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.
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.
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.
| 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 2022 - 31 Dec 2022 | 25 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 31 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 30 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 33 | 0% | 100% | 0% | 100% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 28 | 100% | 0% | 0% | 100% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 68 | 29% | 43% | 29% | 67% |
This information is as reported by the business, and responses are in their own words.
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 information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
81
Disputed items are escalated to appropriate business management as necessary.
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
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.
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