GE STEAM POWER LTD
Company Information
- Company Number
- 04347573
- Registered Address
- Newbold Road, Rugby, Warwickshire, United Kingdom, CV21 2NH
- Status
- Active
- Employee Count
- 368
- Turnover
- £124,450,000
- EBITDA
- £11,875,000
Additional Details
- Website
- https://gepower.com
- Company Type
- Private limited Company
- Incorporated On
- 4 January 2002
- Nature of Business
- 27110 - Manufacture of electric motors, generators and transformers
- Industries
- Hardware
- Region
- West Midlands
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 2023 - 31 Dec 2023 | 22 Jan 2024 | 55 | 31% | 22% | 47% | 39% |
| 01 Jul 2022 - 31 Dec 2022 | 23 Jan 2023 | 69 | 16% | 18% | 66% | 25% |
| 01 Jul 2021 - 31 Dec 2021 | 15 Feb 2022 | 69 | 14% | 18% | 68% | 28% |
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 for suppliers to MOD Contracts, 90 days for others.
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
120
Dispute Resolution Process
Accounts Payable escalate any disputes to sourcing team who engage supplier to establish agreed term.
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.
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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.
❌
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
GE STEAM POWER LTD is a global energy company that specializes in providing cutting-edge steam power technology and services. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
Their sustainability program focuses on reducing carbon emissions, increasing energy efficiency, and promoting renewable energy sources. They have also set ambitious goals to achieve net-zero carbon emissions in their operations by 2030.
The company's main products and services include steam turbines, boilers, generators, and digital solutions for power plant optimization. These products are used in various industries such as power generation, oil and gas, and industrial processes.
Key people in GE STEAM POWER LTD include Andreas Lusch, the CEO, and Paul Browning, the President and CEO of GE Gas Power. They have a team of experienced engineers, technicians, and business professionals who work together to deliver innovative solutions to their clients.
The company's contact information can be found on their website, including their registered office address in Rugby, United Kingdom. Their website also provides information on their products, services, and sustainability initiatives.
In summary, GE STEAM POWER LTD is a leading energy company with a strong focus on sustainability. Through their innovative products and services and their commitment to reducing their carbon footprint, they are playing a crucial role in shaping the future of the energy industry.
