BRITNED DEVELOPMENT LIMITED
Company Information
- Company Number
- 04251409
- Registered Address
- 1-3 Strand, London, WC2N 5EH
- Status
- Active
- Employee Count
- 0
- Turnover
- £108,209,000
- EBITDA
- £78,531,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 12 July 2001
- Nature of Business
- 35120 - Transmission 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 Jun 2024 - 31 Dec 2024 | 25 Feb 2025 | 19 | 98% | 1% | 1% | 16% |
| 01 Jul 2023 - 31 Dec 2023 | 05 Feb 2024 | 28 | 59% | 37% | 4% | 39% |
| 01 Jan 2023 - 30 Jun 2023 | 15 Aug 2023 | 22 | 77% | 21% | 2% | 27% |
| 01 Jul 2022 - 31 Dec 2022 | 07 Feb 2023 | 24 | 71% | 25% | 4% | 28% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 22 | 75% | 23% | 2% | 22% |
| 01 Jul 2021 - 31 Dec 2021 | 02 Feb 2022 | 22 | 78% | 21% | 1% | 19% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 23 | 73% | 26% | 1% | 25% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 18 | 82% | 17% | 1% | 16% |
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
30 days from Invoice date unless invoice was provided incorrectly then we go from 30 days from the date we received the corrected invoice.
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
42
Dispute Resolution Process
Upon placing an order with our supplier we send them a purchase order, this mentions the correct way of providing BDL with their invoice to ensure a smooth payment process. POH text: Other Comments or Special Instructions Please quote PO number on all correspondence. Invoices & all finance correspondence to be sent to the following email address:box.britned.invoice@BritNed.com To ensure a smooth payment process, please ensure invoices are addressed correctly (as above), reference the PO number and contain your bank details. We are happy to receive multiple invoices in a single email Accounts contact tel: +31 2620 20135" When we first started this new process the first invoices were processed when they would be for older Purchase orders. . But after we stared sending out our new Purchase Orders with all the necessary information then we stopped processing incorrect provided invoices. Once invoice was/is received it is checked on proper format. If anything is not correct we send email with attachment back to supplier with our Accounts Payable process guidelines. Dear Sir Madam, Unfortunately we cannot process your invoice. We would like to inform you on the BritNed Accounts Payable process. Please note that the missing/incorrect information is highlighted in red. • If possible for your company to (re)send your invoices and statements/inqueries directly by email to box.britned.invoice@britned.com We would like to set a few guidelines regarding invoices to ensure a smooth procedure. - Make sure your invoice always mentions your bankdetails. If this is already the case for your company, we thank you in advance. If this is not possible for your company, always send your invoice + the necessary bankdetails ,on separate paper perhaps BUT always combined in 1 pdf file. - Make sure you send 1 invoice in 1 pdf not combine them. Because they are uploaded into a recognition system, they need to be seperated. - More than 1 invoice per email by multiple pdf files is not an issue. - Make sure (the correct) BrtiNed Development Ltd Purchase Order number is mentioned on everyone of your invoices, please contact your BritNed contactperson for this number. - Make sure the correct invoice address is mentioned. UK: BritNed Development Limited 35 Homer Road Solihull West Midlands B91 3QJ • When you send your email to box.britned.invoice@britned.com always mention your company name + invoice number in the subject...or that the document is a statement. We would like to thank you in assisting BritNed in this process where possible. Please do not hesitate to contact us if there are any questions.
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
BRITNED DEVELOPMENT LIMITED is a UK-based company that specializes in providing sustainable energy solutions. The company was founded in 2008 and is headquartered in London.
The company's sustainability program is focused on reducing carbon emissions and promoting renewable energy sources. They have implemented various initiatives such as investing in wind and solar energy projects, reducing their own carbon footprint, and promoting energy efficiency in their operations.
BRITNED DEVELOPMENT LIMITED's main product is the BritNed Interconnector, a high-voltage electricity cable connecting the UK and the Netherlands. This allows for the exchange of electricity between the two countries, promoting energy security and reducing reliance on fossil fuels.
The company is led by a team of experienced professionals, including the CEO, CFO, and other key executives. They are committed to driving the company's sustainability efforts and providing reliable energy solutions to their customers.
For more information on BRITNED DEVELOPMENT LIMITED and their services, customers can visit their website at www.britned.com. The company's registered office address is located at 1 Victoria Street, London, SW1H 0ET, UK.
