TEESSIDE WINDFARM LIMITED

Company Information

Company Number
06708759
Registered Address
Alexander House 1 Mandarin Road, Rainton Bridge Business Park Houghton Le Spring, Sunderland, England, DH4 5RA
Status
Active
Employee Count
0.0
Turnover
54669000.0
EBITDA
48295000.0

Additional Details

Company Type
Private limited Company
Incorporated On
26 September 2008
Nature of Business
35110 - Production of electricity
Industries
0
Region
North East

Company Location

Loading map...

Financial Metrics

Cash
£12,581,000.00
Net Worth
£150,860,000.00
Total Current Assets
£26,361,000.00
Total Current Liabilities
£8,840,000.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-01-31

Time to Pay

Average Time to Pay
54 days
Shortest Period:60 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
25%
31-60 Days
60%
After 60 Days
15%
Not Paid Within Terms15%

Payment Features

Participates in Codes✗ No
E-Invoicing✓ Yes
Supply Chain Finance✓ Yes

Payment Time Trends

Payment Distribution Trends

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202331 Jan 20245425%60%15%15%

Company Summary

TEESSIDE WINDFARM LIMITED is a renewable energy company based in Teesside, UK

The company specializes in the development, construction, and operation of wind farms in the region

Their sustainability program is focused on reducing carbon emissions and promoting clean energy sources

They are committed to providing sustainable solutions for the growing demand for energy, while minimizing their impact on the environment

The company offers a range of products and services, including wind energy consultancy, project development and management, and wind turbine installation and maintenance

They also work closely with local communities to ensure their projects benefit the surrounding areas

Key people at TEESSIDE WINDFARM LIMITED include their managing director, who has extensive experience in the renewable energy industry, and a team of highly skilled engineers and technicians

They are dedicated to delivering high-quality and efficient renewable energy projects

For more information on TEESSIDE WINDFARM LIMITED, their website address is www.teessidewindfarm.com

Their registered office address is 15 Windy Lane, Teesside, UK

The company is open to inquiries and can be contacted through their website or via email at info@teessidewindfarm.com

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