| 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 2025 - 31 Dec 2025 | 29 Jan 2026 | 58 | 29% | 52% | 19% | 27% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 63 | 28% | 51% | 21% | 29% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 73 | 20% | 51% | 29% | 35% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 65 | 26% | 49% | 25% | 29% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 11 | 88% | 7% | 5% | 10% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 15 | 83% | 10% | 7% | 19% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 15 | 83% | 10% | 7% | 8% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 19 | 76% | 15% | 9% | 10% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 42 | 49% | 32% | 19% | 24% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 39 | 49% | 36% | 15% | 26% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 14 | 82% | 11% | 7% | 10% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 8 | 91% | 5% | 4% | 7% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 6 | 94% | 4% | 2% | 5% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 40 | 46% | 39% | 15% | 36% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 39 | 38% | 52% | 9% | 49% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Drax Corporate Limited standard contract payment terms are 60 days; however, different terms may be agreed with suppliers as part of contract negotiations. Payment runs are completed on a weekly basis with approved invoices falling due for payment in the preceding week included in the payment run.
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
On receipt of an invoice, Accounts Payable perform standard checks to confirm: - •The invoice is for Drax Corporate Limited •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 aim 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 scheduled by BACS in accordance with terms. Where queries arise, payment will be made by BACS once these queries are resolved. We aim 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.
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
DRAX CORPORATE LIMITED is a UK-based company that specializes in sustainable energy production and supply. They are committed to reducing carbon emissions and promoting responsible resource management.
One of their main activities is the operation of the Drax Power Station, which is the largest power station in the UK and one of the largest renewable energy producers in Europe. The station uses a combination of biomass, gas, and coal to generate electricity, with a focus on increasing the use of sustainable biomass.
In addition to their energy production, DRAX CORPORATE LIMITED also offers energy supply services to businesses and households. They have a range of renewable energy options, including wind, hydro, and solar, to help customers reduce their carbon footprint.
The company has a strong sustainability program, which includes initiatives to reduce their own carbon footprint and promote sustainable practices among their suppliers and partners. They also have a community engagement program that supports local projects and initiatives in the areas where they operate.
The key people at DRAX CORPORATE LIMITED include their CEO, Will Gardiner, and their Chairman, Philip Cox. They also have a team of highly qualified and experienced professionals in various departments, including energy production, sustainability, and operations.
For more information on their products and services, as well as their sustainability efforts, you can visit their website at www.drax.com. Their registered office address is The Power Station, New Road, Selby, North Yorkshire, YO8 6ET, United Kingdom.
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