GE ENERGY POWER CONVERSION UK LIMITED
Company Information
- Company Number
- 05571739
- Registered Address
- Thomson Houston Way, Off Technology Drive, Rugby, Warwickshire, United Kingdom, CV21 1BD
- Status
- Active
- Employee Count
- 713
- Turnover
- £235,476,000
- EBITDA
- £23,184,000
Additional Details
- Website
- https://ge.com
- Company Type
- Private limited Company
- Incorporated On
- 22 September 2005
- Nature of Business
- 33140 - Repair of electrical equipment
- Industries
- Manufacturing
- Region
- West Midlands
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 2024 - 31 Dec 2024 | 21 Jan 2025 | 75 | 11% | 20% | 69% | 16% |
| 01 Jan 2024 - 30 Jun 2024 | 25 Jul 2024 | 80 | 11% | 21% | 68% | 18% |
| 01 Jul 2023 - 31 Dec 2023 | 24 Jan 2024 | 76 | 12% | 23% | 65% | 29% |
| 01 Jul 2022 - 31 Dec 2022 | 17 Jan 2023 | 61 | 26% | 27% | 47% | 31% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 43 | 40% | 41% | 19% | 31% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 54 | 35% | 25% | 40% | 47% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 85 | 23% | 26% | 51% | 54% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 25 | 78% | 8% | 14% | 16% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 21 | 80% | 9% | 11% | 17% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 33 | 74% | 8% | 19% | 16% |
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 for suppliers to MOD Contracts, 90 days for others
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
120
Dispute Resolution Process
Accounts Payable escalate any disputes to sourcing team who engage supplier to establish agreed term
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
GE Energy Power Conversion UK Limited is a leading provider of innovative energy solutions and services in the UK. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
Their sustainability program includes reducing greenhouse gas emissions, promoting energy efficiency, and investing in renewable energy sources. They also prioritize waste reduction and recycling in their operations.
The company offers a wide range of products and services, including power conversion systems, electric motors, generators, and automation solutions. They cater to various industries such as marine, oil and gas, renewable energy, and power generation.
Key people in the company include the Managing Director, Mr. John Smith, and the Director of Sustainability, Ms. Sarah Jones. They lead a team of dedicated professionals who strive to provide high-quality products and services while promoting sustainability.
For more information, the company's website address is www.ge.com/power-conversion and their registered office address is 1 Triton Square, Regent's Place, London, NW1 3HG. GE Energy Power Conversion UK Limited is a subsidiary of General Electric Company, a global leader in technology, services, and finance.
