LONDON POWER NETWORKS PLC
Company Information
- Company Number
- 03929195
- Registered Address
- Newington House, 237 Southwark Bridge Road, London, SE1 6NP
- Status
- Active
- Employee Count
- 0
- Turnover
- £663,100,000
- EBITDA
- £505,600,000
Additional Details
- Company Type
- Public limited Company
- Incorporated On
- 15 February 2000
- Nature of Business
- 35130 - Distribution of electricity
- Industries
- Energy
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Apr 2025 - 30 Sept 2025 | 26 Oct 2025 | 25 | 94% | 2% | 4% | 3% |
| 01 Oct 2023 - 31 Mar 2024 | 26 Apr 2024 | 20 | 97% | 2% | 2% | 4% |
| 01 Apr 2023 - 30 Sept 2023 | 25 Oct 2023 | 18 | 98% | 2% | 0% | 2% |
| 01 Apr 2022 - 30 Sept 2022 | 31 Oct 2022 | 20 | 98% | 2% | 0% | 2% |
| 01 Apr 2021 - 30 Sept 2021 | 28 Oct 2021 | 19 | 98% | 1% | 0% | 2% |
| 01 Oct 2020 - 31 Mar 2021 | 26 Apr 2021 | 20 | 98% | 2% | 0% | 2% |
| 01 Apr 2019 - 30 Sept 2019 | 29 Oct 2019 | 23 | 96% | 3% | 1% | 5% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard contractual terms for goods and services are 30 days.
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
30
Dispute Resolution Process
All POs contain contact details of the PO creator and contact details for Accounts Payable for invoice enquiries. Suppliers can either call the PO creator to enquire about the ordered goods or services or call Accounts Payable to enquire about payment of invoices.
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
London Power Networks PLC is a UK-based electricity distribution company that provides sustainable energy solutions to customers in London, the South East, and East of England. As one of the largest electricity distribution companies in the UK, their main activities include maintaining and upgrading the electricity network, connecting new customers, and responding to power outages.
The company is committed to sustainability and has implemented various initiatives to reduce their carbon footprint and promote sustainable practices. This includes investing in renewable energy sources, utilizing smart grids to improve energy efficiency, and promoting electric vehicle adoption.
London Power Networks PLC offers a range of products and services to meet the diverse energy needs of its customers. This includes connections for new buildings, upgrades for existing connections, and metering services. They also provide a variety of energy efficiency and safety advice to help customers reduce their energy consumption and save money on their bills.
The key people at London Power Networks PLC include their Chief Executive Officer, Basil Scarsella, and their Director of Sustainability, Kelly Greer. They are supported by a team of dedicated employees who work towards the company's goals of sustainable energy and excellent customer service.
For more information on their products and services, customers can visit their website at www.londonpowernetworks.co.uk. The registered office address for London Power Networks PLC is 237 Southwark Bridge Road, London, SE1 6NP.
