NPOWER COMMERCIAL GAS LIMITED
Company Information
- Company Number
- 03768856
- Registered Address
- Westwood Way, Westwood Business Park, Coventry, England, CV4 8LG
- Status
- Active
- Employee Count
- 958.0
- Turnover
- 6246918000.0
- EBITDA
- 111243000.0
Additional Details
- Website
- https://nbsemq.com/
- Company Type
- Private limited Company
- Incorporated On
- 7 May 1999
- Nature of Business
- 35140 - Trade of electricity$35230 - Trade of gas through mains
- Industries
- Property,Infrastructure And Construction
- Region
- West Midlands
Company Location
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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 | 30 | 67% | 19% | 14% | 58% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 24 | 71% | 20% | 9% | 61% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 29 | 67% | 23% | 10% | 32% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 27 | 71% | 18% | 11% | 27% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 15 | 89% | 10% | 1% | 10% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 17 | 92% | 4% | 4% | 13% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 18 | 88% | 11% | 1% | 14% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 18 | 85% | 13% | 2% | 16% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 17 | 88% | 9% | 3% | 19% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 17 | 83% | 13% | 4% | 23% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 26 | 61% | 35% | 4% | 33% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 23 | 76% | 21% | 3% | 30% |
Company Summary
NPOWER COMMERCIAL GAS LIMITED is a British company that provides commercial gas solutions to businesses across the United Kingdom
The company is committed to promoting sustainability and reducing carbon emissions through its products and services
Their sustainability program includes initiatives such as energy efficiency audits, renewable energy solutions, and promoting the use of low-carbon fuels
They also offer a range of energy management services to help businesses reduce their energy consumption and costs
The company's primary product is commercial gas, which is supplied to businesses of all sizes, from small shops to large industrial sites
They offer flexible contracts and competitive pricing to meet the diverse needs of their customers
NPOWER COMMERCIAL GAS LIMITED has a team of experienced professionals, including engineers and energy consultants, who work closely with businesses to provide tailored solutions
Their key people include Chief Executive Officer, Paul Coffey, and Managing Director, Phil Scholes
To learn more about the company's products and services, customers can visit their website at www.npower.com
The company's registered office address is 60 Threadneedle Street, London, EC2R 8HP
They also have customer service contact information available on their website for any inquiries or assistance
Company Review
Trend Analysis
NPOWER COMMERCIAL GAS LIMITED has shown a consistent trend of decreasing average time to pay invoices over the past three periods. In 2018-2019, the average time to pay was 23 days, which decreased to 17 days in 2019-2020. In the most recent period of 2021-2022, the average time to pay increased to 27 days but then decreased again to 24 days in 2022-2023.
Volatility Analysis
The volatility of NPOWER COMMERCIAL GAS LIMITED's payment patterns can be seen in the fluctuations of the percentage of invoices paid within 30 days. From a low of 61% in 2018-2019, the company improved to 92% in 2021-2022 before dropping again to 67% in 2022-2023.
Summary Analysis
In the past three periods, NPOWER COMMERCIAL GAS LIMITED has consistently improved their payment practices, decreasing their average time to pay and increasing the percentage of invoices paid within 30 days. The company has also significantly reduced the percentage of invoices paid later than 60 days, from a high of 14% in 2018-2019 to only 4% in 2021-2022. However, there is still room for improvement in the percentage of invoices paid within agreed terms, as it remains at 61% in the most recent period of 2022-2023.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms are between 0 and 90 days from invoice date. Variations can be agreed for individual circumstances.
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
90
Dispute Resolution Process
Queries relating to invoices and payments are resolved using an integrated workflow solution involving the payments team and related parts of the business.
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