ORSTED SALES (UK) LIMITED

PaymentCheck Score 2023
66Fair
#3006 in UK
#142 in Energy
#1211 in London

Company Information

Company Number
02405635
Registered Address
5 Howick Place, London, SW1P 1WG
Status
Active
Employee Count
6
Turnover
£10,381,000
EBITDA
£19,370,000

Additional Details

Company Type
Private limited Company
Incorporated On
18 July 1989
Nature of Business
35230 - Trade of gas through mains
Industries
Energy
Region
London

Time to Pay

Average Time to Pay
30 days
Shortest Period:30 days
Longest Period:65 days
Max Contractual:65 days

Payment Timeline

Within 30 Days
70%
31-60 Days
22%
After 60 Days
8%
Not Paid Within Terms60%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-08-06
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202322 Jan 20243081%11%8%42%
01 Jan 2023 - 30 Jun 202313 Jul 20237270%15%15%41%
01 Jul 2021 - 31 Dec 202101 Feb 20222186%5%9%24%
01 Jan 2021 - 30 Jun 202111 Aug 20211196%3%1%2%
01 Jul 2019 - 31 Dec 201913 Mar 20201097%2%1%13%
01 Jan 2019 - 30 Jun 201930 Jul 20191097%2%1%10%
01 Jan 2018 - 30 Jun 201830 Jul 20181097%2%1%11%

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

our payment terms are often dictated by Industry standard payment terms.

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

65

Dispute Resolution Process

Within the first week of receiving an invoice, we aim to process, review and validate it. If there are any queries, the Accounts Payable team or relevant employee will revert to the supplier to resolve. In the event of a dispute, we will work with the supplier until the outstanding issues are addressed and an agreement reached.

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

ORSTED SALES (UK) LIMITED is a leading energy company in the UK that specializes in the production and sale of sustainable energy solutions. The company was founded in 1991 and has its registered office in London, UK.

The main focus of ORSTED SALES (UK) LIMITED is to provide sustainable energy solutions to its customers. This is in line with their mission to create a world that runs entirely on green energy. The company offers a range of products and services including wind energy, bioenergy, and solar energy solutions.

ORSTED SALES (UK) LIMITED is committed to sustainability and has a strong sustainability program in place. The company aims to reduce its carbon footprint and promote renewable energy sources. They also have a strong focus on minimizing waste and promoting recycling.

The key people at ORSTED SALES (UK) LIMITED include the CEO, Henrik Poulsen, and the Chairman, Thomas Thune Andersen. They are supported by a team of dedicated professionals who are passionate about creating a sustainable future.

Customers can contact ORSTED SALES (UK) LIMITED through their website, which is user-friendly and provides detailed information about their products and services. The website also has a section for customer support, where customers can find answers to frequently asked questions and contact the company for any queries or concerns.

In summary, ORSTED SALES (UK) LIMITED is a leading energy company in the UK that is committed to providing sustainable energy solutions. With a strong focus on sustainability and a team of dedicated professionals, the company is making significant strides towards creating a cleaner and greener future.

Financial Metrics

Cash
£0
Net Worth
£26,516,000
Total Current Assets
£182,605,000
Total Current Liabilities
£154,889,000

Company Location