Score of 94.05/100 qualifies for PaymentCheck Certification
HORNSEA 1 LIMITED demonstrates exceptionally fast payment performance, with an average payment time of just 6 days, well ahead of standard 30-day terms. All payments are settled within 30 days, indicating a consistent and disciplined payment cycle with no evidence of extended delays or deteriorating payment behaviour over time. The absence of any 31-60 day or over-60-day payments confirms a stable and positive payment trajectory.
Despite the strong overall speed, a 15% late payment rate introduces a moderate reliability concern, suggesting that a meaningful minority of invoices are not being settled in accordance with agreed terms. This discrepancy between fast average payment times and the late payment rate may indicate occasional administrative or approval process inconsistencies rather than systemic financial difficulties, given that all payments ultimately clear within 30 days. Suppliers should be aware that while delays are short in duration, they are not infrequent, which could affect cash flow planning.
Overall, HORNSEA 1 LIMITED presents a low-risk payment profile for suppliers, with rapid settlement times and a perfect record of clearing invoices within 30 days. The 15% late payment rate is the primary area of caution and suppliers should ensure clear invoice submission processes and agreed payment terms are documented to minimise the likelihood of delays. Engaging with this company carries manageable risk, and standard credit terms are appropriate, though monitoring individual invoice payment compliance is advisable.
| 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 Jul 2025 - 31 Dec 2025 | 27 Mar 2026 | 27 | 88% | 9% | 3% | 7% |
| 01 Jan 2025 - 30 Jun 2025 | 26 Mar 2026 | 12 | 99% | 1% | 0% | 1% |
| 01 Jul 2024 - 31 Dec 2024 | 27 Mar 2026 | 13 | 100% | 0% | 0% | 4% |
| 01 Jan 2024 - 30 Jun 2024 | 27 Mar 2026 | 17 | 97% | 2% | 1% | 8% |
| 01 Jul 2023 - 31 Dec 2023 | 27 Mar 2026 | 4 | 98% | 2% | 0% | 9% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Mar 2026 | 10 | 96% | 1% | 3% | 12% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Mar 2026 | 2 | 99% | 1% | 0% | 4% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Mar 2026 | 2 | 99% | 1% | 0% | 5% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Mar 2026 | 5 | 97% | 2% | 1% | 10% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Mar 2026 | 6 | 100% | 0% | 0% | 15% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard contractual length of time for payment of invoices are 30 days from invoice received date. The maximum contractual payment period is 60 days from invoice day.
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
"The Parties will attempt to settle any dispute between them by entering into good-faith negotiations through the appropriate management level of governance in a timely manner. The Parties must as a minimum attend the first good-faith negotiations. If a dispute is not resolved by prior negotiation, any dispute arising out of or in connection with the Agreement, including any disputes regarding the existence, validity or termination thereof, shall be settled by arbitration in accordance with the provisions of the Rules of the London Court of International Arbitration provided that: a) one (1) arbitrator will be appointed; b) the arbitrator applies the laws of England; c) the arbitration shall be conducted in the English language; and d) be held in London, England. Any arbitration proceedings and decisions under the Agreement are confidential."
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
HORNSEA 1 LIMITED is a private limited company operating in the offshore wind energy sector. The company takes its name from the Hornsea One offshore wind farm, one of the large-scale renewable energy projects developed in British waters.
The company is registered in England and Wales under company number 07640868 and maintains its registered office at 5 Howick Place, London, England, SW1P 1WG. HORNSEA 1 LIMITED was incorporated on 19 May 2011 and remains an active entity.
As a company associated with offshore wind energy, HORNSEA 1 LIMITED operates within the UK's renewable energy infrastructure sector. Such companies are typically responsible for the development, construction, ownership, and operation of offshore wind generation assets, contributing to the UK's electricity supply and clean energy targets.
The company is based in London, which serves as a major hub for energy sector businesses and corporate entities operating across the United Kingdom. Its long-standing active status reflects its continued role within the renewable energy landscape.