| 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 2024 - 31 Dec 2024 | 02 May 2025 | 40 | 19% | 53% | 28% | 73% |
| 01 Jan 2022 - 30 Jun 2022 | 08 Oct 2024 | 87 | 5% | 31% | 64% | 89% |
| 01 Jul 2021 - 31 Dec 2021 | 23 Feb 2022 | 42 | 31% | 52% | 16% | 76% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 39 | 36% | 50% | 14% | 70% |
| 01 Jul 2020 - 31 Dec 2020 | 15 Apr 2021 | 46 | 29% | 48% | 23% | 37% |
| 01 Jan 2020 - 30 Jun 2020 | 17 Jul 2020 | 42 | 37% | 43% | 20% | 23% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 44 | 33% | 48% | 19% | 29% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 38 | 42% | 44% | 14% | 41% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days EOM
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
The complaint or concern will be investigated by the Procurement & Finance teams and a response will be agreed collectively before being approved by a senior member of staff.
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
Fortescue Zero Limited is the registered UK entity trading as Elysia, part of the Fortescue group. It develops battery intelligence software and embedded battery management technology for automotive and stationary energy storage applications. The company's tools aim to extend battery life, improve safety through early fault detection, and unlock greater performance and range from battery cells, combining electrochemical modelling with AI-based analysis. Its work extends beyond automotive to applications such as e-scooters and electrified mining vehicles. The company has also grown its stationary storage capabilities through an acquisition. It is registered and headquartered in Kidlington, Oxfordshire, and remains active on the UK companies register.
Generated from the company's website and Companies House records. Sources: elysia.co · elysia.co