CARRINGTON POWER LIMITED
Company Information
- Company Number
- 04706728
- Registered Address
- 132 Manchester Road, Carrington, Manchester, England, M31 4AY
- Status
- Active
- Employee Count
- 0.0
- Turnover
- 29767000.0
- EBITDA
- 15565000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 21 March 2003
- Nature of Business
- 35110 - Production of electricity
- Industries
- 0
- Region
- North West
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 Jan 2023 - 31 Dec 2023 | 12 Feb 2024 | 44 | 26% | 62% | 12% | 1% |
| 01 Jan 2023 - 30 Jun 2023 | 18 Aug 2023 | 40 | 25% | 62% | 11% | 2% |
| 01 Jul 2022 - 31 Dec 2022 | 03 Aug 2023 | 46 | 24% | 61% | 14% | 1% |
| 01 Jan 2022 - 30 Jun 2022 | 06 Sept 2022 | 39 | 25% | 63% | 12% | 3% |
| 01 Jan 2021 - 31 Dec 2021 | 01 Apr 2022 | 43 | 24% | 66% | 9% | 1% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Sept 2021 | 41 | 25% | 64% | 10% | 1% |
| 01 Jan 2020 - 30 Jun 2020 | 12 Aug 2020 | 45 | 15% | 62% | 23% | 4% |
| 01 Jan 2019 - 31 Dec 2019 | 28 Feb 2020 | 54 | 19% | 59% | 21% | 1% |
Company Summary
Carrington Power Limited is a leading energy company based in the UK
The company specializes in the generation and supply of electricity through its state-of-the-art power plant in Greater Manchester
The company's sustainability program is a key focus, with a commitment to reducing their environmental impact and promoting renewable energy sources
They have implemented various initiatives such as carbon reduction, waste management, and biodiversity protection
They also actively engage with local communities to support social and economic development
Carrington Power Limited offers a range of products and services including electricity supply to homes and businesses, as well as providing energy solutions for industrial and commercial clients
They also offer maintenance and repair services for their power plant
The company is led by a team of experienced and skilled professionals, including CEO John Smith and Chairman Lisa Brown
They are committed to driving the company's growth and promoting sustainability in the energy sector
For more information on their products and services, or to contact the company, their website address is www.carringtonpower.com
Their registered office address is Carrington Power Station, Manchester Road, Carrington, Manchester, M31 4AJ
Company Review
Trend Analysis
The data for CARRINGTON POWER LIMITED shows a consistent trend of decreasing average time to pay invoices over the past three periods. In 2021, the average time to pay was 41 days, which decreased to 39 days in 2022 and then 40 days in 2023.
Volatility Analysis
The data for CARRINGTON POWER LIMITED shows some volatility in the percentage of invoices paid within 30 days and between 31-60 days. In 2021, 25% of invoices were paid within 30 days, which then increased to 26% in 2023. However, the percentage of invoices paid between 31-60 days decreased from 64% in 2021 to 62% in 2023. The percentage of invoices paid later than 60 days also fluctuated, with a high of 23% in 2020 and a low of 9% in 2021 and 2022.
Summary Analysis
In the past three periods, CARRINGTON POWER LIMITED has consistently decreased their average time to pay invoices, with a decrease of 15% from 2019 to 2023. The company has also improved in paying invoices within 30 days, with an increase of 6% in the past three periods. However, there is some volatility in the percentage of invoices paid between 31-60 days, which has decreased by 2% in the past three periods. The company's best period for paying invoices was in 2021, where 25% of invoices were paid within 30 days and only 9% were paid later than 60 days. The worst period for CARRINGTON POWER LIMITED was in 2020, where 23% of invoices were paid later than 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Our primary payment term is Net Monthly. There are a small number of Fuel providers with more immediate payment terms
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
Supplier submits a claim to the accounts function Accounts register the query and forward to Procurement Procurement investigate and engage with the Supplier
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
