Company number: 02366661
and approved by Brandon Rennet
Average time taken to pay invoices: 60 days
Invoices paid:
Invoices due but not paid within agreed terms: 20%
1 days
91 days
Our standard terms are 60 days end of month. Therefore payment is due on the last day of the second month following receipt of the invoice. Example 1 – valid invoice received on 1st July would be due for payment on 30th September (91 days) Example 2 – valid invoice received on 31st July would be due for payment on 30th September (61 days)
Answer not provided
N/A
91 days
No further comment provided
Where we enter into a competitive tender process, payment terms forms part of the negotiation that would applied to the contract. Currently we do not currently have different terms based on the size of the company. Full purchase order terms and conditions can be found within our website - https://corporate.thameswater.co.uk/Supplier-Enquiries
Queries regarding the status of an invoice can be directed to the Accounts Payable Team via the following email address: invoiceresolution@thameswater.co.uk In the event of specific dispute, the supplier should contact the individual who is the main point of contact as identified on the purchase order. Payment will not be made until the dispute is resolved.
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.
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