SHELL ENERGY RETAIL LIMITED
Company Information
- Company Number
- 05070887
- Registered Address
- Uk House 5th Floor, 164-182 Oxford Street, London, England, W1D 1NN
- Status
- Active
- Employee Count
- 0
- Turnover
- £2,815,766,000
- EBITDA
- -£323,076,000
Additional Details
- Website
- https://first-utility.com/
- Company Type
- Private limited Company
- Incorporated On
- 11 March 2004
- Nature of Business
- 35140 - Trade of electricity
- Industries
- Property,Infrastructure And Construction
- Region
- London
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 Jul 2022 - 31 Dec 2022 | 20 Jan 2023 | 30 | 79% | 13% | 7% | 25% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 29 | 81% | 14% | 5% | 26% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 21 | 88% | 8% | 4% | 16% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 19 | 91% | 7% | 2% | 30% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 22 | 86% | 11% | 3% | 37% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 23 | 79% | 18% | 3% | 55% |
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
Suppliers that fall within licenced conditions typically have invoice payment terms of 10-14 days. Most other suppliers have 30 days from receipt of a correctly presented invoice. Invoice receipt is defined as a complete, fiscally correct invoice delivered at the remittance address specified in the contract / agreement / purchase order. For electronic invoices, invoice receipt is when the invoice data is received within the Shell Energy Retail Ltd (SERL) system.
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
90
Dispute Resolution Process
SERL seeks to advise suppliers promptly of any disputes or reasons why an invoice will not be paid in accordance with the agreed terms. Invoices that are subject to dispute will not be paid until resolution of the dispute. Depending on the issue, Procurement or the Requistioner may be involved to resolve any disputes. Once resolved, payment will be made in accordance with the terms of the contract.
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.
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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.
❌
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
SHELL ENERGY RETAIL LIMITED is a British energy company that provides a range of services and products, with a focus on sustainability. They are a subsidiary of Royal Dutch Shell and are headquartered in London.
The company offers a variety of energy solutions, including electricity, gas, and renewable energy options, to both residential and commercial customers. They also offer smart home technology and energy management services to help customers reduce their energy consumption and save money.
SHELL ENERGY RETAIL LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental impact. This includes investing in renewable energy projects, offering carbon offset programs, and encouraging customers to switch to cleaner energy options.
The key people at SHELL ENERGY RETAIL LIMITED include Mark Gainsborough, Executive Vice President of New Energies, and Colin Crooks, Managing Director. They lead a team of experts in the energy industry who are dedicated to providing innovative and sustainable solutions to their customers.
To engage with their customers and provide support, the company has a website (www.shellenergy.co.uk) where customers can find information about their services and products, as well as helpful energy-saving tips. Their registered office address is Shell Centre, London SE1 7NA.
In summary, SHELL ENERGY RETAIL LIMITED is a leading energy company in the UK, offering a range of sustainable energy products and services. With a commitment to reducing their environmental impact, the company is dedicated to providing innovative solutions to their customers while promoting a greener future.
