GOV.UK
E.ON CONTROL SOLUTIONS LIMITED
Company number: 04681451
Reporting period:
1 July 2019
to 31 December 2019
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 6 March 2020
and approved by Adam Holliday
Payment statistics
Average time taken to pay invoices: 65 days
Invoices paid:
- within 30 days: 6%
- in 31 to 60 days: 45%
- in 61 days or more: 49%
Invoices due but not paid within agreed terms: 78 %
Payment terms
Shortest standard payment period
45 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms are 45 days net monthly - the vast majority of supplier are paid on these terms.
However there are a few suppliers on 60 day net monthly, 30 day net monthly, 7 day terms and next available payment days. These
are not company standard payments
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
Complaints will be investigated by the finance department to determine whether the payment is late. The pre-agreed payment terms
will be check and response is usually with 5 working days
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.
Yes
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