HORIZON NUCLEAR POWER WYLFA LIMITED
Company Information
- Company Number
- 06811987
- Registered Address
- Sefton Park, Bells Hill, Stoke Poges, Buckinghamshire, England, SL2 4HD
- Status
- Active
- Employee Count
- 0
- Turnover
- Coming Soon
- EBITDA
- -£276,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 6 February 2009
- Nature of Business
- 35110 - Production of electricity42220 - Construction of utility projects for electricity and telecommunications
- Industries
- Property,Infrastructure And Construction
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The trend for HORIZON NUCLEAR POWER WYLFA LIMITED's average time to pay invoices has been increasing over the past three periods. In the first period (Apr 2018 - Sep 2018), the average time to pay was 28 days, which increased to 30 days in the second period (Oct 2018 - Mar 2019), and further increased to 32 days in the third period (Apr 2019 - Sep 2019).
Volatility Analysis
The volatility in HORIZON NUCLEAR POWER WYLFA LIMITED's payment patterns can be seen in the percentage of invoices paid within 30 days. In the first period, 77% of invoices were paid within 30 days, but this decreased to 70% in the third period. However, there was a slight improvement in the second period, with 75% of invoices paid within 30 days.
Summary Analysis
Over the past three periods, HORIZON NUCLEAR POWER WYLFA LIMITED has been taking longer to pay invoices, with the average time to pay increasing from 28 days to 32 days. This is reflected in the percentage of invoices paid within 30 days, which has decreased from 77% to 70%. The company has also seen an increase in the percentage of invoices paid later than 60 days, with a high of 12% in the third period. The shortest (or only) standard payment period remains at 30 days for all three periods.
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 Apr 2018 - 30 Sept 2018 | 29 Oct 2018 | 28 | 77% | 17% | 6% | 23% |
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
The Company operates standard payment terms of 30 days from date of invoice. Variations to these terms do exist based on agreements with certain suppliers. The Company operates a process of paying twice per month.
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
30
Dispute Resolution Process
Suppliers are asked to contact the person who placed the order in the first instance. If the matter cannot be resolved it should then be referred to Accounts Payable via email where the team will respond to the query. Should the matter not be satisfactorily resolved, it will be escalated to the Financial Accounting and Reporting Manager and then the Head of Finance.
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.
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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?
❌
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
HORIZON NUCLEAR POWER WYLFA LIMITED is a company dedicated to providing sustainable and efficient nuclear power solutions. Their main focus is on building and operating a new nuclear power plant in Wylfa, Wales.
The company is committed to promoting sustainability and reducing carbon emissions by providing clean and reliable energy. They have implemented a comprehensive sustainability program that includes initiatives such as reducing waste, promoting renewable energy, and supporting local communities.
Their main product is the Wylfa Newydd nuclear power plant, which is expected to provide low-carbon electricity to over five million homes in the UK. The plant will use advanced nuclear technology to ensure maximum efficiency and safety.
The key people at HORIZON NUCLEAR POWER WYLFA LIMITED include Duncan Hawthorne, the CEO, and Alan Raymant, the COO. They both have extensive experience in the energy sector and are committed to delivering the company's vision of sustainable nuclear power.
Contact information for HORIZON NUCLEAR POWER WYLFA LIMITED can be found on their website, www.horizonnuclearpower.com. Their registered office address is located at Anglesey Energy Island, Penrhos Works, Holyhead, Anglesey, LL65 2BL.
In conclusion, HORIZON NUCLEAR POWER WYLFA LIMITED is a leading company in the UK's nuclear power industry with a strong focus on sustainability. With their innovative products and experienced team, they are working towards providing clean, reliable, and efficient energy for a better future.
