CENTRICA LNG COMPANY LIMITED
Company number: 06366483
Reporting period:
1 July 2021
to 31 December 2021
This report was filed on 26 January 2022
and approved by Stefka Gerova
Payment statistics
Average time taken to pay invoices: 9 days
Invoices paid:
- within 30 days: 100%
- in 31 to 60 days: 0%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 0 %
Payment terms
Standard payment period for qualifying contracts
10 days
Standard payment terms
Centrica LNG Company Ltd does not have standard payment terms. The most frequently used payment terms are 10 business days after the date or receipt of invoice and relate to settlement of transactions for petroleum and natural gas mining.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
45 days
The maximum contractual payment terms is 45 days. This varies according to product and supplier. Terms are mutually agreed at the contract negotiation or on boarding stage.
Any other information about payment terms
To prevent a delay in invoice processing, invoices must be clearly legible, comply with HMRC regulations and should include supplier details, purchase order number (if applicable) invoice number, invoice date and payment instructions, as well as the Centrica point of contact who requested the goods or services.
Dispute resolution process
Any disputes the suppliers should contact their specific contact within Accounts Payable Group. The Accounts Payable team will consider the complaint and respond accordingly.
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