CALOR GAS LIMITED

Company number: 00303703

Reporting period:
1 July 2019 to 31 December 2019

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This report was filed on 27 January 2020

and approved by Jonathan Wood

Payment statistics

Average time taken to pay invoices: 43 days

Invoices paid:

• within 30 days: 24%
• in 31 to 60 days: 64%
• in 61 days or more: 12%

Invoices due but not paid within agreed terms: 85%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

60 days

Standard payment terms

• Payment terms are agreed between suppliers and our purchasing department upon being set up. • Approximately 50% of suppliers are on a 30 day payment term. • Payment runs are scheduled approximately every 10 days. When an invoice falls due, it will be picked up and included on the next available payment run. • Suppliers are advised to speak to the purchasing department should they want to negotiate new payment terms. • If payment terms are changed, any current invoices awaiting payment have the due dates changed in line with the new terms.

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

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

• Statements are checked daily for any overdue invoices. Copies are requested if they are not found in our system. Invoices awaiting authorising are chased up for status updates. • If a supplier calls/emails for invoice payment, these are chased up with whomever the invoice is sat with for authorising/receipting. Managerial input may be required if there is no response. • Queried invoices are raised with suppliers at the earliest possible opportunity via email and/or telephone. • Notes are added to invoices on our system and updated with every new communication so all staff are aware of the current status. • Invoices will remain in query until a mutual resolution has been agreed for example: a credit note raised or a breakdown of what the invoice is. • Once an overdue invoice has been authorised, these are processed in time for the next available payment run.

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