DRAX POWER LIMITED
Company Information
- Company Number
- 04883589
- Registered Address
- Drax Power Station, Selby, North Yorkshire, YO8 8PH
- Status
- Active
- Employee Count
- 0
- Turnover
- £6,784,100,000
- EBITDA
- £282,800,000
Additional Details
- Website
- https://drax.com
- Company Type
- Private limited Company
- Incorporated On
- 1 September 2003
- Nature of Business
- 35110 - Production of electricity
- Industries
- Property,Infrastructure And Construction
- Region
- Yorkshire and The Humber
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 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 62 | 32% | 56% | 12% | 17% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 54 | 32% | 58% | 10% | 15% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 54 | 32% | 53% | 15% | 21% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 57 | 30% | 51% | 19% | 25% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 48 | 40% | 39% | 21% | 31% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 44 | 35% | 42% | 23% | 22% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 50 | 30% | 47% | 23% | 23% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 45 | 35% | 46% | 19% | 27% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 37 | 39% | 52% | 9% | 27% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 31 | 49% | 44% | 7% | 22% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 29 | 50% | 47% | 3% | 18% |
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
Drax Power standard contract payment terms are 60 days; however, terms are agreed with suppliers as part of contract negotiations. Payment runs are completed on a weekly basis whereby invoices falling into this category are picked up on the next BACS following due date.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Drax Power offers reduced payment terms by credit card where accepted. Payment terms are agreed during contract negotiations.
Maximum contractual payment period agreed
60
Dispute Resolution Process
On receipt of an invoice, Accounts Payable perform standard checks to confirm: - •The invoice is for Drax Power Ltd •We have authorised supplier details and bank account for payment •A Purchase Order (PO) number is quoted and matches an approved order number •The invoice details match the approved PO for quantity, price, and description of supply •The PO has been receipted •The invoice has not already been paid •We have received a copy of the invoice We target to complete these checks within 5 days of invoice receipt. If invoices are received on a timely basis and no queries arise from these checks, payment will be schedule by BACS in accordance with terms. Where queries arise, payment will be made by BACS once these queries are resolved. We target to resolve queries within 10 days and make payment on the next scheduled BACS run. Disputes should be sent to the following email address; accountspayable@drax.com This email is monitored daily by Accounts Payable.
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
DRAX POWER LIMITED is a UK-based energy company that operates the largest power station in the country, located in North Yorkshire. The company specializes in the generation of electricity using renewable biomass fuels, making it a leader in sustainable energy production.
One of the key activities of DRAX POWER LIMITED is the operation of its power station, which has a total capacity of 3,960 megawatts. The power station uses biomass, such as wood pellets, to produce electricity, reducing its carbon emissions by over 80% compared to traditional coal-fired power plants. This makes DRAX POWER LIMITED a key player in the UK's efforts to reduce its carbon footprint and combat climate change.
In addition to its sustainable energy production, DRAX POWER LIMITED is also committed to sustainability in its operations. The company has a comprehensive sustainability program in place, which includes initiatives to reduce waste, conserve water, and protect biodiversity. The company also works closely with local communities to support economic growth and promote environmental awareness.
Some of the key people at DRAX POWER LIMITED include CEO Will Gardiner, who has been with the company since 2015, and Chairman Philip Cox, who has been on the board since 2018. The company also has a team of experienced directors and executives who oversee its operations and sustainability efforts.
For more information on DRAX POWER LIMITED, their website address is www.drax.com. The company's registered office address is The Power Station, New Lane, Selby, North Yorkshire, YO8 6PQ.
