| 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 2018 - 31 Dec 2018 | 29 Jan 2019 | 61 | 19% | 37% | 44% | 89% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 34 | 73% | 15% | 12% | 93% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Generally applied to domestic agreements, smaller, local vendor
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Volumes through this entity are minimal (c200 transactions so statistically sensitive). The majority of payments are to 2 large international partners who are not in dispute. Payment timing is due to group global system configuration which is under discussion.
Maximum contractual payment period agreed
120
Disputes are referred to Sourcing by staff and Accounts Payable. Sourcing engage with the supplier to agree payment terms
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.
❌
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
GE Capital UK Limited is a UK-registered company classified under financial leasing. It is currently in liquidation. Companies House records show it as a financial services entity, historically linked to the wider GE Capital group. Evidence associated with the GE brand describes a group-level Financial Services business, now operating as part of GE Vernova, which provides project development, structuring and financing solutions for energy transition projects worldwide, including renewable and power generation investments. This activity relates to the broader GE group's financial services operations rather than to GE Capital UK Limited itself, which appears to have functioned as a UK entity within that structure before entering liquidation.
Generated from the company's website and Companies House records. Sources: geenergyfinancialservices.com