ENI ELGIN/FRANKLIN LIMITED

Company number: 03772746

Reporting period:
1 January 2024 to 30 June 2024

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This report was filed on 23 July 2024

and approved by Francesco Pagano

Payment statistics

Average time taken to pay invoices: 36 days

Invoices paid:

• within 30 days: 80%
• in 31 to 60 days: 9%
• in 61 days or more: 11%

Invoices due but not paid within agreed terms: 34%

Payment terms

Shortest standard payment periods

10 days

Longest standard payment period

30 days

Standard payment terms

Standard contractual terms for the majority of payments to suppliers is 30 days.

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

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

30 days

No further comment provided

Any other information about payment terms

Payment statistics presented in this report include payments made to other Eni group companies. This factor needs to be taken into account when interpreting the statistics, as the payment pattern can be different for third party and intercompany suppliers.

Dispute resolution process

The Company will contact the supplier in the case of any material discrepancies with the agreed terms on an invoice or in relation to other disputed matters. The supplier and the Company will endeavour to resolve any dispute in accordance with the terms of the relevant 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, this business has not signed up to a code of conduct or standards on payment practices.

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