THANET OFFSHORE WIND LIMITED
Company Information
- Company Number
- 04512200
- Registered Address
- 5th Floor 70, St Mary Axe, London, United Kingdom, EC3A 8BE
- Status
- Active
- Employee Count
- 3.0
- Turnover
- 238738000.0
- EBITDA
- 209052000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 15 August 2002
- Nature of Business
- 35110 - Production of electricity$35120 - Transmission of electricity$35130 - Distribution of electricity
- Industries
- Property,Infrastructure And Construction
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 | 04 Feb 2024 | 9 | 100% | 0% | 0% | 40% |
| 01 Jan 2023 - 30 Jun 2023 | 04 Feb 2024 | 27 | 100% | 0% | 0% | 95% |
| 01 Jul 2022 - 31 Dec 2022 | 13 Feb 2023 | 21 | 100% | 0% | 0% | 60% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 32 | 100% | 0% | 0% | 60% |
| 01 Jul 2021 - 31 Dec 2021 | 02 Feb 2022 | 15 | 92% | 5% | 3% | 44% |
| 01 Jul 2020 - 31 Dec 2020 | 17 Feb 2021 | 23 | 74% | 21% | 5% | 24% |
| 01 Jan 2020 - 30 Jun 2020 | 05 Aug 2021 | 32 | 83% | 8% | 9% | 37% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Aug 2020 | 43 | 79% | 14% | 7% | 38% |
| 01 Jul 2019 - 31 Dec 2019 | 11 Feb 2020 | 20 | 89% | 7% | 5% | 33% |
| 01 Jan 2019 - 30 Jun 2019 | 21 Aug 2019 | 23 | 98% | 1% | 1% | 48% |
| 01 Jul 2018 - 31 Dec 2018 | 12 Feb 2019 | 9 | 98% | 2% | 0% | 43% |
| 01 Jan 2018 - 30 Jun 2018 | 09 Aug 2018 | 22 | 73% | 19% | 8% | 31% |
Company Summary
Thanet Offshore Wind Limited is a UK-based company that specializes in the development and operation of offshore wind farms
They are committed to promoting sustainability and reducing carbon emissions through their renewable energy projects
Their main activity is the development and operation of the Thanet Offshore Wind Farm, located off the coast of Kent in the North Sea
This wind farm has a capacity of 300 megawatts and can power over 200,000 homes, making it one of the largest offshore wind farms in the world
Thanet Offshore Wind Limited has a strong sustainability program in place, aiming to minimize the environmental impact of their operations
They use state-of-the-art technology to reduce noise and visual impacts, and have implemented measures to protect marine life in the area
The company also offers a range of products and services related to offshore wind energy
These include consultancy services, project management, and maintenance and support services for offshore wind farms
The key people involved in Thanet Offshore Wind Limited include their Managing Director, who oversees the overall operations of the company, and their team of engineers and technicians who are responsible for the maintenance and operation of the wind farm
For more information on their services and projects, interested parties can visit their website at www.thanetwind.co.uk
The registered office address for Thanet Offshore Wind Limited is 5 Howick Place, London, SW1P 1WG, United Kingdom
Company Review
Trend Analysis
There is a general trend of improvement in the time taken for Thanet Offshore Wind Limited to pay their invoices. The average time to pay has decreased from 22 days in 2018 to 9 days in 2018-2019, and then increased to 23 days in 2019-2020. However, it has since decreased again to 15 days in 2021-2022. This shows that the company has been making efforts to pay their invoices faster.
Volatility Analysis
The data shows that there is some volatility in the time taken for Thanet Offshore Wind Limited to pay their invoices. The average time to pay has fluctuated between 9 and 43 days over the past three periods, indicating that there may be some challenges in consistently paying invoices on time.
Summary Analysis
Over the past three periods, there has been a general improvement in the time taken for Thanet Offshore Wind Limited to pay their invoices. The average time to pay has decreased from 43 days in 2020-2021 to 15 days in 2021-2022. This is a significant improvement and shows that the company is making efforts to pay their invoices faster.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
payment terms are 60 days from the issue of the invoice. Exemption is reviewed depending on the particular scope of the contract.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
payment related disputes are handled by the respective contract manager or if such role does not exist for the given activity the project manager
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
