Industry ranking
Score of 81.7/100 qualifies for PaymentCheck Certification
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.
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.
| 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 2024 - 31 Dec 2024 | 13 May 2025 | 32 | 74% | 19% | 7% | 2% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 31 | 72% | 23% | 5% | 5% |
This information is as reported by the business, and responses are in their own words.
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 information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Any disputes the suppliers should contact the accounts payable team. The accounts payable team will consider the complaint and respond accordingly.
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
Saltend Cogeneration Company Limited is the registered entity operating Saltend Power Station on Saltend Chemicals Park, Hedon Road, Hull. It is part of Triton Power, a private power generating group in the UK that runs three power stations including Saltend, Indian Queens and Deeside. Saltend itself is described as a 1.2GW combined-cycle gas turbine facility supplying power to the UK wholesale electricity market. The wider group is involved in a hydrogen decarbonisation project (Hydrogen to Humber) aiming to convert the Saltend site to burn a blend of hydrogen, and provides stability services to the national grid. The company's core activity, as recorded, is production of electricity.
Generated from the company's website and Companies House records. Sources: tritonpower.co.uk · tritonpower.co.uk