ORMONDE ENERGY LIMITED
Company number: 04874027
Reporting period:
1 July 2020
to 31 December 2020
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 17 February 2021
and approved by Christian Sommer
Payment statistics
Average time taken to pay invoices: 16 days
Invoices paid:
- within 30 days: 92%
- in 31 to 60 days: 7%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 37 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
82 days
Standard payment terms
Payment terms are 60 days from the issue of the invoice. Exemption is reviewed depending on the particular scope of the contract.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
N/A
Dispute resolution process
Payment related disputes are handled by the respective contract manager or if such role does not exist for the given activity, the project manager.
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.
Yes
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?
Yes
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No