DRAX PUMPED STORAGE LIMITED
Company Information
- Company Number
- 06657336
- Registered Address
- Drax Power Station, Drax, Selby, North Yorkshire, YO8 8PH
- Status
- Active
- Employee Count
- 38
- Turnover
- £132,100,000
- EBITDA
- £83,000,000
Additional Details
- Website
- https://drawsign.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 28 July 2008
- Nature of Business
- 35110 - Production of electricity
- Industries
- Energy
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2025 - 30 Jun 2025 | 30 Jul 2025 | 57 | 27% | 64% | 9% | 15% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 55 | 30% | 59% | 11% | 18% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 109 | 27% | 52% | 21% | 31% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 71 | 21% | 61% | 18% | 28% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 77 | 16% | 51% | 33% | 47% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 63 | 23% | 50% | 27% | 41% |
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
Drax Pumped Storage standard contract payment terms are 60 days; however, terms are agreed with suppliers as part of contract negotiations. Payment runs are completed on a weekly basis whereby invoices falling into this category are picked up on the next BACS following due date.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Drax Pumped Storage offers reduced payment terms by credit card where accepted. Payment terms are agreed during contract negotiations.
Maximum contractual payment period agreed
60
Dispute Resolution Process
On receipt of an invoice, Accounts Payable perform standard checks to confirm: - •The invoice is for Drax Pumped Storage •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 have received a copy of the invoice We target 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 schedule by BACS in accordance with terms. Where queries arise, payment will be made by BACS once these queries are resolved. We target 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.
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.
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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
DRAX PUMPED STORAGE LIMITED is a company that provides sustainable energy solutions through its pumped storage hydroelectric power plants. The company's main focus is on providing clean and renewable energy to meet the growing demand for electricity.
The company's sustainability program includes initiatives to reduce carbon emissions and promote energy efficiency. They have also implemented measures to reduce water consumption and waste generation. DRAX PUMPED STORAGE LIMITED is committed to protecting the environment and is actively involved in various conservation projects.
The company's main product is electricity generated from its hydroelectric power plants. They also offer energy storage solutions, allowing them to balance the supply and demand of electricity in the grid. This helps to reduce the reliance on fossil fuels and promote a more sustainable energy mix.
The key people at DRAX PUMPED STORAGE LIMITED include the managing director, who oversees the overall operations of the company, and the technical director, who is responsible for the design and maintenance of the power plants. The company also has a team of experienced engineers and technicians who ensure the smooth running of the power plants.
For more information on DRAX PUMPED STORAGE LIMITED and its services, customers can visit their website at www.draxpumpedstorage.com. The company's registered office address is at Drax Power Station, Selby, North Yorkshire, YO8 8PH, United Kingdom. With its commitment to sustainability and providing clean energy solutions, DRAX PUMPED STORAGE LIMITED is a leading player in the energy industry in the UK.
