SIEMENS ENERGY LIMITED
Company Information
- Company Number
- 00631825
- Registered Address
- C A Parsons Works, Shields Road, Newcastle Upon Tyne, England, NE6 2YL
- Status
- Active
- Employee Count
- 1,487
- Turnover
- £589,589,000
- EBITDA
- £17,362,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 3 July 1959
- Nature of Business
- 27120 - Manufacture of electricity distribution and control apparatus35130 - Distribution of electricity42220 - Construction of utility projects for electricity and telecommunications
- Industries
- Property,Infrastructure And Construction
- Region
- North East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Apr 2025 - 30 Sept 2025 | 29 Oct 2025 | 55 | 29% | 23% | 48% | 22% |
| 01 Oct 2023 - 31 Mar 2024 | 29 Apr 2024 | 61 | 21% | 20% | 59% | 26% |
| 01 Apr 2023 - 30 Sept 2023 | 30 Oct 2023 | 60 | 23% | 21% | 56% | 27% |
| 01 Apr 2022 - 30 Sept 2022 | 28 Oct 2022 | 54 | 27% | 26% | 47% | 27% |
| 01 Apr 2021 - 30 Sept 2021 | 26 Oct 2021 | 52 | 29% | 25% | 46% | 27% |
| 01 Oct 2020 - 31 Mar 2021 | 28 Apr 2021 | 53 | 27% | 27% | 46% | 32% |
| 01 Apr 2019 - 30 Sept 2019 | 24 Oct 2019 | 39 | 52% | 21% | 27% | 21% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 40 | 50% | 28% | 22% | 27% |
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
The payment terms are assigned by the Business units on a case by case basis:- Payment terms usage : 8% of the transactions are on Intercompany Clearing payment terms and are paid immediately in the month following the receipt of the invoice. Please note Intercompany clearing terms are available to Siemens companies only and payment method for such terms results in clearing of such transactions without any transmission of money external to Siemens cash pool. 3rd party payments terms usage is as follows 60 days 51%, 90 days 17%, 30 days 14%, 45 days 3%, 14 Days 2%, 0 days 2%, 120 Days 1%, 7 days 1% and the remainder with payment terms of less than 1% occurrences which includes the max payment term of 180 days. The payment statistics excluding the ICC transactions are as follows :- Average time it took to pay an invoice 56 days Split of payments 0-30 days 26%, 31-60 days 22%, 61+days 52% Invoices paid late 26%
Were there any changes to the standard payment terms in the reporting period?
external and internal vendors had payment terms changed
Any other information about payment terms
Early settlement discounts are applied as agreed with the suppliers and range from 1% to 3% based upon the timing of payments. During the reporting less than 1% of the overall transactions showed pre-agreed discounts with the suppliers.
Maximum contractual payment period agreed
180
Dispute Resolution Process
1) Central Accounts Payable (AP) team for payment enquiries, contact points via phone/e-mail/supplier portal. Relevant details are on Purchase Orders. A) Tel: 0845 602 6873 b) E-mail apsupport-gbandi.in@siemens.com 2) AP liaise with supplier to obtain and process missing invoices a) Check existing systems (scan provider/e-invoice provider/invoice process queue to see if invoice already in query and/or returned to suppler) 3) AP liaise with suppliers to confirm payment details (past and upcoming) 4) AP liaise with approvers to release overdue invoices for payment 5) Special team deals with ‘final demand’ cases and legal notices
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.
❌
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.
❌
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
Siemens Energy Limited is a leading global company that specializes in providing innovative and sustainable energy solutions. The company is a subsidiary of Siemens AG, a German multinational conglomerate.
The company's main activities include the production and distribution of a wide range of energy products and services. These include gas and steam turbines, wind turbines, power plant solutions, and energy storage systems. Siemens Energy Limited also offers maintenance and repair services for its products.
In line with its commitment to sustainability, Siemens Energy Limited has implemented various initiatives to reduce its environmental impact. This includes increasing the use of renewable energy sources and reducing carbon emissions. The company also invests in research and development to develop more efficient and environmentally friendly products.
Some key people at Siemens Energy Limited include Andreas Nauen, the CEO, and Tim Holt, the Head of Power Generation Services. The company has a team of dedicated professionals who are experts in their respective fields.
Siemens Energy Limited can be contacted through their website, which is www.siemens-energy.com. The company's registered office address is Frimley, Surrey, GU16 8QD, United Kingdom.
In conclusion, Siemens Energy Limited is a global leader in providing sustainable energy solutions. With a wide range of products and services, a strong commitment to sustainability, and a team of experienced professionals, the company is well-positioned to meet the growing demand for clean and efficient energy.
