E.ON CONTROL SOLUTIONS LIMITED

Company number: 04681451

Reporting period:
1 January 2018 to 30 June 2018

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This report was filed on 5 July 2018

and approved by Michael Ramsden

Payment statistics

Average time taken to pay invoices: 64 days

Invoices paid:

• within 30 days: 5%
• in 31 to 60 days: 47%
• in 61 days or more: 48%

Invoices due but not paid within agreed terms: 75%

Payment terms

Shortest standard payment periods

45 days

Longest standard payment period

Answer not provided

Standard payment terms

Standard payment terms are 45 days net monthly - the vast majority of suppliers are paid on these terms. However there are a few suppliers paid on 60 day net monthly, 30 day net monthly, 7 day terms and next available payment days. Please note that these are not standard payment terms for the company.

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

60 days net monthly.

Any other information about payment terms

N/A

Dispute resolution process

Complaints will be investigated by the Finance department to determine whether the payment is late. The pre-agreed payment terms will be checked and a response is normally provided within 3 - 5 days.

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