RWE GENERATION UK PLC
Company Information
- Company Number
- 03892782
- Registered Address
- Windmill Hill Business Park, Whitehill Way, Swindon, Wiltshire, SN5 6PB
- Status
- Active
- Employee Count
- 790.0
- Turnover
- 7943000000.0
- EBITDA
- 2597000000.0
Additional Details
- Website
- https://rwenpower.com
- Company Type
- Public limited Company
- Incorporated On
- 13 December 1999
- Nature of Business
- 35110 - Production of electricity
- Industries
- Property,Infrastructure And Construction,Supply Chain,Manufacturing And Commerce Models
- Region
- South West
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 | 38 | 53% | 44% | 3% | 14% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 36 | 59% | 39% | 2% | 10% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 38 | 53% | 45% | 2% | 8% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 21 Jul 2022 | 36 | 59% | 39% | 2% | 10% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 39 | 49% | 49% | 2% | 10% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 39 | 49% | 46% | 5% | 16% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 38 | 51% | 45% | 4% | 12% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 38 | 49% | 45% | 6% | 16% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 43 | 41% | 55% | 4% | 13% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 43 | 38% | 59% | 3% | 11% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 45 | 33% | 62% | 5% | 16% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 45 | 35% | 58% | 7% | 26% |
Company Summary
RWE GENERATION UK PLC is a leading energy company in the UK, providing sustainable and reliable energy solutions to customers
The company is committed to minimizing its environmental impact and promoting sustainability throughout its operations
The company's sustainability program focuses on reducing carbon emissions, increasing energy efficiency, and investing in renewable energy sources
RWE GENERATION UK PLC has set ambitious targets to reduce its carbon footprint and has already made significant progress towards achieving them
The company's main products and services include electricity generation, energy trading, and energy supply
RWE GENERATION UK PLC operates a diverse portfolio of power plants, including coal, gas, and biomass, which helps to ensure a stable and secure energy supply for its customers
Some key people in RWE GENERATION UK PLC include Dr
Andreas Radmacher, the CEO, and Dr
Markus Krebber, the CFO
The company also has a dedicated team of experts and professionals who are committed to delivering sustainable energy solutions
For more information on RWE GENERATION UK PLC and its products and services, customers can visit their website at www.rwe.com
The company's registered office address is RWE Generation UK PLC, Windmill Hill Business Park, Whitehill Way, Swindon, SN5 6PB
Customers can also contact the company via email at uk@rwe.com or by calling their customer service hotline at 0345 772 5722
Company Review
Trend Analysis
The data shows a steady decrease in the average time taken for RWE GENERATION UK PLC to pay invoices to suppliers over the last three years. From 45 days in 2018 to 36 days in 2023, there has been a 20% decrease in the time taken to pay invoices.
Volatility Analysis
The percentage of invoices paid within 30 days has fluctuated between 33% and 59% over the last three years, with an overall average of 45%. The percentage of invoices paid between 31 and 60 days has also fluctuated, ranging from 39% to 62%, with an overall average of 46%. The percentage of invoices paid later than 60 days has remained relatively low, with a range of 2% to 7% and an overall average of 4%. The percentage of invoices not paid within agreed terms has also remained relatively stable, with a range of 8% to 16% and an overall average of 12%.
Summary Analysis
From 2018 to 2023, RWE GENERATION UK PLC has shown a consistent trend of decreasing the time taken to pay invoices to suppliers. This is reflected in the data, with a decrease in the average time to pay from 45 days to 36 days. This improvement can also be seen in the increase of invoices paid within 30 days, from 33% to 59%, and the decrease in invoices paid between 31 and 60 days, from 62% to 39%. However, the company still has room for improvement in paying invoices within agreed terms, as the percentage of invoices not paid within agreed terms has remained relatively stable at an average of 12%. The best period for RWE GENERATION UK PLC was in 2023, where 59% of invoices were paid within 30 days and only 2% were paid later than 60 days. The worst period was in 2018, where only 35% of invoices were paid within 30 days and 7% were 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
RWE Generation UK plc shall pay the charges (excluding any disputed amounts) for trade suppliers within 60 days of receipt of an accurate and valid VAT invoice, unless otherwise agreed with trade suppliers. An accurate and valid invoice is one that has been approved for payment and entered into the payment system.
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
60
Dispute Resolution Process
Invoices that cannot be validated are queried out to the business. Vendors should contact the Shared Service Centre help desk in the first instance with any queries. A ticketing solution is used to monitor queries where the answer is not provided instantly.
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
