The trend for Average Time to Pay for Extra Energy Supply Limited has been relatively stable over the past three periods, with only a slight decrease from 2016 to 2017.
There is some volatility in the percentage of invoices paid within 30 days, with a 1% increase in 2017 followed by a 1% decrease in 2018. However, the percentage of invoices paid between 31 and 60 days has remained consistent at 25% for both 2017 and 2018. The most volatility can be seen in the percentage of invoices paid later than 60 days, with a 3% increase from 2016 to 2017, followed by a 2% decrease in 2018.
| 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 Jan 2018 - 30 Jun 2018 | 15 Aug 2018 | 48 | 51% | 26% | 23% | 41% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
There are two categories of standard payment terms; generally being 30 days for energy industry partners and sales channels, and 60 days for all other suppliers. Not withstanding this, we negotiate specific supplier terms with different vendors as required.
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
120
We work with our suppliers to ensure that disputes are resolved as soon as reasonably practicable. If a supplier has a dispute they should contact our accounts payable department on accountspayable@extraenergy.com who will then liaise with the procuring manager to resolve the dispute.
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
EXTRA ENERGY SUPPLY LIMITED is a liquidation private limited company, incorporated on 1 May 2012, based in the Yorkshire and The Humber region. Registered business activity: Trade of electricity.
From Companies House records.