SCOTTISH HYDRO ELECTRIC TRANSMISSION PLC
Company number: SC213461
1 October 2022
to 31 March 2023
This report was filed on 28 April 2023
and approved by Rob McDonald
Average time taken to pay invoices: 27 days
- within 30 days: 90%
- in 31 to 60 days: 6%
- in 61 days or more: 4%
Invoices due but not paid within agreed terms: 29 %
Standard payment period for qualifying contracts
Standard payment terms
SSE's standard payment terms are Nett 30 days but buyers are authorised to negotiate alternative terms with individual suppliers where appropriate.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Any other information about payment terms
Payment statistics for Small Suppliers < 50 Employees
Accounts Payable Average time taken to pay invoices (days): 26
Accounts Payable % Invoices paid (by Volume):
Accounts Payable •within 30 days: 94
Accounts Payable •in 31 to 60 days: 3
Accounts Payable •in 61 days or more: 3
Accounts Payable % Invoices due but not paid within agreed terms (by Volume) 21
Dispute resolution process
The Dispute Resolution Process is detailed within the Accounts Payable section at http://sse.com/potential-suppliers/. Alternatively suppliers can also contact the "orderer" directly using the details provided on the Purchase Order
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.
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?