SALTEND COGENERATION COMPANY LIMITED

PaymentCheck Score 2024
82Good
0.8vs last year
#1964 in UK
#79 in Yorkshire and The Humber

Company Information

Company Number
03274929
Registered Address
Saltend Power Station Saltend Chemicals Park, Hedon Road, Hull, East Riding Of Yorkshire, England, HU12 8GA
Status
Active
Employee Count
0
Turnover
£1,496,650,000
EBITDA
£173,250,000

Additional Details

Company Type
Private limited Company
Incorporated On
1 November 1996
Nature of Business
35110 - Production of electricity
Industries
Coming Soon
Region
Yorkshire and The Humber

Time to Pay

Average Time to Pay
31 days
Shortest Period:30 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
72%
31-60 Days
23%
After 60 Days
5%
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)

Company Review

Trend Analysis

The average time taken for SALTEND COGENERATION COMPANY LIMITED to pay invoices has been decreasing over the past three periods, with a drop of 2 days from the first period to the most recent. This indicates that the company is improving in terms of its payment efficiency.

Volatility Analysis

The volatility of the company's payment patterns can be seen in the fluctuation of the percentages for invoices paid within 30 days, between 31 and 60 days, and later than 60 days. These percentages have all varied by 2-3% over the past three periods, which indicates some inconsistency in the company's payment practices.

Performance Reports History

Reporting Period Filed: 2024-01-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202413 May 20253274%19%7%2%
01 Jul 2023 - 31 Dec 202330 Jan 20243172%23%5%5%

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

SCCL standard payment terms are Nett 30 days but buyers are authorised to negotiate alternative terms with individual suppliers where appropriate.

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

No

Any other information about payment terms

N/A

Maximum contractual payment period agreed

60

Dispute Resolution Process

Any disputes the suppliers should contact the Accounts Payable Team. The Accounts Payable team will consider the complaint and respond accordingly.

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

SALTEND COGENERATION COMPANY LIMITED is a UK-based company that specializes in the production and supply of electricity, steam, and other energy-related products. The company operates a state-of-the-art cogeneration plant in Saltend, East Riding of Yorkshire, which utilizes natural gas to generate electricity and steam simultaneously.

The company's sustainability program is at the core of its operations, with a focus on reducing carbon emissions and promoting renewable energy sources. SALTEND COGENERATION COMPANY LIMITED has implemented various measures, such as utilizing energy-efficient technologies and investing in renewable energy projects, to reduce its environmental impact. The company has also established partnerships with local communities to promote sustainability and support environmental initiatives.

The main products and services offered by SALTEND COGENERATION COMPANY LIMITED include electricity, steam, and other energy-related products. These are supplied to various industries, including chemical, food and beverage, and pharmaceutical industries, to meet their energy needs. The company also offers customized solutions to meet the specific requirements of its clients.

The key people at SALTEND COGENERATION COMPANY LIMITED include the Managing Director, Operations Director, and Finance Director, who bring a wealth of experience and expertise to the company. They work closely with a team of highly skilled professionals to ensure the smooth and efficient operation of the cogeneration plant.

For more information, interested individuals can visit the company's website at www.saltendcc.co.uk. The registered office address of SALTEND COGENERATION COMPANY LIMITED is Saltend Cogeneration Company Ltd, Saltend Chemicals Park, Saltend, Hull, East Yorkshire, HU12 8DS, United Kingdom.

Financial Metrics

Cash
£17,823,000
Net Worth
£336,043,000
Total Current Assets
£765,318,000
Total Current Liabilities
£490,081,000

Company Location