The average time taken for TOTALENERGIES FINANCE CORPORATE SERVICES LIMITED to pay invoices has been fluctuating between 20-31 days over the past three periods. The percentage of invoices paid within 30 days has been decreasing, while the percentage of invoices paid between 31-60 days and later than 60 days has been increasing. The percentage of invoices not paid within agreed terms has also been fluctuating, with the highest being in the most recent period.
The volatility of the average time taken to pay invoices for TOTALENERGIES FINANCE CORPORATE SERVICES LIMITED has been relatively low, with the range being 20-31 days. However, there has been some fluctuation in the percentages of invoices paid within different time frames.
| 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 2021 - 30 Jun 2021 | 19 Jul 2021 | 31 | 69% | 21% | 10% | 49% |
| 01 Jul 2020 - 31 Dec 2020 | 01 Feb 2021 | 28 | 80% | 13% | 7% | 30% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 22 | 84% | 13% | 3% | 59% |
| 01 Jul 2019 - 31 Dec 2019 | 04 Mar 2020 | 20 | 85% | 11% | 4% | 47% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 24 | 83% | 12% | 5% | 36% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 24 | 85% | 11% | 4% | 40% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 26 | 83% | 12% | 5% | 45% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The standard payment terms with suppliers is 30 days, with settlement of their invoices occurring in batches, on a bi-weekly basis and immediate settlement of urgent invoices.
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 entity aims to resolve any dispute through mediation with their counterpart. This process is driven by the accounts payable team. Where necessary, outstanding disputes are escalated to the Senior Management.
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
TOTAL FINANCE CORPORATE SERVICES LIMITED is an active private limited company, incorporated on 22 October 2013, based in the London region. Registered business activity: Activities auxiliary to financial intermediation not elsewhere classified; Other business support service activities not elsewhere classified.
From Companies House records.