ITHACA ENERGY (UK) LIMITED
Company number: SC272009
Reporting period:
1 July 2022 to 31 December 2022
Report filed on:
31 January 2023
Approved by:
Iain Lewis
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 72%
- in 31 to 60 days: 22%
- in 61 days or more: 5%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
Answer not provided
Standard payment terms
Suppliers are paid within 30 days from receipt of a correctly prepared and adequately supported invoice.
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
The company has an email address for vendors to submit invoice and payment queries. A system-generated remittance advice is issued directly to the vendor as part of the payment process. Any disputes will be escalated to the relevant person for resolution.
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.
Yes, this business has signed up to: The Company adheres to OGUK Supply Chain Principles & OGA stewardship expectations 2012
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.
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