ORSTED POWER (UK) LIMITED
Company Information
- Company Number
- 04984787
- Registered Address
- 5 Howick Place, London, England, SW1P 1WG
- Status
- Active
- Employee Count
- 1,136
- Turnover
- £399,568,000
- EBITDA
- £1,244,381,000
Additional Details
- Website
- https://dongenergy.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 4 December 2003
- Nature of Business
- 35110 - Production of electricity
- Industries
- Energy
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 2019 - 30 Jun 2019 | 30 Jul 2019 | 57 | 25% | 57% | 17% | 41% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 67 | 26% | 58% | 16% | 34% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 55 | 26% | 58% | 17% | 36% |
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
Standard contractual length of time for payment of invoices are 30 days from invoice received date. The maximum contractual payment period is 60 days from invoice day.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
The Parties will attempt to settle any dispute between them by entering into good-faith negotiations through the appropriate management level of governance in a timely manner. The Parties must as a minimum attend the first good-faith negotiations. If a dispute is not resolved by prior negotiation, any dispute arising out of or in connection with the Agreement, including any disputes regarding the existence, validity or termination thereof, shall be settled by arbitration in accordance with the provisions of the Rules of the London Court of International Arbitration provided that: a) one (1) arbitrator will be appointed; b) the arbitrator applies the laws of England; c) the arbitration shall be conducted in the English language; and d) be held in London, England. Any arbitration proceedings and decisions under the Agreement are confidential.
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
ORSTED POWER (UK) LIMITED is a leading energy company based in the United Kingdom. They specialize in renewable energy sources and are committed to promoting sustainability and reducing carbon emissions.
The company was founded in 2006 and has since become a major player in the UK energy market. They offer a range of energy products and services, including wind power, solar power, and bioenergy. Their goal is to provide clean and affordable energy to their customers while minimizing their impact on the environment.
One of the key people behind the success of ORSTED POWER (UK) LIMITED is their CEO, Matthew Wright. He has been with the company since its inception and has played a crucial role in its growth and development. Under his leadership, the company has become a leader in the renewable energy sector and has received several awards for its sustainability efforts.
ORSTED POWER (UK) LIMITED is committed to operating sustainably and has implemented various initiatives to reduce their carbon footprint. They have invested heavily in renewable energy sources and have significantly reduced their reliance on fossil fuels. They also have a comprehensive sustainability program in place to ensure that their operations are environmentally friendly.
The company's registered office address is at 5 Howick Place, London, SW1P 1WG, United Kingdom. They can be contacted via their website, www.orsted.co.uk, or by phone at +44 20 7811 5200.
In summary, ORSTED POWER (UK) LIMITED is a leading energy company in the UK with a strong focus on sustainability. They offer a range of renewable energy products and services and have a commitment to reducing their carbon emissions. With their dedicated team and innovative approach, they are paving the way for a cleaner and greener future.
