PRYSMIAN POWERLINK SERVICES LIMITED
Company number: 07656179
Reporting period:
1 January 2024 to
30 June 2024
This report was filed on 10 December 2024
and approved by James Sessions
Payment statistics
Average time taken to pay invoices: 49 days
Invoices paid:
- within 30 days: 28%
- in 31 to 60 days: 39%
- in 61 days or more: 33%
Invoices due but not paid within agreed terms: 55%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
120 days
Standard payment terms
End of month of invoice date + 66 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
120 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Disputes are directed to the Accounts payables shared service centre. The shared service centre will assign to the UK Focal point who will direct the dispute to the appropriate person in the business, the requisitioner or the procurement manager. If the matter cannot be resolved further escalation can be made to the Procurement Director. Where an invoice is subject to a dispute or query, the full invoice will be held in dispute until an agreement is reached between both parties. A credit note must be raised by the supplier immediately upon a dispute being upheld. Payment of the invoice will be made once the credit note has been received and validated.
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