Company number: 04267569
and approved by Matthew Coppenhall
Average time taken to pay invoices: 64 days
Invoices paid:
Invoices due but not paid within agreed terms: 28%
60 days
Answer not provided
Standard payment terms are 60 days from receipt of invoice. 60 days is also the maximum contractual payment period. By negotiation or other exception some suppliers are paid on terms less than 60 days. EDF Energy operates a process of paying once or twice each week. This is balanced by paying early for some invoices and later for others. Over the supplier base and over time this averages out to zero days late, but does impact our late payment figures without early payments being reflected. There have been no changes to the standard payment terms during this reporting period.
Answer not provided
N/A
60 days
No further comment provided
N/A
Suppliers must contact the individual named on the purchase order. After that a resolution is achieved based on the relevant provisions set out in the contract.
For example, signatories to The Prompt 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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
Yes
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
No
No