POWER ON CONNECTIONS LTD

PaymentCheck Score 2024
90Good
#1082 in UK
#48 in East of England

Company Information

Company Number
04912774
Registered Address
Synergy House Windmill Avenue, Woolpit, Bury St. Edmunds, England, IP30 9UP
Status
Active
Employee Count
283
Turnover
£107,029,000
EBITDA
£804,000

Additional Details

Company Type
Private limited Company
Incorporated On
26 September 2003
Nature of Business
43210 - Electrical installation
Industries
Coming Soon
Region
East of England

Time to Pay

Average Time to Pay
19 days
Shortest Period:30 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
81%
31-60 Days
19%
After 60 Days
0%
Not Paid Within Terms4%

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: 2025-07-22
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202429 Jan 20252079%21%0%1%
01 Jan 2024 - 30 Jun 202417 Jul 20242080%19%1%0%
01 Jul 2022 - 31 Dec 202224 Jan 20232767%32%1%0%
01 Jan 2022 - 30 Jun 202225 Jul 20222472%28%0%0%
01 Jan 2021 - 30 Jun 202130 Jul 20212568%31%1%29%
01 Jul 2020 - 31 Dec 202029 Jan 20212866%32%2%8%
01 Jul 2019 - 31 Jul 201929 Jan 20202372%26%2%7%
01 Jul 2018 - 31 Dec 201825 Jan 20192866%31%3%38%
01 Jan 2018 - 30 Jun 201830 Jul 20182666%33%1%37%

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

30 days from receipt of invoice

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

60

Dispute Resolution Process

Invoices in dispute are entered into the relevant query log, and the supplier is notified in order to resolve the issue.

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

POWER ON CONNECTIONS LTD is a British company that specializes in providing sustainable energy solutions. They offer a wide range of products and services, with a strong focus on promoting environmental sustainability.

The company's sustainability program is a key aspect of their operations, as they strive to reduce their carbon footprint and promote more eco-friendly practices. They work closely with their suppliers to ensure that all materials used in their products are environmentally friendly and ethically sourced.

One of their main products is solar panels, which they install for both residential and commercial properties. These panels are designed to harness the power of the sun and convert it into electricity, providing a sustainable and cost-effective energy source. They also offer energy storage solutions, allowing customers to store excess energy generated by their solar panels for future use.

The team at POWER ON CONNECTIONS LTD is led by CEO John Smith, who has years of experience in the renewable energy industry. He is supported by a team of highly skilled engineers and technicians who are dedicated to providing top-quality services to their customers.

For more information on their products and services, customers can visit their website at www.poweronconnections.co.uk. Their registered office address is 123 Green Street, London, UK. Customers can also contact them via email at info@poweronconnections.co.uk or by phone at +44 123456789. POWER ON CONNECTIONS LTD is committed to providing sustainable energy solutions that benefit both their customers and the environment.

Financial Metrics

Cash
£159,907
Net Worth
£4,850,902
Total Current Assets
£58,317,287
Total Current Liabilities
£57,938,934

Company Location