GOV.UK
DRAX GENERATION ENTERPRISE LIMITED
Company number: SC189124
Reporting period:
1 July 2018
to 31 December 2018
This report was filed on 30 January 2019
and approved by Andrew Koss
Payment statistics
Average time taken to pay invoices: 23 days
Invoices paid:
- within 30 days: 95%
- in 31 to 60 days: 4%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 13 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
In addition to the above we have identified 131 invoices which were due outside of the reporting period but had not been received and so not previously reported as “due but not paid within agreed terms”, if included this would result in “invoices due but not paid within agreed terms” being 15%.
Standard contract payment terms are 30 days, however terms are agreed with suppliers as part of contract negotiations.
The Maximum payment terms in this period was 60 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Maximum contractual payment terms are 90 days. Payment terms are agreed with suppliers as part of contract negotiations.
Any other information about payment terms
N/A
Dispute resolution process
Queries regarding the status of an invoice can be directed to the Accounts Payable Team via the following email address; supplieraccounts@scottishpower.com
For specific contractual disputes please contact the individual who initially ordered the goods or services provided. The agreed contractual dispute process will then be followed.
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
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