EGGBOROUGH POWER LIMITED
Company number: 03782700
Reporting period:
1 July 2018 to 31 December 2018
Report filed on:
31 January 2019
Approved by:
Tom Bains
Payment statistics
Average time taken to pay invoices: 48 days
Invoices paid:
- within 30 days: 30%
- in 31 to 60 days: 52%
- in 61 days or more: 18%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 47%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
Answer not provided
Standard payment terms
EPL standard payment terms are 60 days from receipt of invoice.
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
No further comment provided
Any other information about payment terms
EPL operate a weekly payment run, which means that actual payment dates can fall outside the agreed payment terms of the invoice. If an extra 7 days is taken into account then the percentage of invoices paid late to agreed terms statistic falls to 16%.
Dispute resolution process
Disputes with suppliers are dealt with on a case by case basis. EPL try to resolve these in a manner that suits all parties. The procedure is specified within each individual Contract. Although there is no timeframe for the resolution of the dispute all steps are taken to remedy queries as soon as possible.
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.
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