DRAX ENERGY SOLUTIONS LIMITED
Company Information
- Company Number
- 05893966
- Registered Address
- Drax Power Station, Drax, Selby, North Yorkshire, YO8 8PH
- Status
- Active
- Employee Count
- 397
- Turnover
- £3,296,238,000
- EBITDA
- -£4,436,000
Additional Details
- Website
- https://energy.drax.com/
- Company Type
- Private limited Company
- Incorporated On
- 2 August 2006
- Nature of Business
- 35140 - Trade of electricity
- Industries
- Property,Infrastructure And Construction
- Region
- Yorkshire and The Humber
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 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 15 | 98% | 1% | 1% | 1% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 15 | 98% | 1% | 1% | 1% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 14 | 97% | 2% | 1% | 2% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 11 | 99% | 1% | 0% | 1% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 11 | 99% | 1% | 0% | 1% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 14 | 98% | 1% | 1% | 4% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 13 | 98% | 1% | 1% | 2% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 14 | 98% | 1% | 1% | 5% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 13 | 99% | 1% | 0% | 1% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 11 | 99% | 1% | 0% | 1% |
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
Payment terms are agreed with suppliers as part of contract negotiations. The most common payment terms by supplier in the period was 30 days. A small number of suppliers have payment terms of 14 days or less and as they contributed the majority of the processed invoices in the period, there is a significant impact on average time taken to pay invoices, leading to an average of 14 days.
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
30
Dispute Resolution Process
Disputes should be sent to the following email address; purchase.ledger@drax.com This email is monitored daily by Accounts Payable. On receipt of any invoice queries, Accounts Payable check whether: - •The invoice is for Drax Energy Solutions Ltd •We have authorised supplier details and bank account for payment •If applicable, a Purchase Order (PO) number is quoted and matches an approved order number •If applicable, the invoice details match the approved PO for quantity, price, and description of supply •If applicable, the PO has been receipted •The invoice has not already been paid •We have received a copy of the invoice Once the above has been checked a number of courses of action can be taken. If invoices are likely to be overdue, due to authorisation processing, they are normally picked up on the next scheduled BACS run. In exceptional circumstance a CHAPS payment for emergency payments can be made.
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
DRAX ENERGY SOLUTIONS LIMITED is a British energy company that specializes in sustainable and renewable energy solutions. Founded in 2015, the company is headquartered in Selby, North Yorkshire, and has a registered office address at Drax Power Station in Selby.
The company's main focus is on providing sustainable energy solutions to its customers, with a particular emphasis on reducing carbon emissions and promoting environmental sustainability. DRAX ENERGY SOLUTIONS LIMITED offers a variety of products and services, including renewable energy generation, energy efficiency solutions, and energy storage solutions.
One of the key people at DRAX ENERGY SOLUTIONS LIMITED is the CEO, Will Gardiner, who has been with the company since 2015. Under his leadership, the company has made significant strides in promoting sustainability and renewable energy.
In terms of its sustainability program, DRAX ENERGY SOLUTIONS LIMITED has set ambitious targets to become carbon negative by 2030 and to reach net-zero emissions by 2050. The company is also committed to reducing its use of fossil fuels and increasing its use of sustainable biomass and other renewable energy sources.
To further promote sustainability, the company has also invested in research and development to improve the efficiency of its operations and reduce its environmental impact.
Customers can contact DRAX ENERGY SOLUTIONS LIMITED through their website, which provides information on the company's products and services, as well as their sustainability initiatives. The company's registered office address is also listed on their website for any correspondence.
In summary, DRAX ENERGY SOLUTIONS LIMITED is a leading British energy company that is committed to providing sustainable and renewable energy solutions. With a strong focus on reducing carbon emissions and promoting environmental sustainability, the company is paving the way for a greener and more sustainable future.
