| 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 | 29 Jan 2020 | 0 | 0% | 0% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 0 | 0% | 0% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 0 | 0% | 0% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 1 | 100% | 0% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
intercompany payments are 30 days end of month
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Only intercompany qualifying contracts in this reporting period
Maximum contractual payment period agreed
45
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.
❌
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.
❌
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.
❌
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
GE Energy Power Conversion Technology Limited is a UK-registered private limited company based in Rugby, Warwickshire. Incorporated in 2006, it previously traded as Clifthink Limited and then Converteam Technology Ltd before adopting its current name. Companies House records its nature of business as other research and experimental development on natural sciences and engineering. The available evidence does not describe specific products, services or markets beyond this registered activity classification, and the company appears linked to the wider GE energy and power conversion group. No further detail on its actual operations, customers or output is available from the supplied evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk