Score of 80.9/100 qualifies for PaymentCheck Certification
ORSTED BURBO (UK) LIMITED demonstrates a solid average payment time of 25 days, comfortably within standard 30-day terms. The distribution shows that 64% of payments are made within 30 days, with the remaining 36% falling in the 31-60 day bracket and no payments exceeding 60 days, indicating a controlled and bounded payment cycle. This pattern suggests a consistent, if somewhat slow-tailed, payment behaviour with no evidence of severe delays or deteriorating trends.
The absence of payments beyond 60 days is a strong positive signal, indicating that extended delinquency is not a risk factor for this company. However, the 36% of invoices settling in the 31-60 day window introduces moderate variability around the stated average, meaning cash flow timing is not fully predictable on a per-invoice basis. The 8% late payment rate adds a minor but notable reliability concern, suggesting a small proportion of invoices will require follow-up or monitoring.
Overall, ORSTED BURBO (UK) LIMITED represents a low-to-moderate risk customer, suitable for standard credit terms given its 25-day average and zero exposure beyond 60 days. Suppliers should factor in the 36% slow-pay tail when managing cash flow forecasts, and may wish to apply proactive invoice reminders around the 25-30 day mark to reduce the 8% late payment incidence. Standard 30-day net terms are appropriate, with periodic payment performance reviews recommended rather than any immediate credit restriction.
| 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 | 30 Mar 2026 | 24 | 68% | 32% | 0% | 9% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Mar 2026 | 25 | 64% | 36% | 0% | 8% |
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
ORSTED BURBO (UK) LIMITED is a private limited company associated with the Ørsted group's Burbo Bank offshore wind operations in the United Kingdom. The company forms part of the corporate structure supporting one of the most significant offshore wind energy developments in British waters.
The company was incorporated on 21 December 2000 and is registered in England and Wales under company number 04129545. Its registered office is located at 5 Howick Place, London, England, SW1P 1WG, placing it within the capital's established business district.
As part of the Ørsted group's UK operations, this type of entity supports the development, ownership, and operation of offshore wind assets. Ørsted is a globally recognised leader in offshore wind energy, and its UK subsidiary structures are established to manage specific wind farm projects, including associated generation, maintenance, and grid connection activities.
ORSTED BURBO (UK) LIMITED currently holds an active status with Companies House, reflecting its continued role within the corporate and operational framework of offshore renewable energy in the United Kingdom.