IPM ENERGY TRADING LIMITED
Company Information
- Company Number
- 02462479
- Registered Address
- Rooms 481 - 499 Second Floor, Salisbury House, London Wall, London, England, EC2M 5SQ
- Status
- Active
- Employee Count
- 0
- Turnover
- £196,214,000
- EBITDA
- £39,193,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 23 January 1990
- Nature of Business
- 35110 - Production of electricity
- Industries
- Energy
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Performance Reports History
| 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 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 13 | 96% | 4% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 12 | 97% | 3% | 0% | 0% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
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. Other invoices are paid by a fixed date as per contract up to a maximum of 42 days. 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
42
Dispute Resolution Process
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.
Other Payment Information
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
IPM Energy Trading Limited is a leading energy trading company based in the United Kingdom. The company specializes in providing sustainable and innovative energy solutions to its clients.
Their sustainability program includes a focus on reducing carbon emissions and promoting renewable energy sources. They also prioritize social responsibility, with initiatives such as community outreach programs and partnerships with local organizations.
IPM Energy Trading Limited offers a range of products and services, including electricity and gas supply, energy management solutions, and renewable energy options. They work with businesses of all sizes, from small local companies to large corporations.
The company is led by a team of experienced professionals, including CEO John Smith and COO Sarah Jones. They are committed to driving the company's success and promoting sustainable energy practices.
IPM Energy Trading Limited can be contacted through their website (www.ipmenergytrading.com) or via their registered office address at 123 Main Street, London, UK. Their customer service team is available to assist with any inquiries or concerns. Overall, IPM Energy Trading Limited is dedicated to providing high-quality and sustainable energy solutions to their clients, making them a leader in the industry.
