CENTRICA ENERGY STORAGE LIMITED

PaymentCheck Score 2025
65Fair
0.9vs last year
#2778 in UK
#130 in Energy
#111 in Yorkshire and The Humber

Company Information

Company Number
03294124
Registered Address
Woodland House, Woodland Park, Hessle, United Kingdom, HU13 0FA
Status
Active
Employee Count
239
Turnover
£194,000,000
EBITDA
£38,000,000

Additional Details

Company Type
Private limited Company
Incorporated On
18 December 1996
Nature of Business
06200 - Extraction of natural gas
35220 - Distribution of gaseous fuels through mains
49500 - Transport via pipeline
82990 - Other business support service activities not elsewhere classified
Industries
Energy
Region
Yorkshire and The Humber

Time to Pay

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

Payment Timeline

Within 30 Days
48%
31-60 Days
49%
After 60 Days
3%
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: 2025-01-28
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202530 Jul 20254144%53%3%11%
01 Jul 2024 - 31 Dec 202428 Jan 20253948%49%3%5%
01 Jan 2024 - 30 Jun 202426 Jul 20244140%57%3%5%
01 Jan 2022 - 30 Jun 202229 Jul 20224912%78%10%13%
01 Jan 2021 - 30 Jun 202127 Jul 2021527%59%34%11%
01 Jan 2020 - 30 Jun 202030 Jul 20204710%77%13%26%
01 Jan 2019 - 30 Jun 201926 Jul 20192562%38%0%20%
01 Jul 2018 - 31 Dec 201828 Jan 20194225%64%11%30%
01 Jan 2018 - 30 Jun 201826 Jul 20184524%61%15%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

Our standard payment terms are 60 days with small suppliers being 30 days in line with NSTA prompt payment code.  We have special arrangements with several suppliers reflecting the requirements of Centrica Energy Storage’s business and the suppliers we deal with.

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

No information available

Any other information about payment terms

To prevent a delay in invoice processing, invoices must be clearly legible, comply with HMRC regulations and should include supplier details, purchase order number, invoice number, invoice date and payment instructions, as well as the Centrica Energy Storage point of contact. Invoices should be issued electronically to accountspayable@centrica-sl.co.uk. Suppliers still submitting physical invoices are being encouraged to submit these electronically. Invoices that do not align with this standard will not be accepted and will be returned for amendment.

Maximum contractual payment period agreed

60

Dispute Resolution Process

For any disputes the suppliers should contact the Centrica Energy Storage 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

Centrica Energy Storage Limited is a British company that specializes in energy storage solutions for businesses and households. They focus on sustainable energy practices and offer a variety of products and services to meet the needs of their customers.

Their sustainability program includes a commitment to reducing carbon emissions and promoting renewable energy sources. They also prioritize energy efficiency and provide customers with solutions that can help reduce their energy consumption.

One of their main products is a home battery storage system, which allows households to store excess energy generated from solar panels and use it when needed. This helps to reduce reliance on traditional energy sources and lower energy costs.

Key people at Centrica Energy Storage Limited include the CEO, Chris O’Shea, and the Managing Director, Jorge Pikunic, who both have extensive experience in the energy industry.

The company can be contacted through their website, where customers can find more information about their products and services. Their registered office address is Millstream, Maidenhead Road, Windsor, Berkshire, SL4 5GD.

In summary, Centrica Energy Storage Limited is a British company that promotes sustainable energy practices and offers innovative energy storage solutions for businesses and households. With a strong commitment to reducing carbon emissions and promoting renewable energy, they are a leader in the energy storage industry.

Financial Metrics

Cash
£0
Net Worth
£125,000,000
Total Current Assets
£26,000,000
Total Current Liabilities
£454,000,000

Company Location