SPARK ENERGY LIMITED
Company number: SC301188
Reporting period:
1 July 2018 to 31 December 2018
Report filed on:
31 January 2019
Approved by:
Hamish Osborn
Payment statistics
Average time taken to pay invoices: 15 days
Invoices paid:
- within 30 days: 89%
- in 31 to 60 days: 10%
- in 61 days or more: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 13%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
30 days after receipt of invoice.
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
90 days payment term agreed with 1 supplier.
Any other information about payment terms
With regards to the 13% of invoices due but not paid this was the result of an entity of Spark Energy Limited (Spark Energy Supply) being placed into Administration. Without the administration the percentage of non payment would be 2%
Dispute resolution process
Within the first 2 weeks of receiving an invoice, we review and validate. If there are any queries, we revert to the supplier for answers. In the unlikely event of a dispute, we try to make part payment of invoices until the outstanding issues are resolved and then make payment of the remainder.
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