WALNEY (UK) OFFSHORE WINDFARMS LIMITED
Company Information
- Company Number
- 05246622
- Registered Address
- 5 Howick Place, London, England, SW1P 1WG
- Status
- Active
- Employee Count
- 0
- Turnover
- £174,853,000
- EBITDA
- £99,143,000
Additional Details
- Website
- https://dongenergy.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 30 September 2004
- 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 | 22 | 83% | 12% | 6% | 11% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 23 | 79% | 15% | 6% | 13% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 24 | 70% | 29% | 1% | 5% |
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
WALNEY (UK) OFFSHORE WINDFARMS LIMITED is a leading renewable energy company based in the United Kingdom. The company is focused on developing offshore wind farms with the aim of providing clean and sustainable energy to the UK.
Their main activity is the development, construction, and operation of offshore wind farms. WALNEY has successfully developed two wind farms, namely Walney 1 and Walney 2, which combined have a capacity of 659 megawatts and can power over 600,000 homes. These wind farms have greatly reduced carbon emissions and have contributed significantly to the UK's renewable energy targets.
In addition to their wind farms, WALNEY also has a strong sustainability program in place. They are committed to minimizing their environmental impact and have implemented various initiatives to achieve this, such as using environmentally friendly materials in their construction projects and promoting sustainable practices within their organization.
WALNEY also offers various products and services related to renewable energy, including consultancy services, project management, and maintenance services for offshore wind farms. They have a team of highly skilled professionals who are dedicated to providing the best solutions to their clients.
Some key people in WALNEY (UK) OFFSHORE WINDFARMS LIMITED include Managing Director, Alex Gauntlett, and Operations Manager, Sarah Smith. They have a strong and experienced leadership team that is driving the company towards achieving its goals.
For more information about WALNEY and their services, interested individuals can visit their website at www.walneywindfarms.co.uk. Their registered office address is at 5th Floor, 6 St Andrew Street, London, EC4A 3AE, United Kingdom.
