Company number: 08807923
and approved by Richard McCord
Average time taken to pay invoices: 10 days
Invoices paid:
Invoices due but not paid within agreed terms: 10%
42 days
Answer not provided
We have standard payment terms of 42 days, but the procurement organisation allows for shorter payment terms for smaller suppliers during the contract negotiation process.
Answer not provided
N/A
60 days
No further comment provided
To prevent a delay in invoice processing, invoices must be clearly legible, comply with HMRC regulations and should include supplier details, purchase order number (if applicable) invoice number, invoice date and payment instructions, as well as the Centrica point of contact who requested the goods or services.
Any disputes the suppliers should contact their specific contact within Accounts Payable Group. The Accounts Payable team will consider the complaint and respond accordingly.
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