ATLANTICA YIELD PLC
Company number: 08818211
Reporting period:
1 January 2019 to 30 June 2019
Report filed on:
25 July 2019
Approved by:
Santiago Seage
Payment statistics
Average time taken to pay invoices: 54 days
Invoices paid:
- within 30 days: 20%
- in 31 to 60 days: 49%
- in 61 days or more: 31%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 55%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
Answer not provided
Standard payment terms
Unless otherwise agreed in writing, the payment of third party invoices for goods and services will be made within 60 days of issuance of a correct, undisputed and properly due invoice, such invoices to be provided by the supplier within the time agreed with Atlantica Yield Plc via the following address: invoices@atlanticayield.com
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
No further comment provided
Dispute resolution process
Dispute resolution is handled on a case-by-case basis and seeking to resolve disputes as quickly as possible. If suppliers have any queries regarding invoices and payments they can contact invoices@atlanticayield.com, which acts as an information center. Once an invoice dispute is received, we aim to resolve this in a fair and timely manner with the accounts payable team. If this is not possible, the query will be escalated within the Company until a satisfactory outcome can be reached. When resolved, the invoice will be available for payment on the next standard payment run.
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.
Yes
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