.

The pattern

Getting faster

Average days to pay across their last 6 statutory reports.

H2 2020H1 2021H2 2021H1 2022H2 2022H1 2023

Where their supplier invoices land · latest period

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

The read · computed from their figures

Siemens Industry Software Computational Dynamics Limited has filed 11 statutory payment periods (earliest H1 2018). Their latest report puts the average at 1 days against stated terms of 0–1 days.

The direction is faster: from 12 to 1 days over the window — about 11 days faster.

In the latest period 52% of invoices were paid outside their agreed terms, and 0% landed 61+ days out.

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

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 reports average around day 1, moving within about ±8 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.

Stay ahead

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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 6,185 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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