Company number: 02366879
and approved by Robert McDonald
Average time taken to pay invoices: 41 days
Invoices paid:
Invoices due but not paid within agreed terms: 69%
30 days
Answer not provided
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'.
Answer not provided
N/A
60 days
No further comment provided
N/A
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
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
Yes, this business has signed up to: The Prompt Payment Code
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No