| 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 | 25 Jan 2022 | 39 | 35% | 62% | 3% | 16% |
| 01 Jan 2021 - 30 Jun 2021 | 20 Jul 2021 | 48 | 32% | 63% | 5% | 12% |
| 01 Jul 2020 - 31 Dec 2020 | 19 Jan 2021 | 39 | 48% | 49% | 3% | 12% |
| 01 Jan 2020 - 30 Jun 2020 | 16 Jul 2020 | 39 | 50% | 43% | 7% | 20% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 34 | 53% | 42% | 5% | 19% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 33 | 59% | 36% | 5% | 17% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 36 | 39% | 58% | 3% | 10% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 38 | 35% | 61% | 4% | 12% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days from date of invoice
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
90
Invoices that cannot be validated are queried out to the business using an integrated workflow solution which is constantly monitored to ensure responses are received in the required timescales. Vendors contact the Shared Service Centre Help desk with any queries. A ticketing solution is used to monitor queries where the answer is not provided instantly.
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
Innogy Business Services UK Limited is registered at Westwood Business Park, Coventry, and was incorporated in January 2007. Companies House records its nature of business as SIC code 74990, non-trading company, indicating it does not carry out direct trading activity itself. Its name links it to innogy, an energy business that became part of the RWE group. RWE describes itself as an energy company involved in electricity generation, renewable energy such as wind, solar and battery storage, and energy trading, with operations across many countries. This entity therefore appears to function as a non-trading or administrative company within the wider RWE energy group rather than as an operating business in its own right.
Generated from the company's website and Companies House records. Sources: rwe.com