ORMONDE ENERGY LIMITED
Company number: 04874027
Reporting period:
1 January 2018 to
30 June 2018
This report was filed on 9 August 2018
and approved by Christiam Sommer
Payment statistics
Average time taken to pay invoices: 7 days
Invoices paid:
- within 30 days: 92%
- in 31 to 60 days: 7%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 20%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
Standard Payment Terms are 60 days from the issue of the invoice. Exception is reviewed depending on the particular scope of the Contract.
Were there any changes to the standard payment terms in the reporting period?
Standard payment terms have increased from 30 days to 60 days and suppliers have been notified at the start of any new process.
Were suppliers notified or consulted about these changes before they were made?
In writing
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
payment related disputes are handled by the respective contract manager or if such a role does not exist for the given activity, the project manager.
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, 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.
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