BRITISH GAS SOCIAL HOUSING LIMITED
Company number: 01026007
Reporting period:
1 July 2019 to 31 December 2019
Report filed on:
29 January 2020
Approved by:
Sarah Mussenden
Payment statistics
Average time taken to pay invoices: 25 days
Invoices paid:
- within 30 days: 65%
- in 31 to 60 days: 33%
- in 61 days or more: 2%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 22%
Payment terms
Shortest standard payment periods
28 days
Longest standard payment period
30 days
Standard payment terms
We have standard payment terms of 30 days, but the procurement organisation allows for shorter payment terms for smaller suppliers during the contract negotiation process. Sub-contractors are typically paid within 28 days. We operate a weekly payment run with invoices due falling into the next payment run. If this was adjusted in the metrics, the proportion of late payment would be more inline with other British Gas and Centrica Group entities.
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
To prevent a delay in invoice processing, invoices must be clearly legible, comply with HMRC regulations and should include supplier details, purchase order number invoice number, invoice date and payment instructions, as well as the Centrica point of contact who requested the goods or services. Invoices should be issued electronically to PHJonesAP@boxit.co.uk Invoices issued without the above details may not be accepted and may be returned for amendment before being processed.
Dispute resolution process
Any disputes the suppliers should contact their specific contact at PH Jones Accounts Payable - aphelpdesk@centrica.com. The Accounts Payable team will consider the complaint and respond accordingly.
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