GE ENERGY (UK) LIMITED
Company Information
- Company Number
- 00123550
- Registered Address
- 3rd Floor 1 Ashley Road, Altrincham, Cheshire, United Kingdom, WA14 2DT
- Status
- Active
- Employee Count
- 400
- Turnover
- £133,358,000
- EBITDA
- £10,615,000
Additional Details
- Website
- https://gepower.com
- Company Type
- Private limited Company
- Incorporated On
- 1 August 1912
- Nature of Business
- 33200 - Installation of industrial machinery and equipment
- Industries
- Property-related Goods And Services
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Performance Reports History
| 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 | 30 Jan 2025 | 55 | 31% | 29% | 40% | 36% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 35 | 63% | 18% | 19% | 33% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days for suppliers to MOD Contracts, 90 days for others
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
Dispute Resolution Process
Accounts Payable escalate any disputes to sourcing team who engage supplier to establish agreed term
Other Payment Information
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
GE Energy (UK) Limited is a subsidiary of the multinational conglomerate General Electric (GE). The company provides a wide range of energy solutions and services to customers in the United Kingdom.
Their sustainability program is focused on reducing carbon emissions and promoting renewable energy sources such as wind, solar, and hydro power. They are committed to achieving net-zero carbon emissions by 2030 and have implemented various initiatives to achieve this goal. This includes investing in clean energy technologies, developing energy-efficient products, and promoting sustainable practices within their own operations.
The company offers a variety of products and services in the energy sector, including power generation systems, gas turbines, renewable energy solutions, and smart grid technologies. They also provide maintenance and repair services for their products to ensure optimal performance and longevity.
Some key people at GE Energy (UK) Limited include Mark Elborne, the President and CEO of GE UK and Ireland, and Peter Loosley, the Managing Director of GE Energy in the UK. They lead a team of highly skilled professionals dedicated to delivering innovative and sustainable energy solutions to their customers.
To learn more about GE Energy (UK) Limited and their products and services, interested individuals can visit their website at www.ge.com/uk. The company's registered office address is GE Energy (UK) Limited, 1st Floor, 1 Great West Road, Brentford, Middlesex, TW8 9DX, United Kingdom.
