BULB ENERGY LTD
Company Information
- Company Number
- 08469555
- Registered Address
- C/O TENEO FINANCIAL ADVISORY LIMITED, The Colmore Building 20 Colmore Circus Queensway, Birmingham, B4 6AT
- Status
- In Administration
- Employee Count
- 2
- Turnover
- £1,521,000,000
- EBITDA
- -£59,000,000
Additional Details
- Website
- https://regent-power.com/
- Company Type
- Private limited Company
- Incorporated On
- 2 April 2013
- Nature of Business
- 35140 - Trade of electricity
- Industries
- Coming Soon
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for BULB ENERGY LTD to pay invoices has fluctuated over the past three periods, with a slight decrease in the most recent period.
Volatility Analysis
The volatility of the percentage of invoices paid within 30 days has been relatively stable, with a slight increase in the most recent period.
Summary Analysis
From 2019-04-01 to 2021-09-30, BULB ENERGY LTD has shown a decrease in the average time taken to pay invoices, with the most significant decrease occurring in 2020-04-01 to 2020-09-30. In terms of on-time payments, the percentage of invoices paid within 30 days has remained consistently high at 93%, with a slight increase in 2021-04-01 to 2021-09-30. However, the percentage of invoices paid later than 60 days has also slightly increased in the most recent period, reaching a high of 2%. BULB ENERGY LTD has consistently maintained a standard payment period of 30 days.
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 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 18 | 93% | 5% | 2% | 12% |
| 01 Oct 2020 - 31 Mar 2021 | 28 Apr 2021 | 18 | 93% | 5% | 2% | 14% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 16 | 93% | 6% | 1% | 18% |
| 01 Oct 2019 - 31 Mar 2020 | 29 Apr 2020 | 18 | 93% | 6% | 1% | 15% |
| 01 Apr 2019 - 30 Sept 2019 | 09 Mar 2020 | 19 | 94% | 5% | 1% | 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 standard payment terms are 30 days from invoice date, regardless of when the invoice was received.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
Our accounts payable team handles all disputes directly and in cooperation with our colleagues in the buyer’s position when necessary. We handle disputes promptly daily via email, post or phone. We have a clear escalation pathway to the CFO to ensure dispute resolution.
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
Bulb Energy Ltd is a UK-based energy company that aims to provide affordable, renewable, and sustainable energy solutions to its customers. Founded in 2015, the company has quickly established itself as a leader in the energy industry.
The company's sustainability program focuses on reducing carbon emissions by providing 100% renewable electricity and 100% carbon neutral gas to its customers. They also offer a variety of energy-efficient products and services, such as smart meters and energy-saving tips, to help customers reduce their energy consumption and carbon footprint.
Bulb Energy Ltd is led by co-founders Hayden Wood and Amit Gudka, who have a strong background in the energy sector. They are supported by a dedicated team of experts who are committed to providing excellent customer service and promoting sustainability.
The company's website (https://bulb.co.uk/) provides detailed information about their services, pricing, and sustainability efforts. Customers can easily sign up for their services online or contact their customer support team for any queries.
Bulb Energy Ltd's registered office address is 155 Bishopsgate, London, EC2M 3TQ. They also have an office in Brighton, UK. The company has won several awards for its sustainability efforts and continues to grow its customer base with its commitment to providing renewable and affordable energy solutions.
