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Company number: 02796628

Reporting period:
1 July 2018 to 31 December 2018

Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 30 January 2019

and approved by Matthew Bayes

Payment statistics

Average time taken to pay invoices: 47 days

Invoices paid:

Invoices due but not paid within agreed terms: 28 %

Payment terms

Shortest standard payment period

15 days

Longest standard payment period

60 days

Standard payment terms

The new SPTs will have the following payment term codes in SAP:
YN15 – 15 days -3% discount
YN30 – 30 days -2% discount
YN60 – 60 days net

Were there any changes to the standard payment terms in the reporting period?

Yes – As of 01/01/2018 we changed our standard payment terms from 45 day’s end of month net due on the 5th. To a standard 60 day’s net.
Current Contracts were not affected. Changed terms only apply to any new Contracts placed or renewed. See Standard payment terms details

Were suppliers notified or consulted about these changes before they were made?

Yes – Contract agreements when Purchase Orders are issued

Maximum contractual payment period agreed

60 days

Any other information about payment terms


Dispute resolution process

7.8 Where Uniper disputes any part of an invoice it shall promptly notify the Supplier of the reasons for the dispute and the sums concerned. The Parties shall endeavour to resolve such dispute in good faith, provided that, in default of resolution within ten (10) Business Days after service of the said notice, either Party may invoke the Dispute Resolution Process; and pending final resolution Uniper shall be entitled to withhold the disputed amount (and interest under Clause 7.6 shall not accrue).


16.1 Subject to Clause 7.8, the Parties shall use reasonable endeavours to resolve all disputes arising in connection with this Agreement amicably by negotiation between its Responsible Managers but if any such dispute is not so settled within thirty (30) days after it has arisen, either Party may, by giving notice to the other Party, making express reference to this Clause 16.1, escalate the dispute to the managers of each Responsible Managers; and if the dispute is not settled within thirty (30) Business Days after the date of giving such notice the Parties shall be free to commence litigation to resolve the dispute.

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.


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.


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.


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?


During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?