| 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 2021 - 31 Dec 2021 | 27 Jan 2022 | 30 | 70% | 12% | 18% | 62% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 54 | 38% | 14% | 48% | 42% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 59 | 35% | 23% | 42% | 54% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 83 | 13% | 16% | 70% | 50% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 67 | 24% | 19% | 57% | 66% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 74 | 20% | 22% | 59% | 70% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 64 | 23% | 21% | 57% | 64% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 77 | 31% | 18% | 51% | 54% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
90 days generally applies to UK domestic suppliers
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
150
Accounts Payable escalate any disputes to sourcing team who engage supplier to establish agreed term
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
This company, registered as GENERAL ELECTRIC ENERGY UK LIMITED, has since been renamed to GE VERNOVA ENERGY UK LIMITED, having previously traded as ALSTOM LTD. Companies House records show its business activities include the manufacture of electricity distribution and control apparatus, the manufacture of engines and turbines other than aircraft, vehicle or cycle engines, manufacture of other transport equipment, and repair and maintenance of such transport equipment. It is a UK-registered entity within the wider GE Vernova group, based in Stafford. The company remains active, with accounts and confirmation statements filed regularly, and has recorded mortgage charges, several now satisfied. No further detail on specific products or services is provided in the available evidence.
Generated from the company's website and Companies House records. Sources: data.companieshouse.gov.uk