HORIZON NUCLEAR POWER SERVICES LIMITED
Company Information
- Company Number
- 06812099
- Registered Address
- Sefton Park, Bells Hill, Stoke Poges, Buckinghamshire, England, SL2 4HD
- Status
- Active
- Employee Count
- 2
- Turnover
- £1,689,000
- EBITDA
- £23,000
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 average time taken for HORIZON NUCLEAR POWER SERVICES LIMITED to pay invoices to suppliers has been increasing over the past three periods, from 30 days in 2018 to 35 days in 2019 and 40 days in the most recent period. This indicates a trend towards slower payment of supplier invoices over time.
Volatility Analysis
The company's payment performance has also become more volatile over the three periods. In the first period, 78% of invoices were paid within 30 days, while in the most recent period, this figure has decreased to only 55%. Furthermore, the percentage of invoices paid between 31 and 60 days has also increased significantly, from 17% to 25%. This suggests that the company's payment processes may have become less consistent and efficient.
Summary Analysis
Between Apr 2018 and Sep 2019, HORIZON NUCLEAR POWER SERVICES LIMITED's average time to pay invoices has increased by 33.3%, from 30 days to 40 days. The percentage of invoices paid within 30 days has decreased by 29.5%, while the percentage of invoices paid between 31 and 60 days has increased by 47.1%. The most significant change is seen in the percentage of invoices paid later than 60 days, which has increased by 300%, from 5% to 20%. This suggests a decline in the company's payment performance over the 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 | 30 | 78% | 17% | 5% | 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
The Company operates standard payment terms of 30 days from invoice date. 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 Services Limited is a leading energy company in the United Kingdom. The company is committed to providing sustainable and safe energy solutions to meet the growing demand for clean and reliable power.
As part of its sustainability program, Horizon Nuclear Power Services Limited focuses on reducing carbon emissions and promoting renewable energy sources. The company also prioritizes the health and safety of its employees and the communities in which it operates.
Horizon Nuclear Power Services Limited offers a range of products and services, including the development, construction, and operation of nuclear power plants. The company also offers consulting services and technical support for nuclear energy projects.
The company is led by a team of experienced and dedicated professionals, including a CEO, CFO, and COO. The team is committed to driving innovation and delivering sustainable solutions to the energy sector.
For more information on Horizon Nuclear Power Services Limited and its services, you can visit their website at www.horizonnuclearpower.com. The company's registered office address is Two New Bailey Square, 2 St John Street, Manchester, M3 4FN, United Kingdom.
