Score of 96.3/100 qualifies for PaymentCheck Certification
ORSTED POWER (GUNFLEET SANDS) LTD maintains a relatively swift average payment time of 19 days, with the majority of payments (67%) settled within 30 days. However, a notable 33% of payments fall into the 31-60 day bracket, indicating a consistent secondary payment pattern that extends beyond standard terms. No payments exceed 60 days, suggesting that while some delays occur, they remain within a controlled and moderate range.
The late payment rate of 32% introduces a meaningful degree of unpredictability, meaning approximately one in three invoices will not be settled on time. The clear split between the two payment bands (67% within 30 days, 33% within 31-60 days) suggests a somewhat structured, if inconsistent, payment behaviour rather than random delays. The complete absence of payments beyond 60 days does provide a reliable ceiling on worst-case settlement timelines, reducing exposure to prolonged cash flow disruption.
ORSTED POWER (GUNFLEET SANDS) LTD represents a moderate payment risk profile — prompt in most cases but with a material late payment rate of 32% that suppliers should factor into cash flow planning. Suppliers should consider setting payment terms of 14-20 days to accommodate the likelihood of delay and still achieve settlement close to their target dates. Proactive invoice follow-up at the 25-day mark is advisable to reduce the risk of payments drifting into the 31-60 day window.
| 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 | 9 | 100% | 0% | 0% | 0% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Mar 2026 | 13 | 89% | 11% | 0% | 15% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Mar 2026 | 13 | 96% | 4% | 0% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 30 Mar 2026 | 10 | 93% | 7% | 0% | 13% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Mar 2026 | 9 | 100% | 0% | 0% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 30 Mar 2026 | 15 | 88% | 12% | 0% | 28% |
| 01 Jul 2021 - 31 Dec 2021 | 30 Mar 2026 | 9 | 92% | 8% | 0% | 8% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Mar 2026 | 19 | 67% | 33% | 0% | 32% |
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
ORSTED POWER (GUNFLEET SANDS) LTD is an active private limited company, incorporated on 23 June 2011, based in the London region. Registered business activity: Other business support service activities not elsewhere classified.
From Companies House records.