RWE RENEWABLES UK SWINDON LIMITED
Company number: 02550622
Reporting period:
1 July 2020 to
31 December 2020
This report was filed on 28 January 2021
and approved by Benjamin Freeman
Payment statistics
Average time taken to pay invoices: 39 days
Invoices paid:
- within 30 days: 71%
- in 31 to 60 days: 21%
- in 61 days or more: 8%
Invoices due but not paid within agreed terms: 28%
Payment terms
Shortest standard payment periods
3 days
Longest standard payment period
90 days
Standard payment terms
Standard payment terms for projects is 30 days from receipt of a valid invoice and 60 days for all other business areas. Variations are agreed for individual circumstances.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Invoices that cannot be validated are queried out to the business using an integrated workflow solution which is constantly monitored to ensure responses are received in the required timescales. Vendors contact the Shared Service Centre Help desk with any queries. A ticketing solution is used to monitor queries where the answer is not provided instantly. Late payment charges are negligible. The Company investigates and resolves any such incidents immediately. Costs are not recorded centrally, they are charged to the business area responsible In case of queries relating to payments, contact our Shared Service Centre at RWE SSF Help Desk email is accounting_services@rwe.com tel: 01793 892015 to register under our Business dispute resolution process For dispute resolution, contact : accounting_services@rwe.com telephone 01793 892015.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
Yes
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No