| 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 2020 - 31 Dec 2020 | 22 Jul 2021 | 484 | 20% | 0% | 80% | 73% |
| 01 Jan 2020 - 30 Jun 2020 | 22 Jul 2021 | 274 | 16% | 9% | 74% | 81% |
| 01 Jul 2019 - 31 Dec 2019 | 22 Jul 2021 | 19 | 100% | 0% | 0% | 17% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 41 | 30% | 36% | 33% | 70% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 38 | 39% | 22% | 39% | 78% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 33 | 59% | 26% | 15% | 48% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard contractual length of time for payment of invoices are 30 days from invoice received date. The maximum contractual payment period is 60 days from invoice day.
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
The Parties will attempt to settle any dispute between them by entering into good-faith negotiations through the appropriate management level of governance in a timely manner. The Parties must as a minimum attend the first good-faith negotiations. If a dispute is not resolved by prior negotiation, any dispute arising out of or in connection with the Agreement, including any disputes regarding the existence, validity or termination thereof, shall be settled by arbitration in accordance with the provisions of the Rules of the London Court of International Arbitration provided that: a) one (1) arbitrator will be appointed; b) the arbitrator applies the laws of England; c) the arbitration shall be conducted in the English language; and d) be held in London, England. Any arbitration proceedings and decisions under the Agreement are confidential.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Orsted London Array II Limited is a UK-registered private company incorporated in 2008 and part of the Orsted group, an energy business known for offshore wind development, including the London Array project referenced in its name. Companies House records list its registered activity as other business support service activities not elsewhere classified, indicating the entity's role is likely an intra-group holding or administrative vehicle rather than a direct operating business. It reports no employees. Financial filings show substantial turnover and EBITDA figures alongside notable current liabilities, consistent with a project or financing entity within a larger energy group rather than a standalone trading company.
Generated from the company's website and Companies House records. Sources: paymentcheck.co.uk