MARCHWOOD POWER LIMITED
Company Information
- Company Number
- 04229146
- Registered Address
- Oceanic Way, Marchwood Industrial Park, Marchwood, Southampton, SO40 4BD
- Status
- Active
- Employee Count
- 50
- Turnover
- £26,901,000
- EBITDA
- -£935,000
Additional Details
- Website
- https://marchwoodpower.com/
- Company Type
- Private limited Company
- Incorporated On
- 5 June 2001
- Nature of Business
- 35110 - Production of electricity
- Industries
- Property,Infrastructure And Construction
- Region
- South East
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 Jul 2024 - 31 Dec 2024 | 02 Jun 2025 | 22 | 63% | 37% | 0% | 7% |
| 01 Jul 2023 - 31 Dec 2023 | 08 Apr 2024 | 41 | 14% | 84% | 2% | 4% |
| 01 Jan 2023 - 30 Jun 2023 | 08 Apr 2024 | 41 | 13% | 87% | 0% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 08 Apr 2024 | 41 | 16% | 83% | 1% | 16% |
| 01 Jan 2022 - 30 Jun 2022 | 20 Jul 2022 | 42 | 11% | 89% | 0% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 10 May 2022 | 44 | 10% | 87% | 3% | 3% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 40 | 24% | 76% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 07 Sept 2020 | 34 | 43% | 57% | 0% | 1% |
| 01 Jul 2019 - 31 Dec 2019 | 10 Feb 2020 | 38 | 27% | 73% | 0% | 1% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 37 | 36% | 63% | 1% | 4% |
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
Our standard payment terms are 30 days net end of month although in some cases payment terms are shorter, where typical payment would be on direct debit, which our banking arrangements prohibit. At Marchwood Power we have one set of standard contracts with one standard for payment terms, irrespective of the type of goods/services/construction being procured and the standard terms which may exist in some of these markets. Our standard payment terms are 30 days net end of month of the invoice date. If a valid invoice is received promptly at the correct address, quoting a valid purchase order it will be included within the relevant payment run. We would only ever knowingly pay outside these terms with the prior consent of the supplier which may be required from time to time for ad hoc reasons e.g. awaiting insurance settlement monies. The correct invoicing address, which is quoted on all purchase orders is; Oceanic Way, Marchwood Industrial Park, Marchwood, SO40 4BD.
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
31
Dispute Resolution Process
At Marchwood Power we try to resolve any invoice disputes or queries as quickly as possible. Queries regarding the status of an invoice can be directed to the Accounts Payable Team via the following email address; finance@marchwoodpower.com. We do not offer a web portal service. For specific contractual disputes please contact the individual who initially ordered the goods or services provided. The agreed contractual dispute process will then be followed.
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.
❌
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.
❌
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
Marchwood Power Limited is a UK-based energy company that operates a gas-fired power station in Hampshire, England. The company was founded in 1999 and is a joint venture between ENGIE and ESB International.
The company's main activity is generating electricity through a combined cycle gas turbine, producing enough energy to power over 1 million homes. The power station is one of the most efficient and environmentally friendly in the UK, emitting low levels of carbon dioxide and other pollutants.
Marchwood Power Limited is committed to sustainability and has a strong focus on reducing its environmental impact. The company has implemented various initiatives such as using natural gas, which is a cleaner and more efficient fuel source, and continuously investing in technology to improve its energy efficiency. It also has a comprehensive waste management program and promotes biodiversity on its site.
The key people at Marchwood Power Limited include its managing director, Jim Smith, and its head of operations, Steve Thornton. They are supported by a team of experienced engineers and professionals who ensure the smooth operation of the power station.
To contact Marchwood Power Limited, individuals can visit their website at www.marchwoodpower.com, where they can find information about the company's services and sustainability efforts. The registered office address is Marchwood Power Limited, Marchwood Industrial Park, Marchwood, Southampton, SO40 4ZD, United Kingdom.
