Score of 93.7/100 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 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 18 | 96% | 3% | 1% | 17% |
| 01 Jul 2022 - 31 Dec 2022 | 17 Jan 2023 | 16 | 98% | 1% | 1% | 7% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 17 | 99% | 1% | 1% | 10% |
| 01 Apr 2021 - 31 Dec 2021 | 26 Jan 2022 | 19 | 89% | 10% | 1% | 37% |
| 01 Oct 2020 - 31 Mar 2021 | 13 Jul 2021 | 25 | 76% | 24% | 1% | 40% |
| 01 Apr 2020 - 30 Sept 2020 | 13 Jul 2021 | 21 | 91% | 9% | 0% | 25% |
| 01 Oct 2019 - 31 Mar 2020 | 29 Apr 2020 | 32 | 48% | 48% | 4% | 30% |
| 01 Apr 2019 - 30 Sept 2019 | 29 Oct 2019 | 31 | 84% | 13% | 3% | 15% |
| 01 Oct 2018 - 31 Mar 2019 | 26 Apr 2019 | 65 | 58% | 13% | 29% | 39% |
| 01 Apr 2018 - 30 Sept 2018 | 24 Oct 2018 | 21 | 93% | 3% | 4% | 43% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our minimum standard payment terms are 30 days after receipt of invoice. We hold individual agreements with some of our suppliers for differing terms ranging from immediate to the standard minimum 30 days, and also direct debit payments.
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
The Company has a dedicated accounts payable team, which can be reached by email or phone. Suppliers with invoice queries need to contact this team in the first instance. Any unresolved issues are escalated to the OVO purchaser associated with the invoice. Disputes are handled by a combination of the accounts payable team and the relevant purchasing department. Senior management can be escalated to if issues are not satisfactorily resolved.
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
OVO (S) GAS LIMITED is a leading energy company based in the United Kingdom. The company is committed to providing sustainable and environmentally friendly energy solutions to its customers. OVO (S) GAS LIMITED offers a range of products and services including gas, electricity, and renewable energy solutions.
The company's sustainability program focuses on reducing carbon emissions and promoting renewable energy sources. OVO (S) GAS LIMITED has set ambitious targets to reduce its own carbon footprint and encourages its customers to do the same. The company also supports various environmental initiatives and charities to help create a greener future.
One of the key people behind OVO (S) GAS LIMITED's success is its CEO, Stephen Fitzpatrick. He has a strong vision for the company's sustainable future and has been instrumental in driving its growth and success. The company's dedicated team of employees also plays a crucial role in delivering top-notch services to its customers.
Customers can contact OVO (S) GAS LIMITED through their website, which provides information on their products and services, sustainability efforts, and customer support. The company's registered office is located in Bristol, United Kingdom.
In summary, OVO (S) GAS LIMITED is a leading energy company in the UK that is committed to providing sustainable and environmentally friendly solutions. With a strong focus on reducing carbon emissions and promoting renewable energy, the company is dedicated to creating a greener future for all.