ENGIE REGENERATION LIMITED
Company number: 01738371
1 January 2019
to 30 June 2019
This report was filed on 30 July 2019
and approved by Simon Pinnell
Average time taken to pay invoices: 62 days
- within 30 days: 10%
- in 31 to 60 days: 41%
- in 61 days or more: 49%
Invoices due but not paid within agreed terms: 5 %
Standard payment period for qualifying contracts
Standard payment terms
Terms agreed at the time of order range from 7 days to 60 days from the end of month of supply
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Any other information about payment terms
Dispute resolution process
Any disputes are escalated within the Finance Team and any that cannot be resolved within this team and the supplier would be escalated to the supplier Account Manager and the Supply Chain Manager
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.
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?