Industry ranking
| 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 2024 - 31 Dec 2024 | 10 Feb 2025 | 30 | 68% | 23% | 9% | 42% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 16 | 88% | 10% | 2% | 37% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 18 | 90% | 9% | 1% | 31% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 19 | 91% | 9% | 0% | 38% |
| 01 Jul 2022 - 31 Dec 2022 | 03 Apr 2023 | 19 | 91% | 9% | 0% | 35% |
| 01 Jan 2022 - 30 Jun 2022 | 03 Apr 2023 | 19 | 94% | 6% | 0% | 30% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms for goods and services is end of the following month. Higher or lower standard terms may also be employed in line with industry standards depending on the category of spend.
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
60
Invoice queries and payment disputes are initially dealt with by the purchase ledger team in a timely manner. Any disputes that cannot be successfully dealt with by the purchase ledger team will be escalated to senior management for resolution.
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
ESG Global (Energy) Ltd is a UK-registered company based in Chorley, Lancashire, that was previously known as Utilisoft Limited until early 2021. Companies House records show its business activities as business and domestic software development and information technology consultancy. No further detail on specific products or client sectors is available from the evidence, but the classification indicates the company operates in application software development and related IT consultancy services. The company remains active, having been incorporated in 1994 under an earlier name, Formation Technologies Limited, before later trading as Formfill Limited and then Utilisoft Limited prior to its current name.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk