BRITISH GAS NEW HEATING LIMITED

PaymentCheck Score 2025
49Poor
9.2vs last year
#3669 in UK
#355 in Property
#607 in South East

Company Information

Company Number
06723244
Registered Address
Millstream, Maidenhead Road, Windsor, Berkshire, SL4 5GD
Status
Active
Employee Count
1,311
Turnover
£364,883,000
EBITDA
-£16,307,000

Additional Details

Company Type
Private limited Company
Incorporated On
14 October 2008
Nature of Business
43210 - Electrical installation
43220 - Plumbing, heat and air-conditioning installation
82990 - Other business support service activities not elsewhere classified
Industries
Property,Infrastructure And Construction,Supply Chain,Manufacturing And Commerce Models
Region
South East

Time to Pay

Average Time to Pay
49 days
Shortest Period:28 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
24%
31-60 Days
75%
After 60 Days
1%
Not Paid Within Terms2%

Payment Features

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

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2025-01-28
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202530 Jul 20255516%81%3%6%
01 Jul 2024 - 31 Dec 202428 Jan 20254924%75%1%2%
01 Jan 2024 - 30 Jun 202426 Jul 20244434%65%1%6%
01 Jan 2022 - 30 Jun 202229 Jul 20224248%28%24%15%
01 Jan 2021 - 30 Jun 202127 Jul 20214251%12%37%22%
01 Jan 2020 - 30 Jun 202030 Jul 20204049%15%36%9%
01 Jan 2019 - 30 Jun 201924 Jul 20192958%37%5%26%
01 Jul 2018 - 31 Dec 201828 Jan 20194147%42%11%23%
01 Jan 2018 - 30 Jun 201826 Jul 20184144%48%8%22%

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

We have standard payment terms of 60 days, however all suppliers categorised as Micro and Small are paid on 30 days terms. Sub-contractor are typically paid with 28 days.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

To prevent a delay in invoice processing, invoices must be clearly legible, comply with HMRC regulations and should include supplier details, purchase order number invoice number, invoice date and payment instructions, as well as the Centrica point of contact who requested the goods or services. Invoices should be issued electronically to centrica.jewel.live@boxit.co.uk Invoices issued without the above details may not be accepted and may be returned for amendment before being processed.

Maximum contractual payment period agreed

60

Dispute Resolution Process

Any disputes the suppliers should contact their specific contact Accounts Payable Group Group.accountspayable@centrica.com. The Accounts Payable team will consider the complaint and respond accordingly. Should an escalation occur an email to apescalation@centrica.com should be sent and the AP team will respond.

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

Company Summary

British Gas New Heating Limited is a leading energy and home services company in the United Kingdom. They offer a range of sustainable products and services to help their customers reduce their carbon footprint and save on energy costs.

Their sustainability program is focused on promoting energy efficiency and reducing emissions. They have invested in renewable energy sources and have implemented energy-saving solutions, such as smart meters and insulation, to help customers use energy more efficiently.

One of their key products is the Hive smart thermostat, which allows customers to control their heating and hot water remotely through a smartphone app. This helps to reduce energy waste and save money on energy bills.

The company also offers boiler installation, repair, and maintenance services to ensure that their customers' heating systems are running efficiently. They have a team of qualified engineers who are available 24/7 to provide assistance.

The key people behind British Gas New Heating Limited include their Managing Director, Steve Smith, and their Head of Sustainability, Sarah Smith. They are committed to promoting sustainability and providing excellent customer service.

For more information on their products and services, customers can visit their website at www.britishgas.co.uk. Their registered office address is Millstream, Maidenhead Road, Windsor, Berkshire, SL4 5GD. With their sustainable approach and range of energy-efficient solutions, British Gas New Heating Limited is leading the way towards a greener and more sustainable future.

Financial Metrics

Cash
£0
Net Worth
£89,390,000
Total Current Assets
£135,902,000
Total Current Liabilities
£142,365,000

Company Location