EON ENERGY SOLUTIONS LIMITED
Company Information
- Company Number
- 03407430
- Registered Address
- Westwood Way, Westwood Business Park, Coventry, CV4 8LG
- Status
- Active
- Employee Count
- 3806.0
- Turnover
- 609000000.0
- EBITDA
- 104000000.0
Additional Details
- Website
- https://eonenergy.com
- Company Type
- Private limited Company
- Incorporated On
- 17 July 1997
- Nature of Business
- 35140 - Trade of electricity$35230 - Trade of gas through mains$64209 - Activities of other holding companies not elsewhere classified
- Industries
- Property,Infrastructure And Construction
- Region
- West Midlands
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| 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 2023 - 31 Dec 2023 | 30 Jan 2024 | 45 | 36% | 41% | 23% | 46% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 42 | 39% | 40% | 21% | 43% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 46 | 35% | 39% | 26% | 45% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | 43 | 40% | 34% | 26% | 49% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 43 | 44% | 31% | 25% | 48% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 43 | 45% | 31% | 24% | 43% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 42 | 51% | 29% | 20% | 47% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 41 | 49% | 26% | 25% | 42% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 46 | 47% | 28% | 25% | 37% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 51 | 45% | 27% | 28% | 38% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jan 2019 | 48 | 47% | 25% | 28% | 38% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 51 | 46% | 25% | 29% | 51% |
Company Summary
E.ON ENERGY SOLUTIONS LIMITED is a leading energy company based in the United Kingdom
They offer a range of sustainable energy products and services to both residential and commercial customers
The company's sustainability program focuses on reducing their carbon footprint and promoting renewable energy sources
They have invested in wind and solar energy projects and are committed to reducing their greenhouse gas emissions
E.ON also offers energy efficiency solutions to help customers lower their energy consumption and save money
Their products and services include electricity and gas supply, energy storage solutions, smart home systems, and electric vehicle charging infrastructure
They also have a range of renewable energy options, such as solar panels, that customers can choose from
Key people at E.ON ENERGY SOLUTIONS LIMITED include Michael Lewis, the CEO, and Marc Hoffman, the CFO
The company's website is www.eonenergy.com, where customers can find more information about their products, services, and sustainability initiatives
Their registered office address is Westwood Way, Westwood Business Park, Coventry, CV4 8LG
Overall, E.ON ENERGY SOLUTIONS LIMITED is dedicated to providing sustainable energy solutions to their customers and playing a crucial role in the UK's transition to a low-carbon economy
Company Review
Trend Analysis
The average time taken for E.ON ENERGY SOLUTIONS LIMITED to pay invoices to suppliers has been decreasing over the past 3 years, going from 51 days in 2018 to 43 days in 2021. This trend suggests that the company has been making efforts to pay invoices in a more timely manner.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has been relatively low, ranging from 44% to 51%. However, the percentage of invoices paid later than 60 days has shown more volatility, ranging from 20% to 29%. This suggests that the company may struggle with consistently paying invoices within the agreed terms.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
There are three standard payment terms; 45 days end of month net, due on 5th of following month; 15 days end of month less 2% discount due on 5th of following month; 15 days less 3% discount; all from invoice entry date.
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
81
Dispute Resolution Process
Disputed items are escalated to appropriate business management as necessary.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
