EGGBOROUGH POWER LIMITED

Company number: 03782700

Reporting period:
1 January 2020 to 30 June 2020

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This report was filed on 30 July 2020

and approved by ADAM BOOTH

Payment statistics

Average time taken to pay invoices: 30 days

Invoices paid:

• within 30 days: 61%
• in 31 to 60 days: 36%
• in 61 days or more: 3%

Invoices due but not paid within agreed terms: 20%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

60 days

Standard payment terms

EPL’s standard payment terms are 30 and 60 days from date of invoice.

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

60 days

EPL’s standard payment terms are 30 and 60 days from date of invoice.

Any other information about payment terms

Invoices outside of the contract process are paid on purchase order default 30 day payment terms as per T&Cs.

Dispute resolution process

Disputes with suppliers are dealt with on a case by case basis. EPL try to resolve these in a manner that suits all parties. The procedure is specified with each individual contract. Although there is no timeframe for the resolution of the dispute all steps are taken to remedy queries as soon as possible.

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