RWE MARKINCH LIMITED
Company Information
- Company Number
- 06574689
- Registered Address
- Windmill Hill Business Park, Whitehill Way, Swindon, Wiltshire, England, SN5 6PB
- Status
- Active
- Employee Count
- 45.0
- Turnover
- 114224000.0
- EBITDA
- -12116000.0
Additional Details
- Website
- https://rwenpower.com
- Company Type
- Private limited Company
- Incorporated On
- 23 April 2008
- Nature of Business
- 35110 - Production of electricity
- Industries
- 0
- Region
- South West
Company Location
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 | 30 Jan 2024 | 40 | 51% | 42% | 7% | 16% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 37 | 52% | 47% | 1% | 9% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 40 | 44% | 51% | 5% | 19% |
| 01 Jan 2022 - 30 Jun 2022 | 21 Jul 2022 | 39 | 42% | 53% | 5% | 15% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 42 | 38% | 58% | 4% | 16% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 39 | 47% | 48% | 5% | 9% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 41 | 45% | 46% | 9% | 16% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 40 | 41% | 55% | 4% | 13% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 45 | 29% | 63% | 8% | 16% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 43 | 34% | 59% | 7% | 15% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 42 | 37% | 56% | 7% | 20% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 41 | 43% | 50% | 7% | 33% |
Company Summary
RWE MARKINCH LIMITED is a UK-based company that specializes in sustainable energy production
They are committed to producing renewable energy and reducing their carbon footprint
Their sustainability program includes investing in wind and solar energy projects, as well as promoting energy efficiency and waste reduction within their operations
They also strive to continuously improve their environmental performance through regular audits and monitoring
The company offers a range of products and services, including electricity and gas supply for both residential and commercial customers
They also provide energy management solutions, such as smart meters and renewable energy options
Key people within the company include the Managing Director, who oversees all operations, and the Head of Sustainability, who leads the company's sustainability efforts
For more information, RWE MARKINCH LIMITED can be contacted through their website at www.rwe.com
Their registered office address is located at 3rd Floor, 55 Vastern Road, Reading, Berkshire, RG1 8BU
Company Review
Trend Analysis
Overall, there has been a slight downward trend in the average time it takes for RWE MARKINCH LIMITED to pay invoices to suppliers. It started at 41 days in the first period and decreased to 37 days in the last period. However, there was a peak at 45 days in the fourth period before decreasing again.
Volatility Analysis
The average time to pay has fluctuated between 37 and 45 days, with the lowest volatility in the last three periods. However, there was a higher volatility in the fourth period, where the average time to pay increased by 4 days compared to the previous period.
Summary Analysis
Going back three periods, there has been a decrease in the average time it takes for RWE MARKINCH LIMITED to pay invoices to suppliers. In the first period, the average time to pay was 41 days, which decreased to 40 days in the third period. However, there was a slight increase to 42 days in the last period.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
RWE Markinch Limited shall pay the charges (excluding any disputed amounts) for trade suppliers within 60 days of receipt of an accurate and valid VAT invoice, unless otherwise agreed with a trade supplier. An accurate and valid invoice is one that has been approved for payment and entered into the payment system.
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
Invoices that cannot be validated are queried out to the business. Vendors should contact the Shared Service Centre help desk in the first instance with any queries. A ticketing solution is used to monitor queries where the answer is not provided instantly.
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.
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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.
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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