ENI ELGIN/FRANKLIN LIMITED
Company number: 03772746
Reporting period:
1 July 2019 to
31 December 2019
This report was filed on 30 January 2020
and approved by MANFREDI GIUSTO
Payment statistics
Average time taken to pay invoices: 22 days
Invoices paid:
- within 30 days: 76%
- in 31 to 60 days: 24%
Invoices due but not paid within agreed terms: 24%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Standard contractual terms for the payment to suppliers are 30 days.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
No further comment provided
Any other information about payment terms
Payment statistics presented in this report include payments made to other Eni group companies. This factor needs to be taken into account when interpreting the statistics, as the payment pattern can be different for third party and intercompany suppliers.
Dispute resolution process
The Company will contact the supplier in case of any material discrepancies with the agreed terms on an invoice or in relation to other disputed matters. The supplier and the Company will endeavour to resolve any dispute in accordance with the terms of the relevant contract.
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, 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