INTERNATIONAL POWER LTD.
Company number: 02366963
Reporting period:
1 July 2019
to 31 December 2019
This report was filed on 30 January 2020
and approved by Simon Pinnell
Payment statistics
Average time taken to pay invoices: 50 days
Invoices paid:
- within 30 days: 66%
- in 31 to 60 days: 18%
- in 61 days or more: 16%
Invoices due but not paid within agreed terms: 63 %
Payment terms
Shortest standard payment period
1 days
Longest standard payment period
60 days
Standard payment terms
Payment terms vary between ad-hoc immediate payments to 60 day payment terms. The majority of International Power suppliers are paid to 30 day payment terms.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
All supplier invoices must be submitted with a valid purchase order to ensure compliance and timely payment.
We aim to resolve any invoices placed in dispute within 10 working days to ensure the supplier can be paid as quickly as possible.
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