SONATRACH GAS MARKETING UK LIMITED
Company number: 05646983
Reporting period:
1 January 2024 to 30 June 2024
Report filed on:
30 July 2024
Approved by:
Salim Fergui
Payment statistics
Average time taken to pay invoices: 15 days
Invoices paid:
- within 30 days: 98%
- in 31 to 60 days: 2%
- in 61 days or more: 0%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
Answer not provided
Standard payment terms
Business does not use
standard terms; most
frequently used
payment terms for
qualifying contracts are
: - upon receipt -direct
debits for some
recurring services,
mostly payable in
advance -within
7,10,14,16,20 or 30
days after receipt of the
invoice in line with the
payment terms of
suppliers -maximum
payment terms are: -
the 25th day of the
month immediately
following the month in
which the invoice was
received. These could
result in a maximum
term of 52 days
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
52 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Payment shall be made
by the due date. If the
business disputes any
part of an invoice the
business shall pay the
amount not in dispute
on or before the due
date and shall give
notice of the amount in
dispute and the reasons
therefore to the other
party. If the party fails to
pay the other party by
the due date any
amount due, the other
party may access a late
charge at rate permitted
by the law. the party to
whom the amount is
due reserves the right to
withhold services while
there are any
outstanding fees and/or
interest or the business
is in breach of the
agreement. no disputes
have been recorded
during the period
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 Fair 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