ENERGETICS DESIGN & BUILD LIMITED
Company number: SC234695
Reporting period:
1 October 2018 to 31 March 2019
Report filed on:
30 April 2019
Approved by:
Jonathan Paul Howard
Payment statistics
Average time taken to pay invoices: 58 days
Invoices paid:
- within 30 days: 26%
- in 31 to 60 days: 22%
- in 61 days or more: 52%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 23%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Standard terms are 30-60 days, lower terms are in place with some suppliers where appropriate.
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
A range of standard terms are entered into by the entity dependant on several factors including value, volume, service and goods being purchased. These are also dependant on the terms existing in the market and the level of competition. When a valid invoice is received it is promptly processed and included within our weekly payment run.
Dispute resolution process
Major suppliers have designated members of the Finance department as a point of contact regarding queries. In addition, query logs are prepared by the Finance department and shared with the suppliers account managers in order to resolve any issues promptly.
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