Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The average time taken for SOLAR CENTURY HOLDINGS LIMITED to pay invoices has been fluctuating over the past three periods, with a decrease in the most recent period.
The percentage of invoices paid within 30 days has been increasing over the past three periods, while the percentage of invoices paid between 31 and 60 days has been decreasing. The percentage of invoices paid later than 60 days has also been decreasing, indicating a trend towards earlier payment. However, the percentage of invoices not paid within agreed terms has been increasing, indicating potential issues with meeting payment deadlines.
| 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 Oct 2020 - 31 Mar 2021 | 10 May 2021 | 42 | 46% | 43% | 11% | 31% |
| 01 Apr 2020 - 30 Sept 2020 | 27 Oct 2020 | 39 | 45% | 42% | 14% | 36% |
| 01 Oct 2019 - 31 Mar 2020 | 29 Jul 2020 | 62 | 17% | 50% | 33% | 51% |
| 01 Apr 2019 - 30 Sept 2019 | 14 Oct 2019 | 57 | 13% | 65% | 22% | 40% |
| 01 Nov 2018 - 31 Mar 2019 | 14 Oct 2019 | 53 | 19% | 61% | 20% | 23% |
| 01 Apr 2018 - 30 Oct 2018 | 01 Feb 2019 | 52 | 23% | 60% | 17% | 17% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days of the end of the month following the date of the invoice
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
90
Good faith negotiations, adjudication and arbitration
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
Solar Century Holdings Limited is a private limited company incorporated in 1998, originally registered as Thoroughrealm Limited and briefly as Solar Century (Holdings) Limited. Companies House records its nature of business as other specialised construction activities, with associated industry tags of renewable energy and repair, maintenance and servicing. Correspondence addresses for its directors reference Statkraft UK Ltd, indicating the company operates as part of the Statkraft group structure. No further detail on trading operations, products or services is available from the supplied evidence, and the company should be understood as a group holding entity linked to solar energy activities rather than an operating trading business in its own right.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk