AWE PLC
Company number: 02763902
Reporting period:
1 July 2019
to 31 December 2019
This report was filed on 30 January 2020
and approved by Mr Peter Morton
Payment statistics
Average time taken to pay invoices: 27 days
Invoices paid:
- within 30 days: 84%
- in 31 to 60 days: 11%
- in 61 days or more: 5%
Invoices due but not paid within agreed terms: 16 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
For an invoice to be held as valid the supplier should invoice for the contract price payable in accordance with the contract after the end of the month in which the goods or services have been provided. AWE pays all amounts due to the contractor within 30 days after receipt of a valid invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
N/A
Dispute resolution process
In accordance with our internal dispute resolution work instruction, disputes will be first reviewed by the buyer and where possible a resolution with be agreed between the buyer and supplier. The contract will be reviewed to ensure that any dispute resolution terms are adhered to.
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