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E.ON CONTROL SOLUTIONS LIMITED

Company number: 04681451

Reporting period:
1 January 2022 to 30 June 2022

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This information is as reported by the business, and responses are in their own words.

This report was filed on 28 July 2022

and approved by Michael Ramsden

Payment statistics

Average time taken to pay invoices: 62 days

Invoices paid:

• within 30 days: 9%
• in 31 to 60 days: 46%
• in 61 days or more: 45%

Invoices due but not paid within agreed terms: 74 %

Payment terms

Shortest standard payment period

45 days

Longest standard payment period

60 days

Standard payment terms

Standard payment terms are 45 days net monthly - the majority of suppliers are paid on these terms.
Some suppliers are paid on 60 day net monthly, 30 day net monthly, 7 day terms and next available payment days. These are not standard payment terms for the company.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

60 days

60 days net monthly

Any other information about payment terms

NA

Dispute resolution process

Any complaints that arise are investigated by the payment department to determine whether or not the payment is late.
The pre-agreed payment terms will be checked & a response is normally provided in 3-5 days.

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