EON NEXT ENERGY LIMITED
Company Information
- Company Number
- 03782443
- Registered Address
- Westwood Way, Westwood Business Park, Coventry, England, CV4 8LG
- Status
- Active
- Employee Count
- 2794.0
- Turnover
- 9099000000.0
- EBITDA
- -157000000.0
Additional Details
- Website
- https://eonnext.com/
- Company Type
- Private limited Company
- Incorporated On
- 4 June 1999
- Nature of Business
- 35130 - Distribution of electricity$35220 - Distribution of gaseous fuels 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 | 37 | 53% | 35% | 12% | 51% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 11 | 90% | 6% | 4% | 17% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 6 | 95% | 2% | 3% | 7% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | 9 | 90% | 7% | 3% | 26% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 21 | 74% | 19% | 7% | 27% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 12 | 98% | 2% | 0% | 1% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 11 | 98% | 2% | 0% | 3% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 10 | 98% | 2% | 0% | 4% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 10 | 97% | 3% | 0% | 4% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 9 | 96% | 3% | 1% | 7% |
Company Summary
E.ON NEXT ENERGY LIMITED is a leading energy company that focuses on sustainability and providing innovative products and services
The company is committed to reducing carbon emissions and promoting renewable energy sources
Their sustainability program includes investing in renewable energy projects, reducing their own carbon footprint, and providing energy efficiency solutions to their customers
They also offer green energy tariffs, which allow customers to choose renewable sources for their electricity
E.ON NEXT ENERGY LIMITED has a diverse range of products and services, including electricity and gas supply, solar panel installations, and battery storage solutions
They also provide smart home technology and energy management systems, helping customers to monitor and control their energy usage
The key people at E.ON NEXT ENERGY LIMITED are the CEO, Michael Lewis, and the Managing Director, Anthony Ainsworth
They are supported by a team of experts in the energy industry, who work towards the company's vision of a sustainable future
To get in touch with E.ON NEXT ENERGY LIMITED, their website address is www.eonenergy.com and their registered office address is Westwood Way, Westwood Business Park, Coventry, CV4 8LG, United Kingdom
They also have a customer service hotline and various social media channels for communication and support
Company Review
Trend Analysis
The average time taken for E.ON NEXT ENERGY LIMITED to pay invoices has increased from 9 days in the first period to 37 days in the most recent period. This is a 311.1% increase over three periods.
Volatility Analysis
The volatility of the percentage of invoices paid within 30 days has increased from a low of 90% in the fifth period to a high of 98% in the third and fourth periods. This is a 8.9% increase over three periods.
Summary Analysis
E.ON NEXT ENERGY LIMITED has shown a consistent trend of increasing the average time taken to pay invoices over the past three periods. However, the company has also shown improvement in paying invoices within the agreed terms, with a decrease in the percentage of invoices paid later than 60 days and an increase in the percentage of invoices paid within 30 days. The company's best performance in terms of timely invoice payments was in the fourth period (2019-07-01 to 2019-12-31), with 98% of invoices paid within 30 days and 0% paid later than 60 days. The worst period for timely invoice payments was in the ninth period (2023-07-01 to 2023-12-31), with only 53% of invoices paid within 30 days and 12% paid later than 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
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
Any other information about payment terms
N/A
Maximum contractual payment period agreed
81
Dispute Resolution Process
Disputed items are escalated to appropriate business management as necessary.
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
