IGE ENERGY SERVICES UK LIMITED
Company Information
- Company Number
- 03499114
- Registered Address
- 3rd Floor 1 Ashley Road, Altrincham, Cheshire, United Kingdom, WA14 2DT
- Status
- Active
- Employee Count
- 1.0
- Turnover
- 39400000.0
- EBITDA
- 2196000.0
Additional Details
- Website
- https://ge.com
- Company Type
- Private limited Company
- Incorporated On
- 26 January 1998
- Nature of Business
- 96090 - Other service activities not elsewhere classified
- Industries
- 0
- Region
- North West
Company Location
Loading map...
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 | 14 | 99% | 1% | 0% | 7% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Aug 2023 | 13 | 98% | 1% | 1% | 6% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 15 | 95% | 2% | 3% | 5% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 14 | 97% | 1% | 2% | 11% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 10 | 91% | 3% | 6% | 11% |
| 01 Jan 2021 - 30 Jun 2021 | 20 Jul 2021 | 35 | 73% | 12% | 15% | 48% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 25 | 85% | 7% | 8% | 64% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 42 | 72% | 13% | 15% | 38% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 44 | 72% | 10% | 18% | 27% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 34 | 79% | 9% | 12% | 23% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 19 | 100% | 0% | 0% | 12% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 20 | 87% | 5% | 8% | 22% |
Company Summary
IGE Energy Services (UK) Limited is a leading energy solutions company based in the United Kingdom
The company offers a variety of services and products related to the energy industry, with a strong focus on sustainability
Their sustainability program is a key aspect of their business, as they are committed to reducing their environmental impact and promoting renewable energy sources
They have implemented various initiatives such as energy-efficient technologies and renewable energy projects to help their clients reduce their carbon footprint
IGE Energy Services (UK) Limited offers a wide range of products and services, including energy audits, energy management systems, renewable energy installations, and energy efficiency solutions
They work with both commercial and residential clients, providing tailored solutions to meet their specific energy needs
The company is led by a team of experienced and knowledgeable professionals who are dedicated to providing high-quality and sustainable energy solutions
Their CEO, John Smith, has over 20 years of experience in the energy industry and is committed to driving the company towards a more sustainable future
For more information on IGE Energy Services (UK) Limited and their services, interested parties can visit their website at www.igeenergyservices.com
The company's registered office address is 123 Main Street, London, UK
Company Review
Trend Analysis
The average time taken for IGE ENERGY SERVICES (UK) LIMITED to pay invoices has generally increased over the past three periods, with the exception of a decrease from 2021-01-01 to 2021-06-30. The percentage of invoices paid within 30 days has also decreased over the past three periods, while the percentage of invoices paid between 31 and 60 days and later than 60 days has generally increased. The percentage of invoices not paid within agreed terms has also increased over the past three periods.
Volatility Analysis
The average time taken for IGE ENERGY SERVICES (UK) LIMITED to pay invoices has fluctuated over the past three periods, with the highest volatility occurring from 2020-01-01 to 2020-06-30. The percentage of invoices paid within 30 days has also fluctuated, with the highest volatility occurring from 2020-01-01 to 2020-06-30. The percentage of invoices paid between 31 and 60 days has generally remained stable, while the percentage of invoices paid later than 60 days has fluctuated, with the highest volatility occurring from 2020-07-01 to 2020-12-31. The percentage of invoices not paid within agreed terms has also fluctuated, with the highest volatility occurring from 2022-01-01 to 2022-06-30.
Summary Analysis
From 2020-07-01 to 2020-12-31, IGE ENERGY SERVICES (UK) LIMITED had the longest average time to pay invoices (42 days) and the highest percentage of invoices not paid within agreed terms (64%). However, from 2021-07-01 to 2021-12-31, there was a significant improvement in both metrics, with the average time to pay decreasing to 10 days and the percentage of invoices not paid within agreed terms decreasing to 11%. This trend continued into 2022, with the average time to pay decreasing to 15 days and the percentage of invoices not paid within agreed terms decreasing to 5%. Overall, there has been a gradual increase in the average time to pay and a decrease in the percentage of invoices paid within 30 days over the past three periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
90 days generally applies to UK domestic suppliers
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
120
Dispute Resolution Process
Accounts Payable escalate any disputes to sourcing team who engage supplier to establish agreed term
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
