PUMA ENERGY (UK) LIMITED
Company number: 09156625
Reporting period:
1 January 2020 to 30 June 2020
Report filed on:
30 July 2020
Approved by:
Roy Brooke
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 64%
- in 31 to 60 days: 34%
- in 61 days or more: 2%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 17%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
61 days
Standard payment terms
30 days are standard for non-inventory purchases 45 days are standard for inventory purchases
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
61 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
Supplier invoices will be paid once the work is complete and has been accepted by puma. any invoices without quoting a valid purchase order will be returned to the supplier by accounts payable with reason for rejection. Disputes should be resolved between the supplier and their business contact within Puma. Disputes or concerns can be escalated to UKPayables@pumaenergy.com. Please ensure all invoices are correctly addressed to : Puma Energy (UK) Ltd Westerleigh Terminal Oakley Green Oakley Green Farm Lane, Westerleigh, Bristol BS37 8QE
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 Fair 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