Industry ranking
Score of 99.8/100 qualifies for PaymentCheck Certification
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Apr 2021 - 30 Sept 2021 | 22 Oct 2021 | 9 | 100% | 0% | 0% | 0% |
| 01 Oct 2020 - 31 Mar 2021 | 22 Apr 2021 | 10 | 99% | 1% | 0% | 0% |
| 01 Oct 2019 - 31 Mar 2020 | 09 Apr 2020 | 11 | 100% | 0% | 0% | 0% |
| 01 Apr 2019 - 30 Sept 2019 | 03 Oct 2019 | 14 | 94% | 6% | 0% | 0% |
| 01 Oct 2018 - 31 Mar 2019 | 26 Apr 2019 | 8 | 94% | 6% | 0% | 6% |
| 01 Apr 2018 - 30 Sept 2018 | 25 Oct 2018 | 10 | 96% | 4% | 0% | 4% |
| 01 Oct 2017 - 31 Mar 2018 | 30 Apr 2018 | 8 | 97% | 2% | 1% | 3% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Electra Private Equity PLC, as standard, pays all its suppliers within 30 days upon receipt of invoice. Variations to these standard payment terms are by exception only, and only applied when negotiated and agreed by both parties.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
Dispute resolution process: a query, dispute or difference arises between Electra Private Equity PLC and its suppliers are resolved by the Frostrow team. If required, the dispute can be escalated to a senior representative who shall use their reasonable endeavours to resolve the dispute within 30 days of the date on which such dispute was referred to them. For Electra Private Equity PLC, the escalation point would be the Group Chief Financial and Operating Officer. Electra currently has minimal disputes related to payments as a result of continued contact and a good working relationship with its suppliers. Electra pays within 30 days with the only exceptions being items on dispute. Electra reviews supplier contracts to ensure payment terms and dispute mechanisms meet the needs of the business.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Electra Private Equity PLC is a company registered in the UK, incorporated in 1935 and currently active. According to Companies House records, its nature of business is classified under activities of investment trusts, placing it within the wealth, asset and investment management space. No further evidence describing its specific operations, holdings or investment strategy was available for this summary, so only the registered classification can be confirmed. It is administered via a corporate secretarial services provider rather than operating from its own dedicated premises.
Generated from the company's website and Companies House records.