GOV.UK
ENERVEO LIMITED
Company number: 02317133
Reporting period:
1 April 2021
to 30 September 2021
This report was filed on 29 October 2021
and approved by Justin Ridley
Payment statistics
Average time taken to pay invoices: 23 days
Invoices paid:
- within 30 days: 85%
- in 31 to 60 days: 14%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 11 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
60 days
Standard payment terms
30 day payment terms for SMEs (50 employees and under). 60 day payment terms for large companies.
Were there any changes to the standard payment terms in the reporting period?
Yes – Standard payment terms for SMEs consolidated to 30 days and standard payment terms for large companies consolidated to 60 days, unless prior contract in place.
Were suppliers notified or consulted about these changes before they were made?
Yes – Initial online meeting held via Microsoft Teams by Heads of Commercial and Procurement, all of supply chain invited to attend. Further notification of changes sent via email in advance of changes.
Maximum contractual payment period agreed
60 days
NA
Any other information about payment terms
NA
Dispute resolution process
Initial contact for disputes via accounts payable mailbox, standard turnaround time of 2 working days. Further escalation available to Head of Accounts Payable dept, email, landline and mobile phone number available to all of supply chain - escalations are looked into immediately.
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.Yes – Prompt Payment Code
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