Industry ranking
Score of 87.25/100 qualifies for PaymentCheck Certification
| 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 2025 - 31 Dec 2025 | 28 Jan 2026 | 21 | 76% | 16% | 8% | 15% |
| 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 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 23 | 77% | 11% | 12% | 8% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 27 | 77% | 18% | 6% | 22% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 21 | 92% | 6% | 2% | 11% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 22 | 89% | 10% | 2% | 11% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 21 | 92% | 6% | 2% | 8% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 20 | 94% | 6% | 0% | 9% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
i. the business’ standard payment terms, which must include: Electricity trading related invoices are paid in accordance with the timescales set out in the GTMA. a. the standard contractual length of time for payment of invoices 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. b. maximum contractual payment period and any changes to the standard payment terms in the reporting period 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. c. how suppliers have been notified or consulted on these changes There has been no change to these terms during the reporting period. All invoices should be sent directly to the Finance Department at Dinorwig Power Station.
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
ii. the business’ process for resolving disputes related to payment 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.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
First Hydro Company is registered at Dinorwig Power Station in Llanberis, Gwynedd, and its stated business activity is the production of electricity, classified under pumped storage and renewable energy generation. The company was originally incorporated as Intercede 746 Limited before being renamed NGC Pumped Storage Limited, and later became First Hydro Company. It remains an active private unlimited company with its registered office at the power station site. Companies House records show its last accounts were made up to 31 December 2024, with confirmation statements filed regularly. The evidence available identifies it as an electricity-generating entity operating from the Dinorwig site rather than a wider corporate holding structure.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk