Score of 99.2/100 qualifies for PaymentCheck Certification
GUNFLEET SANDS LIMITED demonstrates an exceptionally strong payment profile, with an average settlement time of just 11 days, well ahead of standard 30-day terms. An overwhelming 99% of invoices are paid within 30 days, with only 1% falling into the 31-60 day bracket and no payments recorded beyond 60 days. This distribution indicates a consistently fast and disciplined payment pattern with no evidence of deterioration or delay trends.
The payment data reflects a highly predictable and stable payer, with zero late payments recorded and minimal variance across payment brackets. The marginal 1% in the 31-60 day band represents negligible risk and is unlikely to indicate systemic issues, pointing instead to isolated administrative exceptions. Suppliers can expect a high degree of reliability, with very low exposure to cash flow disruption arising from delayed receipts.
GUNFLEET SANDS LIMITED presents an extremely low-risk payment profile and can be considered a preferred counterparty for trade credit decisions. Suppliers may comfortably extend standard or enhanced credit terms with minimal need for protective measures such as advance payment requirements or shortened credit windows. The only recommended precaution is routine invoice monitoring to catch any rare exceptions in the 31-60 day segment before they escalate.
| 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 2024 - 31 Dec 2024 | 27 Mar 2026 | 14 | 98% | 2% | 0% | 2% |
| 01 Jan 2024 - 30 Jun 2024 | 27 Mar 2026 | 11 | 99% | 1% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard contractual length of time for payment of invoices are 30 days from invoice received date. The maximum contractual payment period is 60 days from invoice day.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
"The Parties will attempt to settle any dispute between them by entering into good-faith negotiations through the appropriate management level of governance in a timely manner. The Parties must as a minimum attend the first good-faith negotiations. If a dispute is not resolved by prior negotiation, any dispute arising out of or in connection with the Agreement, including any disputes regarding the existence, validity or termination thereof, shall be settled by arbitration in accordance with the provisions of the Rules of the London Court of International Arbitration provided that: a) one (1) arbitrator will be appointed; b) the arbitrator applies the laws of England; c) the arbitration shall be conducted in the English language; and d) be held in London, England. Any arbitration proceedings and decisions under the Agreement are confidential."
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
Gunfleet Sands Limited is a private limited company operating within the renewable energy sector, with its name referencing the Gunfleet Sands offshore wind farm located in the Thames Estuary off the Essex coast.
The company is registered in England and Wales under company number 04019207 and maintains its registered office at 5 Howick Place, London, SW1P 1WG. Incorporated on 16 June 2000, the organisation has been active for over two decades.
Companies operating in the offshore wind sector in the United Kingdom are involved in the development, construction, ownership, and operation of offshore wind energy installations. Such organisations play a role in the generation and supply of renewable electricity to the national grid, contributing to the UK's energy infrastructure.
Gunfleet Sands Limited holds active status with Companies House, confirming it remains a legally registered and operational entity within the United Kingdom.