LIGHTSOURCE BP RENEWABLE ENERGY INVESTMENTS LIMITED
Company number: 09494479
Reporting period:
1 July 2023 to 31 December 2023
Report filed on:
6 November 2024
Approved by:
Chris Rowland
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 74%
- in 31 to 60 days: 19%
- in 61 days or more: 7%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 26%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
30 days
Standard payment terms
Our standard payments terms are 30 days from invoice date
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
N/A
Any other information about payment terms
N/A
Dispute resolution process
Invoice disputes would be initially directed to the Accounts Payable teams within the Finance Operations Team. They can be contacted via phone or via dedicated email addresses. The initial point of contact is the Finance Assistant and if required, the escalation point is the Accounts Payable Manager or Finance Operations Manager. The Finance Operations Team work closely and constructively with our suppliers and key business contacts to ensure any queries or payment disputes are resolved promptly and to a mutually satisfactory conclusion.
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