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SCOTTISH HYDRO ELECTRIC TRANSMISSION PLC

Company number: SC213461

Reporting period:
1 April 2018 to 30 September 2018

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This information is as reported by the business, and responses are in their own words.

This report was filed on 30 October 2018

and approved by Colin Nicol

Payment statistics

Average time taken to pay invoices: 36 days

Invoices paid:

• within 30 days: 72%
• in 31 to 60 days: 19%
• in 61 days or more: 9%

Invoices due but not paid within agreed terms: 72 %

Payment terms

Standard payment period for qualifying contracts

30 days

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. During the reporting period the majority of the terms agreed on POs was our standard terms - Nett 30 Days.

If a valid invoice is received promptly at the correct e-mail address, quoting a valid purchase order it will be included within one of our payment runs, which are currently carried out daily to ensure the invoice is paid on or before the invoice due date. The correct invoicing address, which is quoted on all purchase orders is; MacColl House, Woodrow, Eurocentral, Holytown, ML1 4YQ. United Kingdom. Details of the relevant email addresses can be found on http://sse.com/potential-suppliers/ under ‘payment guidance'.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

60 days

Any other information about payment terms

N/A

Dispute resolution process

1) Suppliers can obtain an update on the status of their invoices by following the Accounts Payable Unpaid Escalation Process which is clearly detailed in the Payment Guidance section at http://sse.com/potential-suppliers/. Where the issue relates to the approval of the invoice suppliers may be referred to the "orderer".
2) 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.

Yes – Prompt Payment Code

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