GOV.UK
UNIPER TECHNOLOGIES LIMITED
Company number: 02902387
Reporting period:
1 January 2019
to 30 June 2019
This report was filed on 18 July 2019
and approved by David Potter
Payment statistics
Average time taken to pay invoices: 41 days
Invoices paid:
- within 30 days: 44%
- in 31 to 60 days: 34%
- in 61 days or more: 22%
Invoices due but not paid within agreed terms: 64 %
Payment terms
Shortest standard payment period
15 days
Longest standard payment period
60 days
Standard payment terms
The new SPTs will have the following payment term codes in SAP:
YN15 – 15 days -3% discount
YN30 – 30 days -2% discount
YN60 – 60 days net
64% late This is due to timing of the payment run dates. If we removed the 1-5days option this total would be 10%
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
45 days
45 Days end of month payable on the 5th.
Any other information about payment terms
We conduct two payment runs a week. Tuesday and Thursday Payments falling due over the weekend or cut of dates will be rolled into the following run. This explains the high percentage in payments being made 1 to 5 days late.
Dispute resolution process
7.8 Where Uniper disputes any part of an invoice it shall promptly notify the Supplier of the reasons for the dispute and the sums concerned. The Parties shall endeavour to resolve such dispute in good faith, provided that, in default of resolution within ten (10) Business Days after service of the said notice, either Party may invoke the Dispute Resolution Process; and pending final resolution Uniper shall be entitled to withhold the disputed amount (and interest under Clause 7.6 shall not accrue).
16. DISPUTE RESOLUTION
16.1 Subject to Clause 7.8, the Parties shall use reasonable endeavours to resolve all disputes arising in connection with this Agreement amicably by negotiation between its Responsible Managers but if any such dispute is not so settled within thirty (30) days after it has arisen, either Party may, by giving notice to the other Party, making express reference to this Clause 16.1, escalate the dispute to the managers of each Responsible Managers; and if the dispute is not settled within thirty (30) Business Days after the date of giving such notice the Parties shall be free to commence litigation to resolve the dispute.
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
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