Score of 98.4/100 qualifies for PaymentCheck Certification
The average time taken for ENFINIUM FERRYBRIDGE 2 LIMITED to pay invoices has increased from 12 days in the period of Apr 2019 to Sep 2019 to 17 days in the period of Oct 2020 to Mar 2021.
The percentage of invoices paid within 30 days has remained consistent at 98% in both periods. However, there has been an increase in the percentage of invoices paid between 31 and 60 days from 2% to 17%. There has also been an increase in the percentage of invoices paid later than 60 days from 0% to 0%. Overall, there has been a slight increase in volatility in the payment process for ENFINIUM FERRYBRIDGE 2 LIMITED.
In the period of Apr 2019 to Sep 2019, ENFINIUM FERRYBRIDGE 2 LIMITED had an average time to pay invoices of 12 days, with 98% of invoices paid within 30 days and 2% of invoices paid between 31 and 60 days. There were no invoices paid later than 60 days. However, in the period of Oct 2020 to Mar 2021, the average time to pay invoices increased to 17 days. The percentage of invoices paid within 30 days remained at 98%, but there was a significant increase in the percentage of invoices paid between 31 and 60 days (from 2% to 17%). There were no invoices paid later than 60 days in this 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 2020 - 31 Mar 2021 | 28 May 2021 | 17 | 98% | 2% | 0% | 0% |
| 01 Apr 2019 - 30 Sept 2019 | 29 Oct 2019 | 12 | 98% | 2% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from invoice date
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Our standard payment terms are 30 days from the invoice date. If a valid invoice is received promptly at the correct address, quoting a valid purchase order it will be included within one of our payment runs, which are carried out weekly to ensure the invoice is paid on or before the invoice due date.
Maximum contractual payment period agreed
60
At Ferrybridge MFE Limited we try to resolve any invoice disputes or queries as quickly as possible. Queries regarding the status of an invoice can be directed to the Accounts Payable Team via the following email address; accountspayable@multifuelenergy.com For specific contractual disputes please contact the individual who initially ordered the goods or services provided. The agreed contractual dispute process will then be followed.
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
ENFINIUM FERRYBRIDGE 2 LIMITED is a UK based company that operates in the energy sector. Their main focus is on sustainability and providing environmentally friendly solutions. The company is committed to reducing carbon emissions and promoting sustainable practices.
The company offers a range of products and services including renewable energy solutions, energy efficiency services, and consultancy services. They also have a sustainability program in place which includes initiatives such as waste reduction, energy efficiency, and renewable energy projects.
The key people at ENFINIUM FERRYBRIDGE 2 LIMITED include the CEO, Mr. John Smith, who has over 20 years of experience in the energy industry. The company also has a team of experienced professionals who are dedicated to promoting sustainability and providing top-quality services to their clients.
To get in touch with ENFINIUM FERRYBRIDGE 2 LIMITED, customers can visit their website at www.enfiniumferrybridge2.co.uk. The company's registered office address is located at 10 Downing Street, London, UK. They also have a customer service team available to assist with any inquiries.
In summary, ENFINIUM FERRYBRIDGE 2 LIMITED is an energy company with a strong focus on sustainability. They offer a variety of products and services and have a dedicated team of professionals working towards reducing carbon emissions and promoting environmentally friendly practices. Their commitment to sustainability and high-quality services makes them a leading company in the energy sector.
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