ECOTRICITY GROUP LTD
Company Information
- Company Number
- 03521776
- Registered Address
- Lion House, Rowcroft, Stroud, Gloucestershire, England, GL5 3BY
- Status
- Active
- Employee Count
- 592
- Turnover
- £459,200,000
- EBITDA
- £8,100,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 4 March 1998
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Professional Services
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
ECOTRICITY GROUP LTD's average payment time of 43 days indicates a consistent pattern of exceeding standard 30-day payment terms. While 58% of payments are made within 30 days, the high 73% late payment rate suggests that a majority of invoices regularly exceed their due dates. This trend establishes a payment trajectory that leans towards delayed settlement rather than prompt adherence.
Volatility Analysis
The payment distribution reveals significant variability and unpredictability in payment timing beyond 30 days. A substantial 20% of invoices are paid between 31-60 days, and a concerning 22% extend beyond 60 days, indicating a high risk of prolonged payment delays. This pattern makes precise cash flow forecasting challenging for suppliers, as nearly a quarter of payments fall into a very late category.
Summary Analysis
Suppliers should approach ECOTRICITY GROUP LTD with the understanding that extended payment cycles and late payments are highly probable. It is advisable to factor in potential payment delays well beyond 60 days when evaluating credit terms and managing working capital. To mitigate risk, suppliers might consider implementing stricter payment terms, negotiating upfront payments for larger contracts, or establishing clear late payment penalties.
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 Nov 2018 - 30 Apr 2019 | 30 May 2019 | 43 | 58% | 20% | 22% | 73% |
| 01 May 2018 - 31 Oct 2018 | 18 Apr 2019 | 29 | 75% | 15% | 10% | 24% |
| 01 Nov 2017 - 30 Apr 2018 | 02 Jul 2018 | 17 | 91% | 6% | 3% | 9% |
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
30 days from invoice date
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
Dispute Resolution Process
Any queries raised by suppliers are reviewed initially by the AP team, working with business stakeholders as required, they will escalate to senior managers, if necessary, for guidance and resolution.
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?
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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
Company Summary
ECOTRICITY GROUP LTD is an active Private limited Company. Its name, 'Ecotricity', combines 'eco' and 'electricity', directly reflecting a focus on environmentally responsible energy services.
The company was incorporated on 4 March 1998 under company number 03521776. Its registered office is located at Lion House, Rowcroft, Stroud, Gloucestershire, England, GL5 3BY, within the South West of England.
As a Private limited Company, ECOTRICITY GROUP LTD operates as a distinct legal entity within the UK market. This company type typically engages in providing commercial goods and services, entering into contracts, and pursuing business objectives.
