AES KILROOT POWER LIMITED
Company number: NI026039
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
14 September 2018
Approved by:
Serhiy Zuyev
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 69%
- in 31 to 60 days: 30%
- in 61 days or more: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 20%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
60 days
Standard payment terms
Typically standard payment terms are agreed with suppliers are 30 days. Sometimes it happen to pay urgent in order to support business critical activity.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
It depends on the particular contract and the terms that were agreed. Practice is to have payment terms at least 30 days, but it happen to be agreed less as there are some critical suppliers for the business.
Any other information about payment terms
No further comment provided
Dispute resolution process
As we have internal procedures and checks every dispute is followed by the necessary tracking of our internal processes and reasons. If the mistake is in our plate we try to find a way to avoid it in future. If the mistake is in supplier, he has to correct himself. There is intensive communication with all involved parties through the whole process.
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 Fair 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.
Yes
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?
Yes
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
Yes