EDF ENERGY RENEWABLES LIMITED
Company Information
- Company Number
- 06456689
- Registered Address
- Alexander House 1 Mandarin Road, Rainton Bridge Business Park, Houghton Le Spring, Sunderland, England, England, DH4 5RA
- Status
- Active
- Employee Count
- 306.0
- Turnover
- 31764000.0
- EBITDA
- -78512000.0
Additional Details
- Website
- https://www.edf-re.uk/
- Company Type
- Private limited Company
- Incorporated On
- 18 December 2007
- Nature of Business
- 35110 - Production of electricity
- Industries
- Property,Infrastructure And Construction
- Region
- North East
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 31 Dec 2023 | 31 Jan 2024 | 61 | 18% | 64% | 18% | 18% |
| 01 Jan 2023 - 30 Jun 2023 | 13 Oct 2023 | 72 | 10% | 62% | 28% | 28% |
| 01 Jul 2022 - 31 Dec 2022 | 13 Oct 2023 | 74 | 11% | 50% | 39% | 39% |
| 01 Jan 2022 - 30 Jun 2022 | 13 Oct 2023 | 66 | 14% | 58% | 28% | 28% |
Company Summary
EDF ENERGY RENEWABLES LIMITED is a leading renewable energy company in the UK, committed to promoting sustainable development and reducing carbon emissions
The company is a subsidiary of EDF, one of the largest energy companies in Europe
The company's sustainability program focuses on three core areas: reducing carbon footprint, promoting biodiversity, and supporting local communities
EDF ENERGY RENEWABLES LIMITED implements various initiatives to achieve these goals, such as investing in low-carbon energy sources, implementing environmental management systems, and partnering with local organizations for conservation projects
The company offers a wide range of renewable energy products and services, including wind power, solar power, and energy storage solutions
Their portfolio includes both onshore and offshore wind farms, with a total installed capacity of over 1GW
They also provide green energy solutions for businesses and households, helping customers reduce their carbon footprint
Key people at EDF ENERGY RENEWABLES LIMITED include Matthieu Hue, the CEO, and Mark Vyvyan-Robinson, the Director of Development
The company has a team of experienced professionals dedicated to driving the growth of renewable energy in the UK
For more information, customers can visit the company's website at https://www.edfenergy.com/renewables or contact them at their registered office address: EDF ENERGY RENEWABLES LIMITED, 40 Grosvenor Place, London, SW1X 7EN, UK
Company Review
Trend Analysis
The average time taken for EDF ENERGY RENEWABLES LIMITED to pay invoices has decreased from 66 days in Jan 2022 to 61 days in Dec 2023. This indicates an improvement in their payment process.
Volatility Analysis
The percentage of invoices paid within 30 days has fluctuated between 10-18% over the three periods, with the highest being in the last period (2023-07-01 to 2023-12-31). The percentage of invoices paid between 31-60 days has decreased from 62% to 50%, indicating a trend towards earlier payments. The percentage of invoices paid later than 60 days has also decreased from 28% to 18%, indicating a significant improvement in timely payments.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
By negotiation or other exception some suppliers are paid on terms less than 60 days. The Company operates a process of paying once or twice each week. This is balanced by paying early for some invoices and later for others. Over the supplier base and over time this averages out to zero days late, but does impact our late payment figures without early payments being reflected.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
Suppliers must contact the individual named on the purchase order. After that a resolution is achieved based on the relevant provisions set out in the contract.
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