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).
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.
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.
| 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% |
This information is as reported by the business, and responses are in their own words.
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 information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
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.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Horizon Nuclear Power Wylfa Limited is a private limited company incorporated in February 2009. It was first registered as Intercede 2313 Limited, then briefly as Bow Bidco Wylfa Limited, before adopting its current name in November 2009. Companies House records its business activities under the codes for production of electricity and construction of utility projects for electricity and telecommunications. The registered office is in Buckinghamshire. No further detail on trading operations, contracts or corporate group activity is available from the evidence supplied, so this summary is limited to the registered classification and history of the entity rather than any wider Horizon Nuclear Power group activity.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk