SSE UTILITY SOLUTIONS LIMITED
Company Information
- Company Number
- 06894120
- Registered Address
- No.1 Forbury Place, 43 Forbury Road, Reading, United Kingdom, RG1 3JH
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 1 May 2009
- Nature of Business
- 35130 - Distribution of electricity35220 - Distribution of gaseous fuels through mains61900 - Other telecommunications activities
- Industries
- Coming Soon
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
SSE UTILITY SOLUTIONS LIMITED exhibits a strong positive trend in payment speed, with an average payment time of 26 days. A significant 95% of invoices are consistently paid within 30 days, indicating a reliable and prompt payment pattern for the vast majority of transactions. This trajectory suggests a high likelihood of timely payments for suppliers.
Volatility Analysis
While most payments are prompt, 23% are technically late, with 3% falling into the 31-60 day range and 2% exceeding 60 days. This introduces a low but present degree of unpredictability for a small portion of invoices, indicating a minor risk of extended payment delays. Suppliers should be aware that a small percentage of payments may not adhere to the typical prompt schedule.
Summary Analysis
Overall, SSE UTILITY SOLUTIONS LIMITED presents as a generally low-risk payment partner, primarily due to its high rate of prompt payments within 30 days. Suppliers can largely expect timely payments, but should factor in the small potential for late payments, as evidenced by the 23% late rate and the infrequent instances exceeding 60 days. It is advisable to maintain clear payment terms and monitor outstanding invoices proactively to mitigate the minor risk associated with these infrequent delays.
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 Oct 2024 - 31 Mar 2025 | 21 Apr 2025 | 26 | 95% | 3% | 2% | 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
SSE's standard payment terms are Nett 30 days but buyers are authorised to negotiate alternative terms with individual suppliers where appropriate.
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
Dispute Resolution Process
The Dispute Resolution Process is detailed within the Accounts Payable section at http://sse.com/potential-suppliers/. Alternatively suppliers can also contact the "orderer" directly using the details provided on the Purchase Order
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
SSE UTILITY SOLUTIONS LIMITED is an active private limited company that provides solutions within the utility sector.
The company was incorporated on 1 May 2009 and holds company number 06894120. Its registered office is located in the South East of England, at No.1 Forbury Place, 43 Forbury Road, Reading, United Kingdom, RG1 3JH.
In the UK market, organisations operating in the utility solutions sector typically specialise in the development, maintenance, and management of infrastructure for essential services. This often involves providing expertise in network design, installation, and optimisation, alongside offering technical support and consultancy for utility operations.
