ENERGIZER TRADING LIMITED
Company number: 02078560
Reporting period:
1 April 2018 to 30 September 2018
Report filed on:
8 February 2019
Approved by:
Mark S. LaVigne
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 51%
- in 31 to 60 days: 35%
- in 61 days or more: 14%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 26%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
Under Energizer’s standard contractual terms we commit to the payment of all undisputed sums properly due to third party suppliers within 60 days of the Vendor Invoice Date. Depending on their nature, a small number of suppliers have standard terms that are 0 days, 30, 45 and 90 days. On average we took 30 days to pay third party suppliers from the date the invoice was received by Energizer’s AP processing centre.
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
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Energizer will seek to resolve any issues in the first instance through dialogue between the authorised representatives of the firm and the supplier. If the matter cannot be resolved, the issue may require escalation to senior management levels of both the supplier and Energizer.
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