GOV.UK
TOTAL UK LIMITED
Company number: 00553535
Reporting period:
1 January 2021
to 30 June 2021
This report was filed on 29 July 2021
and approved by Almila Acan Kahvecioglu
Payment statistics
Average time taken to pay invoices: 43 days
Invoices paid:
- within 30 days: 41%
- in 31 to 60 days: 41%
- in 61 days or more: 18%
Invoices due but not paid within agreed terms: 29 %
Payment terms
Standard payment period for qualifying contracts
60 days
Standard payment terms
Suppliers of goods and services to the Company that contract on our General Terms and Conditions are offered 60 day payment terms from the invoice date. Authorised invoices will be paid on the weekly supplier payment run for the week which is closest to 60 days after the invoice date. This may result in payments being received after the agreed number of days due to such payment date falling prior to the weekly payment run. A copy of our General Terms and Conditions can be found on our website (https://www.services.totalenergies.uk/standard-conditions-sale-and-purchase). The percentage of invoices that have not been paid within the agreed terms is due principally to those being received late or being disputed.
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
In the event that a dispute arises and cannot be resolved by our Accounts Payable team, it would be escalated in the first instance to the Review Committee (comprising of members from both the Company and the supplier). If the Review Committee is unable to resolve the dispute, the matter shall be escalated to senior representatives from each Company. If after 30 days, the dispute remains unresolved the matter shall be referred to the Managing Directors of both parties. If no resolution is reached by this stage, either party may issue court proceedings. For detailed information, please refer to Article 27 of the General Terms and Conditions.
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