GOV.UK
COOLKEERAGH ESB LIMITED
Company number: NI042138
Reporting period:
1 January 2023
to 30 June 2023
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 18 August 2023
and approved by Una Daly
Payment statistics
Average time taken to pay invoices: 36 days
Invoices paid:
- within 30 days: 37%
- in 31 to 60 days: 56%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 1 %
Payment terms
Shortest standard payment period
2 days
Longest standard payment period
366 days
Standard payment terms
Our payment terms is Net Monthly. There are a small number of fuel providers with more immediate payment terms.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Net Monthly
Any other information about payment terms
N/A
Dispute resolution process
Supplier submits a claim to the accounts function
Accounts register the query and forward to Procurement
Procurement investigate and engage with the Supplier
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.Yes – Prompt payment code of conduct
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