DEMIPOWER (1991) LIMITED
Company number: 02661132
Reporting period:
1 May 2023
to 31 October 2023
This report was filed on 28 November 2023
and approved by ALIM JANMOHAMED
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 71%
- in 31 to 60 days: 27%
- in 61 days or more: 2%
Invoices due but not paid within agreed terms: 42 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
30 days
Standard payment terms
Demipower companies generally pay to the terms required by the supplier. If no terms are stipulated in a supplier contract or invoice, then default terms of 30 days are used.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
180 days
Any other information about payment terms
N/A
Dispute resolution process
Suppliers can contact Demipower’s Accounts Payable Team for any queries relating to invoices or payment via email or telephone. Demipower conducts periodic reviews within the Accounts Payable Team to ensure queries are resolved in a timely manner.
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