Score of 97.4/100 qualifies for PaymentCheck Certification
ORSTED LINCS (UK) LTD demonstrates a generally prompt payment profile, with an average settlement time of 26 days and 77% of invoices paid within 30 days. The remaining 23% of payments fall within the 31–60 day window, with no recorded instances of payments exceeding 60 days, suggesting a structured and bounded payment cycle. This distribution indicates a consistent pattern without extreme delays, though the presence of a notable late-payment rate warrants closer attention.
The 14% late payment rate introduces a moderate degree of unpredictability, meaning roughly one in seven invoices is not settled on agreed terms. However, the complete absence of payments beyond 60 days suggests that when delays do occur, they remain contained and do not escalate into prolonged default situations. Overall payment behaviour is relatively stable, but suppliers with tight cash flow requirements should factor in the possibility of occasional short-term payment slippage.
ORSTED LINCS (UK) LTD presents a broadly acceptable payment risk profile, suitable for most suppliers operating standard 30-day terms, given its 26-day average and controlled delay ceiling. The 14% late payment incidence is the primary risk factor and should be addressed proactively through clear invoice terms, automated payment reminders, and defined escalation procedures. Suppliers are advised to monitor payment consistency on an ongoing basis and consider building modest buffer periods into cash flow planning when working with this counterparty.
| 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 2024 - 31 Dec 2024 | 30 Mar 2026 | 11 | 100% | 0% | 0% | 0% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Mar 2026 | 9 | 87% | 13% | 0% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Mar 2026 | 12 | 93% | 7% | 0% | 7% |
| 01 Jan 2023 - 30 Jun 2023 | 30 Mar 2026 | 9 | 100% | 0% | 0% | 13% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Mar 2026 | 21 | 86% | 14% | 0% | 29% |
| 01 Jan 2022 - 30 Jun 2022 | 30 Mar 2026 | 24 | 90% | 10% | 0% | 11% |
| 01 Jul 2021 - 31 Dec 2021 | 30 Mar 2026 | 25 | 71% | 29% | 0% | 7% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Mar 2026 | 26 | 77% | 23% | 0% | 14% |
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
Ørsted Lincs (UK) Ltd is a private limited company operating within the renewable energy sector in the United Kingdom. The company forms part of the Ørsted group's operations, with a specific focus on the Lincs offshore wind farm project located in the North Sea.
The company was incorporated on 15 June 2011 and is registered in England under company number 07670693. Its registered office is located at 5 Howick Place, London, England, SW1P 1WG, placing it within the capital's established business district.
As an entity operating within the offshore wind sector, the company is involved in the development, construction, and operation of offshore wind energy infrastructure. Such companies in the UK market are responsible for the generation and transmission of renewable electricity, contributing to the nation's clean energy targets and the broader transition away from fossil fuels.
Ørsted Lincs (UK) Ltd maintains an active status, reflecting its continued role in supporting renewable energy generation in the United Kingdom. The company operates within a highly regulated industry governed by bodies including Ofgem and the Department for Energy Security and Net Zero.