Company number: 06222064
and approved by Robert McWilliam
Average time taken to pay invoices: 7 days
Invoices paid:
Invoices due but not paid within agreed terms: 2%
10 days
60 days
Standard contractual payment terms state that Power4All will pay each correct invoice on our next weekly payment run following 60 days from receipt of the invoice. Power4All may agree to shorter payment terms with its suppliers as part of a contract or if required by electricity market regulations.
Answer not provided
N/A
60 days
n/a
n/a
If a Power4All supplier raises a query in respect of an outstanding invoice, payment or deduction, in the first instance it is handled by the Accounts Payable team. Queries are handled through a clear process, which works on a 7 working day SLA from receipt of all relevant supporting documentation. If necessary the Accounts Payable team will refer to other business areas (for example stores, depots or merchants) to resolve the enquiry. If the matter remains unresolved within the target turnaround time, it may be escalated to senior leadership.
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