E.ON CONTROL SOLUTIONS LIMITED

Company number: 04681451

Reporting period:
1 July 2019 to 31 December 2019

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 periods

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?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

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, 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.

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.

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?