DUAL ENERGY DIRECT LIMITED
Company number: 06468946
Reporting period:
1 February 2019 to 31 July 2019
Report filed on:
22 August 2019
Approved by:
Kieran Murphy
Payment statistics
Average time taken to pay invoices: 9 days
Invoices paid:
- within 30 days: 99%
- in 31 to 60 days: 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
The business standard payment terms are 30 days - variations are agreed for individual circumstances.
Were there any changes to the standard payment terms in the reporting period?
No
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
No further comment provided
Dispute resolution process
Invoices that cannot be validated are queried with the supplier using emails in the first instance. These are constantly monitored through a centralised mailbox to ensure responses are received promptly. Email reminders or telephone calls are used to chase data or required information for queried invoices. The Invoices are kept on hold until a satisfactory resolution is achieved. If responses are not received in a timely fashion then the queries are escalated with the supplier until resolution.
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 Fair 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