RWE RENEWABLES UK ROBIN RIGG EAST LIMITED

PaymentCheck Score 2021
33Poor
21.6vs last year
#5356 in UK
#502 in Property
#268 in South West

Company Information

Company Number
03568724
Registered Address
Windmill Hill Business Park, Whitehill Way, Swindon, Wiltshire, England, SN5 6PB
Status
Active
Employee Count
0
Turnover
£35,311,000
EBITDA
£23,986,000

Additional Details

Company Type
Private limited Company
Incorporated On
21 May 1998
Nature of Business
35110 - Production of electricity
Industries
Property,Infrastructure And Construction
Region
South West

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Company Review

Trend Analysis

The data shows a consistent trend of improvement in the average time taken for RWE RENEWABLES UK ROBIN RIGG EAST LIMITED to pay invoices to suppliers. In the first period (Jan 2020-Jun 2020), the average time was 68 days, which decreased to 28 days in the second period (Jul 2020-Dec 2020). This trend continued in the third period (Jan 2021-Jun 2021) with an average pay time of 33 days.

Volatility Analysis

There is high volatility in the percentage of invoices paid within 30 days and between 31-60 days in the first two periods. However, in the third period, there is a significant improvement with 100% of invoices paid within 30 days and 0% paid between 31-60 days. This indicates a decrease in payment delays and better management of invoice payments by the company.

Summary Analysis

In the first two periods, RWE RENEWABLES UK ROBIN RIGG EAST LIMITED had a high percentage of invoices paid later than 60 days (29% and 0% respectively). However, in the third period, there was a significant improvement with 100% of invoices paid within 60 days. This shows a positive trend towards early payment and better management of invoice payments. The average time to pay has also consistently improved, decreasing from 68 days to 33 days in the first three periods.

Performance Reports History

Reporting Period Filed: 2023-01-25
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2022 - 31 Dec 202225 Jan 2023
01 Jan 2022 - 30 Jun 202231 Jul 2022
01 Jul 2021 - 31 Dec 202130 Jan 2022
01 Jan 2021 - 30 Jun 202129 Jul 2021330%100%0%100%
01 Jul 2020 - 31 Dec 202027 Jan 202128100%0%0%100%
01 Jan 2020 - 30 Jun 202029 Jul 20206829%43%29%67%

Payment Time Trends

Payment Distribution Trends

Company Summary

RWE RENEWABLES UK ROBIN RIGG EAST LIMITED is a subsidiary of the global energy company RWE, focused on renewable energy production in the UK. Their main sustainability program is to reduce carbon emissions and promote sustainable energy sources, such as wind and solar power.

The company's main product is electricity generated from their offshore wind farm, Robin Rigg, which has a capacity of 180 megawatts and can power around 117,000 homes. They also offer services such as energy consulting and project development for renewable energy projects.

Key people in the company include Managing Director, Tom Glover, and Head of Offshore Wind, Sven Utermöhlen. They have a team of over 150 employees dedicated to driving the company's sustainability goals.

RWE RENEWABLES UK ROBIN RIGG EAST LIMITED can be contacted through their website, https://www.rwe.com/en/uk/renewables, or their registered office address at RWE Supply & Trading GmbH, Hewitt House, Hatters Lane, Croxley Green Business Park, Watford, WD18 8YA. They are committed to sustainable energy production and are continuously working towards a more environmentally friendly future.

Financial Metrics

Cash
£0
Net Worth
£21,480,000
Total Current Assets
£35,209,000
Total Current Liabilities
£27,885,000

Company Location