| 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 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 41 | 44% | 53% | 3% | 11% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 39 | 48% | 49% | 3% | 5% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 41 | 40% | 57% | 3% | 5% |
| 01 Jul 2023 - 31 Dec 2023 | 26 Jan 2024 | 47 | 39% | 54% | 7% | 10% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 44 | 32% | 60% | 8% | 14% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 47 | 13% | 80% | 7% | 12% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 49 | 12% | 78% | 10% | 13% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 46 | 14% | 77% | 9% | 10% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 52 | 7% | 59% | 34% | 11% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 52 | 7% | 64% | 29% | 16% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 47 | 10% | 77% | 13% | 26% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 22 | 74% | 26% | 0% | 19% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 25 | 62% | 38% | 0% | 20% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 42 | 25% | 64% | 11% | 30% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 45 | 24% | 61% | 15% | 28% |
This information is as reported by the business, and responses are in their own words.
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
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.
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
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.
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