| 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 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 13 | 97% | 3% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 13 | 96% | 4% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 13 | 95% | 5% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 12 | 97% | 3% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Invoices paid as per the due date on the invoice. Trading invoices paid as per the terms set out by the industry. Electricity commodity invoices are paid per GTMA payment terms (by 10th working day), gas commodity invoices are paid per NBP payment terms (by 20th of month or on Friday prior if 20th is a weekend), emissions are paid per the IETA contract terms or terms as agreed on the contract. There has been no change to these terms during the reporting period. All invoices should be sent directly to the Back Office team at Canary Wharf offices
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
20
The Master Agreements under which the Company enters into transactions will set out the disputes procedures to follow. Otherwise, disputes are notified to suppliers on receipt of invoices or netting statements. Payment terms are not delayed as a result of disputes as these are settled prior to due date.
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
IPM ENERGY TRADING LIMITED is an active private limited company, incorporated on 23 January 1990, based in the London region. Registered business activity: Production of electricity.
From Companies House records.