ORSTED LONDON ARRAY II LIMITED
Company Information
- Company Number
- 06638251
- Registered Address
- 5th Floor 20 Fenchurch Street, London, England, EC3M 3BY
- Status
- Active
- Employee Count
- 0
- Turnover
- £118,285,000
- EBITDA
- £100,305,000
Additional Details
- Website
- https://orsted.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 4 July 2008
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Professional Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 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% |
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
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
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
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.
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.
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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
Company Summary
ORSTED LONDON ARRAY II LIMITED is a renewable energy company based in London, UK. The company focuses on developing, constructing, and operating offshore wind farms to provide clean and sustainable energy for the local community.
Their sustainability program is at the core of their operations, with a strong commitment to reducing carbon emissions and promoting sustainable practices. They have set ambitious targets to become carbon neutral by 2025 and have implemented various initiatives to achieve this, such as using renewable energy sources for their operations and investing in energy-efficient technologies.
The company's main product is renewable energy generated from their offshore wind farms. They currently have one operational wind farm, the London Array, which has a capacity of 630 megawatts and can power over half a million homes. They are also in the process of developing their second wind farm, London Array II, which is set to have a capacity of 487 megawatts.
The key people at ORSTED LONDON ARRAY II LIMITED include CEO Henrik Poulsen and Chairman Thomas Thune Andersen. They have a team of experienced professionals who are dedicated to driving the company's mission of providing sustainable energy.
For more information, interested individuals or organizations can visit their website at www.orsted.com or contact them at their registered office address: 5 Howick Place, London, SW1P 1WG, United Kingdom.
