SIMPLE ENERGY LIMITED
Company number: 09249540
Reporting period:
1 October 2020
to 31 March 2021
This report was filed on 28 April 2021
and approved by Hayden Wood
Payment statistics
Average time taken to pay invoices: 11 days
Invoices paid:
- within 30 days: 95%
- in 31 to 60 days: 5%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 0 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Our standard payment terms are 30 days from invoice date, regardless of when the invoice was received.
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
Our accounts payable team handles all disputes directly and in cooperation with our colleagues in the buyer’s position when necessary. We handle disputes promptly daily via email, post or phone. We have a clear escalation pathway to the CFO to ensure dispute resolution.
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