| 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 | 54 | 26% | 65% | 9% | 11% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 54 | 29% | 60% | 11% | 10% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 58 | 22% | 64% | 14% | 20% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 59 | 18% | 64% | 18% | 18% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 62 | 10% | 69% | 21% | 34% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 64 | 10% | 61% | 30% | 30% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 64 | 12% | 52% | 36% | 29% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 64 | 18% | 53% | 29% | 30% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Drax River Hydro 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 River Hydro 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 ai, 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.
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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 RIVER HYDRO LIMITED is a UK-based company that specializes in the development and operation of hydroelectric power plants. The company's main focus is on sustainable energy production, and they are committed to reducing their carbon footprint and promoting renewable energy sources.
The company operates several hydroelectric power plants across the UK, with a total installed capacity of over 100 MW. These plants harness the power of water to generate clean and renewable electricity, helping to reduce the country's reliance on fossil fuels.
DRAX RIVER HYDRO LIMITED has a strong sustainability program in place, which includes measures such as carbon offsetting and responsible waste management. The company also works closely with local communities to ensure minimal environmental impact and support the development of sustainable practices.
The company's key people include its CEO, who oversees the overall operations and strategic direction of the company, and the head of sustainability, who leads the company's sustainability efforts. They are supported by a team of experienced engineers, project managers, and other professionals.
For more information about DRAX RIVER HYDRO LIMITED and its products and services, you can visit their website at www.draxriverhydro.com. The company's registered office address is at 1 London Bridge Street, London, SE1 9GF.
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