SCOTTISH POWER UK PLC
Company number: SC117120
Reporting period:
1 July 2021
to 31 December 2021
This report was filed on 27 January 2022
and approved by Nicola Connelly
Payment statistics
Average time taken to pay invoices: 29 days
Invoices paid:
- within 30 days: 87%
- in 31 to 60 days: 9%
- in 61 days or more: 4%
Invoices due but not paid within agreed terms: 19 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
30 days from invoice date
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Any other information about payment terms
N/A
Dispute resolution process
At ScottishPower we try to resolve any invoice disputes or queries as quickly as possible. Queries regarding the status of an invoice can be directed to the Accounts Payable Team via the following email address; supplieraccounts@scottishpower.com.
Additionally we also offer a web portal service that allows suppliers the ability to register and then login and view the status of their invoices and when they will be paid. To register for the web portal please use the following website; https://www.iberdrola.com/webprovc/register/register.action
For specific contractual disputes please contact the individual who initially ordered the goods or services provided. The agreed contractual dispute process will then be followed.
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.
Yes
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.
Yes
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