LYNEMOUTH POWER LIMITED
Company Information
- Company Number
- 07866585
- Registered Address
- Lynemouth Power Station, Ashington, Northumberland, England, NE63 9NW
- Status
- Active
- Employee Count
- 158
- Turnover
- £386,870,000
- EBITDA
- £62,074,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 30 November 2011
- Nature of Business
- 35110 - Production of electricity
- Industries
- Energy
- Region
- North East
Time to Pay
Payment Timeline
Payment Features
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 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 52 | 10% | 25% | 65% | 24% |
| 01 Jan 2020 - 30 Jun 2020 | 07 Aug 2020 | 52 | 10% | 22% | 68% | 26% |
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
Our shortest standard terms are associated with purchases of biomass which is used in the electricity generation process, these are with a number of different suppliers but are contractually payable between 5 and 10 business days. Our standard terms for suppliers which the majority of our suppliers are setup are the longest. These terms are net monthly account + 30 days from invoice date, therefore actually payment ranges from 60 to 90 days depending on when the invoice is dated within the month.
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
90
Dispute Resolution Process
Disputes are usually considered when they are raised by the supplier, any dispute is firstly handled by the finance department and then referred to the procurement department if the dispute remains. When a new supplier is setup on our system they are required to sign off a supplier form which details address, account details and standard payment terms which they will be paid under. These are referred to when any disputes are raised and are quoted on purchase orders when they are sent out to suppliers.
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
LYNEMOUTH POWER LIMITED is a UK-based company that operates a power plant in Lynemouth, Northumberland. The company was established in 2000 and is a subsidiary of EDF Energy, a leading energy supplier in the UK.
The main activity of LYNEMOUTH POWER LIMITED is the generation of electricity using coal as the primary fuel source. However, the company is committed to sustainability and has implemented a number of initiatives to reduce its environmental impact. This includes investing in cleaner technologies and reducing emissions from its operations.
In addition to its sustainability efforts, LYNEMOUTH POWER LIMITED also offers a range of products and services to its customers. This includes supplying electricity to the National Grid and providing heat and power to local businesses and households.
The company has a team of key people who oversee its operations and ensure its efficient functioning. This includes a managing director, finance director, and operations director, among others.
LYNEMOUTH POWER LIMITED can be contacted through its website, which provides information about its operations, sustainability efforts, and customer services. The company's registered office address is at Lynemouth Power Station, Ashington, Northumberland, NE63 9YH.
In summary, LYNEMOUTH POWER LIMITED is a UK-based power company that operates a coal-fired power plant in Lynemouth. The company is committed to sustainability and offers a range of products and services to its customers. With a dedicated team and a focus on reducing its environmental impact, LYNEMOUTH POWER LIMITED is a leading player in the energy sector in the UK.
