FIRST HYDRO COMPANY
Company Information
- Company Number
- 02444277
- Registered Address
- Dinorwig Power Station, Llanberis, Gwynedd, Wales, LL55 4TY
- Status
- Active
- Employee Count
- 172
- Turnover
- £518,637,000
- EBITDA
- £280,338,000
Additional Details
- Company Type
- Private unlimited company
- Incorporated On
- 17 November 1989
- Nature of Business
- 35110 - Production of electricity
- Industries
- Property,Infrastructure And Construction
- Region
- Wales
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 Jan 2025 - 30 Jun 2025 | 09 Jul 2025 | 22 | 89% | 10% | 1% | 12% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 21 | 91% | 9% | 0% | 9% |
| 01 Jan 2024 - 30 Jun 2024 | 11 Jul 2024 | 21 | 93% | 7% | 0% | 8% |
| 01 Jul 2023 - 31 Dec 2023 | 16 Jan 2024 | 18 | 90% | 10% | 0% | 9% |
| 01 Jan 2023 - 30 Jun 2023 | 13 Jul 2023 | 21 | 89% | 10% | 1% | 10% |
| 01 Jul 2022 - 31 Dec 2022 | 20 Jan 2023 | 17 | 74% | 7% | 19% | 7% |
| 01 Jan 2022 - 30 Jun 2022 | 20 Jan 2023 | 20 | 91% | 9% | 0% | 8% |
| 01 Jul 2021 - 31 Dec 2021 | 18 Jan 2022 | 19 | 92% | 6% | 2% | 7% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 19 | 90% | 8% | 2% | 10% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 27 | 77% | 18% | 6% | 22% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 22 | 89% | 10% | 2% | 11% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 20 | 94% | 6% | 0% | 9% |
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
Electricity trading related invoices are paid in accordance with the timescales set out in the GTMA. For supplies of goods and services to the power stations and visitor centre, small &/or local suppliers, are paid within 21 days of receipt of a valid invoice. All other suppliers are paid within 28 days of receipt of a valid invoice, unless specific alternative terms have been agreed at the contracting stage.
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
61
Dispute Resolution Process
Any disputes are notified to suppliers on receipt of invoice. Invoices are treated as valid and passed for payment within the timescales above when the issues have been resolved.
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
First Hydro Company is a leading renewable energy company based in the United Kingdom. The company specializes in hydropower generation and is committed to promoting sustainable energy solutions.
The company operates two hydropower plants, the Dinorwig Power Station in Wales and the Ffestiniog Power Station in Snowdonia. These plants have a combined capacity of 1,728 megawatts, making them one of the largest pumped-storage hydropower facilities in Europe.
First Hydro Company is dedicated to promoting environmental sustainability and has implemented various sustainability programs. These include reducing carbon emissions, promoting biodiversity, and using recycled materials in their operations. The company also invests in the local community, providing support to various environmental and community projects.
The company's main product and service is the generation of clean and renewable energy through hydropower. This helps to reduce the reliance on fossil fuels and contribute to a greener future. First Hydro Company also offers educational tours at their power plants to raise awareness about renewable energy and its benefits.
The key people at First Hydro Company include the Managing Director, Richard Kayser, and the Director of Sustainability, Sarah Jones. Both are dedicated to driving the company's sustainability efforts and promoting the use of renewable energy.
To learn more about First Hydro Company and their sustainability initiatives, you can visit their website at www.firsthydro.co.uk. Their registered office address is at Electric Mountain, Llanberis, Gwynedd, LL55 4UR.
