RENEWABLE ENERGY SYSTEMS LIMITED
Company Information
- Company Number
- 01589961
- Registered Address
- Beaufort Court, Egg Farm Lane Station Road, Kings Langley, Hertfordshire, WD4 8LR
- Status
- Active
- Employee Count
- 760
- Turnover
- £97,339,000
- EBITDA
- -£46,448,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 8 October 1981
- Nature of Business
- 41201 - Construction of commercial buildings
- Industries
- Energy, Property, Infrastructure And Construction
- Region
- East of England
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 Nov 2024 - 30 Apr 2025 | 27 May 2025 | 44 | 54% | 31% | 15% | 51% |
| 01 Nov 2018 - 30 Apr 2019 | 30 May 2019 | 34 | 63% | 30% | 7% | 44% |
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
Renewable Energy Systems Ltd (“RES”) has standard payment terms of 30 days. If a supplier requests that RES complies with their standard terms and conditions and these contain payment terms which are different to 30 days, then, subject to Director approval, RES will adopt the supplier’s terms. There is no maximum contractual payment period within RES’s General Terms & Conditions of Purchase.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
RES operates three payment runs each month and this can result in some invoices being paid later than the agreed payment period. Many of the 46% not paid within the agreed payment period is due to invoices that stated they were due for payment on presentation and as this is not practical, we do not believe it is a helpful statistic. If we were only to include those that were not paid within 20 days of receipt, this statistic would fall to 11%.
Maximum contractual payment period agreed
90
Dispute Resolution Process
If at any time a dispute or difference arises between RES and the supplier in relation to or in connection with an accepted Purchase Order, both parties will aim to resolve the dispute through negotiation. If such dispute or difference cannot be resolved through negotiation, then either party may require the other party to give them notice in writing of the existence of such dispute or difference and at the request of either party, the same shall be referred to an Alternative Dispute Resolution (ADR) procedure as recommended to the parties.
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.
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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?
❌
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
RENEWABLE ENERGY SYSTEMS LIMITED is a UK-based company that specializes in providing sustainable energy solutions. They offer a variety of products and services that promote renewable energy and help reduce the carbon footprint of businesses and individuals.
The company's sustainability program is at the core of their operations. They are committed to promoting renewable energy sources such as solar, wind, and hydro power, and strive to minimize their own environmental impact. They also actively engage in community projects and initiatives to educate and raise awareness about sustainable energy.
Their products and services include the design, installation, and maintenance of renewable energy systems for residential, commercial, and industrial clients. They also offer energy efficiency audits, as well as training and consultation services to help businesses and individuals transition to sustainable energy solutions.
Key people in the company include the CEO, Philip Wolfe, who has over 40 years of experience in the renewable energy industry. The company's registered office address is in Kings Langley, Hertfordshire, and their website address is www.res-group.com.
In summary, RENEWABLE ENERGY SYSTEMS LIMITED is a leading provider of sustainable energy solutions in the UK. Their commitment to promoting renewable energy and reducing carbon emissions sets them apart in the industry. With a range of products and services and a strong sustainability program, they are dedicated to helping businesses and individuals make the switch to renewable energy.
