Published reports

OPUS ENERGY LIMITED

Company number: 04382246

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 July 2024 to 31 December 2024

Report filed on:

30 January 2025

Approved by:

Andy Skelton


Payment statistics

Average time taken to pay invoices: 16 days

Invoices paid:

  • within 30 days: 97%
  • in 31 to 60 days: 2%
  • in 61 days or more: 1%

Late and disputed:

  • payments due in the reporting period which have not been paid within the agreed period: 1%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

30 days

Standard payment terms

Opus Energy Limited standard contract payment terms are 30 days; however, different terms are also agreed with suppliers as part of contract negotiations. Payment runs are completed on a weekly basis whereby approved invoices falling due for payment are picked up on the next BACS.

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

N/A

Dispute resolution process

On receipt of any invoice queries, Accounts Payable check whether: - •The invoice is for Opus Energy Limited •We have authorised supplier details and bank account for payment •If applicable, a Purchase Order (PO) number is quoted and matches an approved order number •If applicable, the invoice details match the approved PO for quantity, price, and description of supply •If applicable, the PO has been receipted •The invoice has not already been paid We aim to complete these checks within 5 days of invoice receipt. If invoices are received on a timely basis and no queries arise from these checks, payment will be scheduled by BACS in accordance with terms. Where queries arise, payment will be made by BACS once these queries are resolved. We aim to resolve queries within 10 days and make payment on the next scheduled BACS run. In exceptional circumstance a CHAPS payment for emergency payments can be made. Disputes should be sent to the following email address; accountspayable@opusenergy.com This email is monitored daily by Accounts Payable.

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