Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 83.8/100 qualifies for PaymentCheck Certification
The average time taken for ORMONDE ENERGY LIMITED to pay invoices has fluctuated over the past three periods, with the highest average of 44 days in the sixth period and the lowest average of 7 days in the first period. However, in the latest period, the company has improved its payment time to 28 days.
The company's payment time has shown a high degree of volatility, with a difference of 37 days between the highest and lowest average time to pay. Additionally, the percentage of invoices paid within 30 days has also fluctuated, with a difference of 27% between the highest and lowest percentage.
In the first period, ORMONDE ENERGY LIMITED had an average time of 7 days to pay invoices, with 92% of invoices paid within 30 days. However, in the sixth period, the average time increased to 44 days and only 65% of invoices were paid within 30 days.
| 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 2024 - 31 Dec 2024 | 11 Feb 2025 | 51 | 100% | 0% | 0% | 88% |
| 01 Jan 2024 - 30 Jun 2024 | 15 Aug 2024 | 16 | 100% | 0% | 0% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 04 Feb 2024 | 8 | 100% | 0% | 0% | 18% |
| 01 Jan 2023 - 30 Jun 2023 | 04 Feb 2024 | 16 | 100% | 0% | 0% | 89% |
| 01 Jul 2022 - 31 Dec 2022 | 13 Feb 2023 | 33 | 100% | 0% | 0% | 58% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 45 | 100% | 0% | 0% | 57% |
| 01 Jul 2021 - 31 Jul 2021 | 08 Feb 2022 | 12 | 82% | 15% | 3% | 41% |
| 01 Jan 2021 - 30 Jun 2021 | 05 Aug 2021 | 28 | 80% | 10% | 10% | 43% |
| 01 Jul 2020 - 31 Dec 2020 | 17 Feb 2021 | 16 | 92% | 7% | 1% | 37% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Aug 2020 | 41 | 77% | 19% | 4% | 22% |
| 01 Jul 2019 - 31 Dec 2019 | 11 Feb 2020 | 44 | 65% | 15% | 20% | 41% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Aug 2019 | 8 | 83% | 9% | 8% | 39% |
| 01 Jul 2018 - 31 Dec 2018 | 12 Feb 2019 | 9 | 94% | 6% | 0% | 70% |
| 01 Jan 2018 - 30 Jun 2018 | 09 Aug 2018 | 7 | 92% | 7% | 1% | 20% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms are 30 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 information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
Payment related disputes are handled by the respective Contract Manager or if such role does not exist for the given activity the Project Manager
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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Ormonde Energy Limited is a UK-registered company with its registered office in London, classified under production of electricity and tagged to renewable energy. Evidence links it to the Vattenfall group, a European energy business that generates and supplies electricity and heat from wind, hydro, nuclear and solar sources, and states its goal is a transition to a fossil-free society. Ormonde Energy Limited appears to function as part of this wider Vattenfall group structure rather than as an independent trading operation, with the group itself responsible for the described electricity generation and energy supply activities. No further detail on Ormonde Energy Limited's specific standalone operations is available from the supplied evidence.
Generated from the company's website and Companies House records. Sources: vattenfall.com