GOV.UK
ENI UK LIMITED
Company number: 00862823
Reporting period:
1 January 2018
to 30 June 2018
This report was filed on 30 July 2018
and approved by Francesca Rinaldi
Payment statistics
Average time taken to pay invoices: 46 days
Invoices paid:
- within 30 days: 35%
- in 31 to 60 days: 51%
- in 61 days or more: 14%
Invoices due but not paid within agreed terms: 65 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
Standard terms for the payment to suppliers are 30-60 days.
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
The below two factors need to be taken into account when interpretating the statistics in this report:
1. Most payments are processed through BACS transfers twice a week rather than daily. A large number of payments in the statistics of this report are presented as not paid within the agreed terms for that reason; where this is the case payments will normally be received by the supplier within a few days of the due date.
2. Payment statistics presented in this report include payments made to other Eni group companies. The payment pattern and resolution of disputed invoices can be different for third party and intercompany suppliers.
Dispute resolution process
The Company will contact the supplier in case of any material discrepancies with the agreed terms on an invoice or in relation to other disputed matters. The supplier and the Company will endeavour to resolve any dispute in accordance with the terms of the relevant contract.
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