OVO ENERGY LTD
Company Information
- Company Number
- 06890795
- Registered Address
- 1 Rivergate, Temple Quay, Bristol, BS1 6ED
- Status
- Active
- Employee Count
- 3,787
- Turnover
- £5,044,000,000
- EBITDA
- -£1,554,000,000
Additional Details
- Website
- https://boostpower.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 29 April 2009
- Nature of Business
- 47990 - Other retail sale not in stores, stalls or markets
- Industries
- Property,Infrastructure And Construction,Supply Chain,Manufacturing And Commerce Models
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 25 | 90% | 7% | 3% | 17% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 21 | 92% | 6% | 2% | 17% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 22 | 88% | 9% | 3% | 21% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 31 | 90% | 8% | 3% | 20% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 21 | 92% | 6% | 2% | 15% |
| 01 Jul 2022 - 31 Dec 2022 | 17 Jan 2023 | 23 | 91% | 6% | 3% | 15% |
| 01 Jul 2020 - 31 Dec 2020 | 13 Jul 2021 | 30 | 78% | 17% | 5% | 33% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 26 | 74% | 23% | 3% | 29% |
| 01 Jul 2019 - 31 Dec 2019 | 04 Feb 2020 | 33 | 69% | 23% | 8% | 39% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 22 | 89% | 9% | 3% | 10% |
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
Our minimum standard payment terms are 30 days after receipt of invoice. We hold individual agreements with some of our suppliers for differing terms ranging from immediate to the standard minimum 30 days, and also direct debit payments.
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
60
Dispute Resolution Process
The Company has a dedicated accounts payable team, which can be reached by email or phone. Suppliers with invoice queries need to contact this team in the first instance. Any unresolved issues are escalated to the OVO purchaser associated with the invoice. Disputes are handled by a combination of the accounts payable team and the relevant purchasing department. Senior management can be escalated to if issues are not satisfactorily resolved.
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
OVO Energy Ltd is a British energy company that was founded in 2009 with a focus on providing sustainable and affordable energy solutions. The company is headquartered in Bristol, England and has over 1,500 employees.
OVO Energy offers a variety of products and services including electricity and gas supply for both residential and business customers. They also provide renewable energy solutions such as solar panels and electric vehicle charging points.
The company has a strong commitment to sustainability and has implemented various initiatives to reduce their carbon footprint. This includes investing in renewable energy sources, promoting energy efficiency, and offering carbon offsetting options for their customers.
OVO Energy has been recognized for their sustainability efforts, receiving awards such as the Queen's Award for Enterprise in Sustainable Development and being named the UK's top energy supplier for customer satisfaction in 2019.
The key people at OVO Energy include founder and CEO, Stephen Fitzpatrick, and managing director, Chris Houghton.
Customers can contact OVO Energy through their website (www.ovoenergy.com) or by calling their customer service line. The company's registered office address is located at 1 Rivergate, Temple Quay, Bristol, BS1 6ED, United Kingdom.
In summary, OVO Energy Ltd is a leading energy company in the UK that prioritizes sustainability and offers a range of products and services to help customers reduce their carbon footprint. With a strong commitment to renewable energy and customer satisfaction, OVO Energy continues to be a top choice for consumers looking for eco-friendly energy solutions.
