SHELL ENERGY RETAIL LIMITED
Company number: 05070887
Reporting period:
1 January 2023
to 30 June 2023
This report was filed on 24 July 2023
and approved by Anthony Keeling
Payment statistics
Average time taken to pay invoices: 24 days
Invoices paid:
- within 30 days: 85%
- in 31 to 60 days: 10%
- in 61 days or more: 5%
Invoices due but not paid within agreed terms: 18 %
Payment terms
Shortest standard payment period
5 days
Longest standard payment period
90 days
Standard payment terms
Suppliers that fall within licenced conditions typically have invoice payment terms of 10-14 days. Most other suppliers have 30 days from receipt of a correctly presented invoice.
Invoice receipt is defined as a complete, fiscally correct invoice delivered at the remittance address specified in the contract / agreement / purchase order. For electronic invoices, invoice receipt is when the invoice data is received within the Shell Energy Retail Ltd (SERL) system.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Any other information about payment terms
N/A
Dispute resolution process
SERL seeks to advise suppliers promptly of any disputes or reasons why an invoice will not be paid in accordance with the agreed terms. Invoices that are subject to dispute will not be paid until resolution of the dispute. Depending on the issue, Procurement or the Requistioner may be involved to resolve any disputes. Once resolved, payment will be made in accordance with the terms of the contract.
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