SEMBCORP UTILITIES (UK) LIMITED

Company number: 04636301

Reporting period:
1 July 2021 to 31 December 2021

This information is as reported by the business, and responses are in their own words.

This report was filed on 14 March 2022

and approved by Michael Patrick

Payment statistics

Average time taken to pay invoices: 46 days

Invoices paid:

within 30 days: 20%
in 31 to 60 days: 64%
in 61 days or more: 16%

Invoices due but not paid within agreed terms: 0%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

60 days

Standard payment terms

Our standard payment terms are 'month end after month of invoice'. Therefore, we make payment into supplier bank accounts by the month end after the month of invoice date. For example, if the invoice is dated 31st of the month, this will be paid in 30 days by the 31st of the following month. If the invoice is dated 1st of the month; this will be paid in 60 days by the end of the following month.

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

Any other information about payment terms

Dispute resolution process

Disputes are considered by our Accounts Payable team which are usually resolved within 1-2 weeks liaising with the Procurement department to come to a timely 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 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.

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.

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?