SHELL ENERGY UK LIMITED

PaymentCheck Score 2024
91Excellent
1.4vs last year
#997 in UK
#80 in Property
#472 in London

Company Information

Company Number
07489042
Registered Address
Shell Centre, York Road, London, United Kingdom, SE1 7NA
Status
Active
Employee Count
130
Turnover
£549,103,000
EBITDA
-£167,323,000

Additional Details

Company Type
Private limited Company
Incorporated On
11 January 2011
Nature of Business
35140 - Trade of electricity
Industries
Property,Infrastructure And Construction
Region
London

Time to Pay

Average Time to Pay
20 days
Shortest Period:4 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
88%
31-60 Days
7%
After 60 Days
5%
Not Paid Within Terms16%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2025-01-28
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202428 Jan 20252088%7%5%16%
01 Jan 2024 - 30 Jun 202426 Jul 20242090%6%4%13%
01 Jul 2023 - 31 Dec 202330 Jan 20242088%7%5%18%
01 Jul 2022 - 31 Dec 202220 Jan 20232984%10%6%25%
01 Jan 2022 - 30 Jun 202228 Jul 20222284%10%6%27%
01 Jan 2021 - 30 Jun 202127 Jul 20212083%13%4%25%

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

Suppliers that fall within licenced conditions typically have invoice payment terms of 10-14 days. Most other suppliers have 30 days from receipt of a correctly presented invoice. Invoice receipt is defined as a complete, fiscally correct invoice delivered at the remittance address specified in the contract / agreement / purchase order. For electronic invoices, invoice receipt is when the invoice data is received within the Shell energy UK system.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

N/A

Maximum contractual payment period agreed

60

Dispute Resolution Process

Shell energy UK seeks to advise suppliers promptly of any disputes or reasons why an invoice will not be paid in accordance with the agreed terms. Invoices that are subject to dispute will not be paid until resolution of the dispute. Depending on the issue, Procurement or the Requistioner may be involved to resolve any disputes. Once resolved, payment will be made in accordance with the terms of the contract.

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

SHELL ENERGY UK LIMITED is a British energy company that provides sustainable energy solutions to its customers. The company is committed to reducing its carbon footprint and promoting sustainability in all its operations.

The company offers a range of products and services including gas and electricity supply, renewable energy options, and energy efficiency solutions. They also offer smart home technology to help customers monitor and manage their energy usage.

SHELL ENERGY UK LIMITED has a strong focus on sustainability and has a number of initiatives in place to achieve this. They have set targets to reduce their carbon emissions and have invested in renewable energy sources such as wind and solar power. The company also supports local communities through various projects, including providing grants to improve energy efficiency in homes.

The key people at SHELL ENERGY UK LIMITED include Colin Crooks, the Managing Director, and Mark Gainsborough, the Executive Vice President of New Energies. They are supported by a team of experienced professionals who are dedicated to providing sustainable energy solutions.

For customers who wish to contact the company, they can do so through their website at www.shellenergy.co.uk or by calling their customer service line at 0330 094 5800. The registered office address for SHELL ENERGY UK LIMITED is Shell Centre, London, SE1 7NA.

In conclusion, SHELL ENERGY UK LIMITED is a leading energy company in the UK that is committed to sustainability. Through their range of products and services, strong focus on reducing carbon emissions, and support for local communities, the company is working towards a greener and more sustainable future.

Financial Metrics

Cash
£28,086,000
Net Worth
-£87,421,000
Total Current Assets
£258,328,000
Total Current Liabilities
£384,279,000

Company Location