INTERCONNECTOR LIMITED

PaymentCheck Score 2022
96Excellent
1.5vs last year
#373 in UK
#187 in London

Company Information

Company Number
02989838
Registered Address
15-16 Buckingham Street, London, England, WC2N 6DU
Status
Active
Employee Count
85
Turnover
£113,440,000
EBITDA
£74,457,000

Additional Details

Company Type
Private limited Company
Incorporated On
14 November 1994
Nature of Business
49500 - Transport via pipeline
Industries
Travel And Transportation
Region
London

Time to Pay

Average Time to Pay
23 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
97%
31-60 Days
2%
After 60 Days
1%
Not Paid Within Terms5%

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: 2024-07-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2022 - 30 Jun 202228 Jul 20222298%2%0%4%
01 Jul 2021 - 31 Dec 202128 Jan 20222198%2%0%3%
01 Jan 2021 - 30 Jun 202130 Jul 20212493%7%0%8%
01 Jul 2019 - 31 Dec 201927 Jan 20202292%7%1%8%
01 Jan 2019 - 30 Jun 201925 Jul 20192289%11%1%14%
01 Jul 2018 - 31 Dec 201829 Jul 20191995%4%1%8%
01 Jan 2018 - 30 Jun 201829 Jul 20192378%21%1%28%

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

30 days from receipt of invoice.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

There are a small number of other payment periods, e.g. 10 days, 20 days etc. but these are in the minority and are not contract type specific.

Maximum contractual payment period agreed

30

Dispute Resolution Process

Contact whoever the dispute is with in the first instance. Otherwise contact Accounts Payable. Reception number is +44 20 3621 7800.

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

Interconnector Limited is a leading energy company in the United Kingdom, committed to providing sustainable and reliable energy solutions. The company specializes in the transmission and distribution of electricity and gas through its extensive network of interconnectors.

As part of its sustainability program, Interconnector Limited has implemented various initiatives to reduce its carbon footprint and promote renewable energy sources. These include investing in renewable energy projects, implementing energy-efficient technologies, and promoting responsible energy consumption among its customers.

The company's main products and services include the operation and maintenance of interconnectors, gas storage facilities, and power generation plants. They also offer energy trading and balancing services to ensure a stable and secure energy supply for their customers.

Interconnector Limited is led by a team of experienced executives, including the CEO, Mark Gannon, and the Chairman, Robert Castaigne. The company's registered office address is located at 40 Grosvenor Place, London SW1X 7AW, United Kingdom.

Customers can contact Interconnector Limited through their website, which is www.interconnector.com. The website also provides information on the company's sustainability efforts, services, and latest news in the energy industry. Interconnector Limited is dedicated to providing sustainable and reliable energy solutions, making a positive impact on the environment and society as a whole.

Financial Metrics

Cash
£185,874,000
Net Worth
£54,257,000
Total Current Assets
£236,769,000
Total Current Liabilities
£134,830,000

Company Location