SEMBCORP UTILITIES (UK) LIMITED

Company number: 04636301

Reporting period:
1 July 2018 to 31 December 2018

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This report was filed on 20 February 2019

and approved by Stephen Hands

Payment statistics

Average time taken to pay invoices: 50 days

Invoices paid:

• within 30 days: 7%
• in 31 to 60 days: 77%
• in 61 days or more: 16%

Invoices due but not paid within agreed terms: 0%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

Our standard payment terms are 'month end after month of invoice'. Therefore we make payment into supplier bank accounts by the month end after the month of invoice date. Therefore if the invoice is dated 31st of the month, this will be paid in around 30 days by the 31st of the following month. If the invoice is dated 1st of the month, this will be paid in around 60 days by the end of the following month.

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

60 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Disputes are considered by our Invoice Resolution team which are usually resolved within 1-2 weeks liaising with the Procurement department to come to a timely resolution.

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