CLEAR BUSINESS WATER LIMITED
Company number: SC444366
Reporting period:
1 November 2021 to 30 April 2022
Report filed on:
1 June 2022
Approved by:
Paul Doherty
Payment statistics
Average time taken to pay invoices: 17 days
Invoices paid:
- within 30 days: 95%
- in 31 to 60 days: 4%
- in 61 days or more: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 5%
Payment terms
Shortest standard payment periods
4 days
Longest standard payment period
30 days
Standard payment terms
The majority of supplies to Clear Business Water are invoiced under industry regulated billing timetables. Under these timetables, payment terms can vary between 4 days and 30 days depending on the invoice type.
For suppliers that fall outside of the regulated supply, payment terms are 30 days.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Where there are disputes in relation to invoices issued by wholesale providers, payment is usually made in full and in line with the regulatory timetable whilst the dispute is raised and resolved with the supplier.
Any dispute in relation to other supplier invoices are considered and raised by the operational department who is responsible for the supplied goods or services. Disputes are usually flagged to the supplier within a week of receipt of invoice.
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 Fair 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.
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