Score of 84.55/100 qualifies for PaymentCheck Certification
BARROW OFFSHORE WIND LIMITED demonstrates a solid average payment time of 19 days, which is well within standard 30-day terms and suggests a consistently prompt payment culture. The distribution shows that 67% of payments are settled within 30 days, with the remaining 33% falling in the 31-60 day bracket and no payments exceeding 60 days, indicating a controlled and bounded payment cycle. The absence of any over-60-day payments points to a stable and disciplined payment trajectory with no evidence of deterioration.
The 2% late payment rate is notably low and reflects a high degree of reliability in meeting agreed payment terms. However, the 33% of payments landing in the 31-60 day range introduces some variability, meaning suppliers should plan for occasional delays beyond standard terms even if those delays remain moderate. Overall predictability is strong, with the data suggesting that worst-case payment scenarios are capped at 60 days, significantly reducing cash flow risk for suppliers.
BARROW OFFSHORE WIND LIMITED presents a low-risk payment profile, making it a favourable customer for suppliers operating with standard net-30 terms. The combination of a 19-day average and a near-zero late payment rate supports confident engagement, though suppliers with tighter liquidity requirements should factor in the possibility of some invoices extending into the 31-60 day window. To mitigate this, suppliers may consider negotiating clearly defined payment milestones on larger contracts or applying modest early-payment incentives to encourage settlement within the 30-day threshold.
| 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 | 21 | 70% | 29% | 1% | 6% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Mar 2026 | 19 | 67% | 33% | 0% | 2% |
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
Barrow Offshore Wind Limited is a private limited company operating within the offshore wind energy sector in the United Kingdom. The company is engaged in the development, operation, or management of offshore wind energy assets, as indicated by its name.
The company was incorporated on 23 January 2001 and is registered in England and Wales under company number 04145993. Its registered office is located at 5 Howick Place, London, England, SW1P 1WG, placing it within the UK capital.
Companies operating in the offshore wind sector in the United Kingdom typically provide services and infrastructure relating to the generation of electricity from wind turbines situated in offshore marine environments. This includes activities such as project development, asset ownership, energy generation, and the management of wind farm operations in accordance with UK energy regulations.
Barrow Offshore Wind Limited has maintained an active status since its incorporation, representing over two decades of continuous operation within the UK's renewable energy industry.