THE RENEWABLES INFRASTRUCTURE GROUP (UK) LIMITED

Company number: 08506871

Reporting period:
1 July 2018 to 31 December 2018

---

This report was filed on 24 January 2019

and approved by Phil George

Payment statistics

Average time taken to pay invoices: 13 days

Invoices paid:

• within 30 days: 100%

Invoices due but not paid within agreed terms: 0%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

Answer not provided

Standard payment terms

The standard contractual length of time for the payment of invoices that the company enters into is 30 days. The maximum contractual payment period the company has entered into in the reporting period for qualifying contracts is 30 days. The shortest payment period entered into is 7 days. There have been no changes to the standard payment terms in the reporting period.

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

180 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

The company deals in a transparent, fair and professional manner and the process for resolving disputes on related payments is to attempt to form a settlement with the payment beneficiary; failure to progress this would escalate the dispute to the senior management team.

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.

No

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