The data shows a trend of an increasing average time taken for AXPO UK LIMITED to pay invoices to suppliers. In the first period of October 2017 to March 2018, the average time was 8 days, which increased to 10 days in the next period of April 2018 to September 2018, and further increased to 16 days in the most recent period of October 2018 to March 2019. This indicates a steady increase in the time taken to pay invoices over the three periods.
The data also shows a consistent pattern in the percentage of invoices paid within 30 days, with 97% in the first period, 94% in the second period, and 90% in the most recent period. However, there is a slight increase in the percentage of invoices paid between 31 and 60 days, from 3% in the first period to 6% in the second period, and 10% in the most recent period. This indicates a slight increase in the volatility of payments between 30 and 60 days.
Over the three periods, AXPO UK LIMITED has seen a steady increase in the average time taken to pay invoices to suppliers, from 8 days to 16 days. There has also been a slight increase in the percentage of invoices paid between 31 and 60 days, from 3% to 10%. However, the company has maintained a high percentage of invoices paid within 30 days, with 97% in the first period, 94% in the second period, and 90% in the most recent period.
| 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 2017 - 31 Mar 2018 | 30 Apr 2018 | 8 | 97% | 3% | 0% | 16% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our payment terms range from 7 days to 30 days net. Overdue amount shall bear interest equal to 3% above the base rate. Unless there are valid reasons why the payment was delayed.
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
The first stage of resolution: The Parties will use all their Reasonable Endeavours to resolve any Dispute. Escalation to Dispute Officers If the Parties fail to resolve a Dispute within 15 Banking Days of one Party giving notice to the other of the Dispute, either Party, by giving notice to the other, may refer the Dispute to the Parties’ Dispute Officers who will co-ordinate in good faith to resolve the Dispute as amicably as possible within 10 Banking Days of the Dispute being referred to them. Escalation to Senior Officers If the Dispute Officers fail to resolve the Dispute within 10 Banking Days of the Dispute being referred to them, either Party, by giving notice to the other, may refer the Dispute to the Senior Officers who will co-ordinate in good faith to resolve the Dispute as amicably as possible within 10 Banking Days of the Dispute being referred to them. Referral to Court Nothing in this clause shall prevent the Parties commencing or continuing court proceedings in relation to the Dispute under clause 13.18 (Law and Jurisdiction), which clause shall apply at all times.
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
Axpo UK Limited is the UK subsidiary of the Swiss-based Axpo Group, established in 2008 as an energy supply and trading company. It sources electricity and gas directly from producers, trades through wholesale counterparties and energy exchanges, and supplies power and gas to large industrial and commercial consumers across the UK and Republic of Ireland. Its offering includes bespoke supply contracts, Power Purchase Agreements, optimisation of physical assets, market access, risk management services, renewable energy products and guarantees of origin. The wider Axpo Group is Switzerland's largest renewable power producer, contributing over 40 per cent of Swiss electricity consumption, and operates in more than 30 countries with over 7,000 employees.
Generated from the company's website and Companies House records. Sources: axpo.com