GOV.UK
ENGIE FM LIMITED
Company number: 00665702
Reporting period:
1 January 2018
to 30 June 2018
This report was filed on 25 July 2018
and approved by Simon Pinnell
Payment statistics
Average time taken to pay invoices: 77 days
Invoices paid:
- within 30 days: 20%
- in 31 to 60 days: 54%
- in 61 days or more: 26%
Invoices due but not paid within agreed terms: 37 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
60 days
Standard payment terms
The business standard payment terms are 60 days although there are various payment terms in place for our suppliers ranging from immediate to a maximum of 60 days. All suppliers linked to a public sector contract have payment terms of 30 days applied and this is constantly under review to ensure all appropriate suppliers have the correct payment terms allocated. During this particular reporting period, 38% of the invoices paid were subject to payment terms of 30 days or less
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
The fair treatment of all suppliers and subsequent payment of invoices within agreed timescales is important to Engie.
Supplier Relationship Management, within the Procure to Pay process, ensures that we work closely with our suppliers to resolve all known disputes and maintain relationships thus preventing financial issues for them and impact on business operations for ourselves.
Invoices will be placed in dispute for a variety of reasons: non-compliance, price/value mismatches, issues with the goods/services or being invoiced without the goods having been received. In all cases, Engie seeks to resolve disputes as quickly as possible.
As soon as the dispute is identified, the reason for dispute is notified to the supplier and tracked through to resolution. Suppliers are kept up to date regarding progress as well as being issued with regular statements advising of the status of all invoices awaiting payment.
All invoices for payment should be e-mailed to invoicesubmission@engie.com.
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