CERTAS ENERGY UK LIMITED
Company number: 04168225
Reporting period:
1 October 2019
to 31 March 2020
This report was filed on 27 April 2020
and approved by Steve Little
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 51%
- in 31 to 60 days: 47%
- in 61 days or more: 2%
Invoices due but not paid within agreed terms: 12 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
The majority of our suppliers are on 30 day terms
Were there any changes to the standard payment terms in the reporting period?
Yes –
We changed one contract from 30 to 33 days
Were suppliers notified or consulted about these changes before they were made?
Yes – We follow a tender process for any contractual requirements which includes a Request for Quote (RFQ) – Our supplies team fill out the RFQ document and submit to the selected suppliers within the time frame requested by the business. Suppliers put forward the payment terms to the business as part of their RFQ submissions. When the tender process is complete and contracts are awarded, we will confirm the payment terms to the supplier as part of the award confirmation.
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
Any queries will be dealt with in our accounts payable team at Larbert. There are 2 dedicated mailboxes we use for these queries and all e-mails sent here will be dealt with 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