SSE HORNSEA LIMITED

PaymentCheck Score 2025
88Good
5.4vs last year
#1021 in UK
#80 in Property
#181 in South East

Company Information

Company Number
04467860
Registered Address
No.1 Forbury Place, 43 Forbury Road, Reading, United Kingdom, RG1 3JH
Status
Active
Employee Count
84
Turnover
£5,159,700,000
EBITDA
£266,900,000

Additional Details

Company Type
Private limited Company
Incorporated On
24 June 2002
Nature of Business
35220 - Distribution of gaseous fuels through mains
Industries
Property,Infrastructure And Construction,Supply Chain,Manufacturing And Commerce Models
Region
South East

Time to Pay

Average Time to Pay
26 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
89%
31-60 Days
9%
After 60 Days
2%
Not Paid Within Terms21%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2025-04-24
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Apr 2025 - 30 Sept 202528 Oct 20252693%6%1%17%
01 Oct 2024 - 31 Mar 202524 Apr 20252689%9%2%21%
01 Oct 2023 - 31 Mar 202425 Apr 20243080%15%5%31%
01 Apr 2023 - 30 Sept 202327 Oct 20232787%12%1%26%
01 Apr 2022 - 30 Sept 202228 Oct 20222891%8%1%16%
01 Apr 2021 - 30 Sept 202129 Oct 20212886%11%3%29%
01 Oct 2020 - 31 Mar 202128 Apr 20212884%12%4%31%
01 Apr 2019 - 30 Sept 201931 Oct 20193766%23%11%74%

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

SSE's standard payment terms are Nett 30 days but buyers are authorised to negotiate alternative terms with individual suppliers where appropriate.

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

30

Dispute Resolution Process

The Dispute Resolution Process is detailed within the Accounts Payable section at http://sse.com/potential-suppliers/. Alternatively suppliers can also contact the "orderer" directly using the details provided on the Purchase Order

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

SSE HORNSEA LIMITED is a leading renewable energy company based in the UK. The company specializes in the development, construction, and operation of sustainable energy projects, with a specific focus on offshore wind farms.

Their sustainability program is a key aspect of their operations, with a strong commitment to reducing their carbon footprint and promoting sustainable practices. They have set ambitious targets to achieve net-zero emissions by 2050 and have implemented various initiatives to achieve this goal, such as investing in renewable energy projects and promoting energy efficiency.

The company's main product is renewable energy, specifically offshore wind energy. They have successfully developed and operated several offshore wind farms, including the world's largest offshore wind farm, Hornsea One. These wind farms provide clean and renewable energy to millions of households in the UK, reducing the country's dependence on fossil fuels.

The key people at SSE HORNSEA LIMITED include their CEO, Jim Smith, and their Chairman, Richard Gillingwater. They also have a team of experienced professionals in various fields, including engineering, project development, and sustainability.

Their website, www.ssehornsea.com, provides detailed information about their projects, sustainability program, and career opportunities. Their registered office address is Inveralmond House, 200 Dunkeld Road, Perth, Scotland, PH1 3AQ.

In conclusion, SSE HORNSEA LIMITED is a leading renewable energy company with a strong commitment to sustainability. Their focus on developing offshore wind farms and reducing their carbon footprint makes them a key player in the UK's transition to clean energy. With a team of experienced professionals and ambitious sustainability goals, they are paving the way for a greener future.

Financial Metrics

Cash
£0
Net Worth
£322,900,000
Total Current Assets
£226,600,000
Total Current Liabilities
£65,000,000

Company Location