Industry ranking
Score of 98.8/100 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 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 6 | 98% | 2% | 0% | 2% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Apr 2021 | 9 | 98% | 2% | 0% | 2% |
| 01 Aug 2019 - 31 Mar 2020 | 30 Apr 2020 | 9 | 99% | 1% | 0% | 0% |
| 01 Feb 2019 - 31 Jul 2019 | 22 Aug 2019 | 9 | 99% | 1% | 0% | 1% |
| 01 Aug 2018 - 31 Jan 2019 | 27 Feb 2019 | 9 | 98% | 2% | 0% | 2% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The business standard payment terms are 30 days - variations are agreed for individual circumstances.
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
Invoices that cannot be validated are queried with the supplier using emails in the first instance. These are constantly monitored through a centralised mailbox to ensure responses are received promptly. Email reminders or telephone calls are used to chase data or required information for queried invoices. The Invoices are kept on hold until a satisfactory resolution is achieved. If responses are not received in a timely fashion then the queries are escalated with the supplier until 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
SMARTESTENERGY BUSINESS LIMITED is an active private limited company, incorporated on 10 January 2008, based in the South East region. Registered business activity: Trade of electricity; Trade of gas through mains.
From Companies House records.