THE RENEWABLES INFRASTRUCTURE GROUP UK LIMITED
Company Information
- Company Number
- 08506871
- Registered Address
- Level 7 One Bartholomew Close, Barts Square, London, United Kingdom, EC1A 7BL
- Status
- Active
- Employee Count
- 0.0
- Turnover
- 426314000.0
- EBITDA
- 397598000.0
Additional Details
- Website
- https://trig-ltd.com
- Company Type
- Private limited Company
- Incorporated On
- 26 April 2013
- Nature of Business
- 70100 - Activities of head offices
- Industries
- 0
- Region
- London
Company Location
Loading map...
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 31 Dec 2023 | 31 Jan 2024 | 14 | 91% | 9% | 0% | 9% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 13 | 94% | 6% | 0% | 6% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 12 | 94% | 6% | 0% | 6% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 13 | 94% | 6% | 0% | 6% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 9 | 94% | 6% | 0% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 12 | 97% | 3% | 0% | 3% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 16 | 94% | 3% | 3% | 6% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 9 | 91% | 9% | 0% | 9% |
| 01 Jul 2019 - 31 Dec 2019 | 12 Feb 2020 | 11 | 90% | 10% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 4 | 100% | 0% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 13 | 100% | 0% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 9 | 94% | 6% | 0% | 9% |
Company Summary
The Renewables Infrastructure Group (UK) Limited, also known as TRIG, is a leading renewable energy investment company based in the United Kingdom
They specialize in investing in a diverse range of renewable energy projects, such as wind, solar, and biomass, with the aim of providing sustainable and reliable returns for their investors
TRIG's sustainability program is at the heart of their business philosophy, with a strong focus on reducing the environmental impact of their investments
They strive to achieve this through careful selection and management of their renewable energy projects, as well as actively seeking out new ways to improve the sustainability of their operations
Their portfolio currently includes over 70 renewable energy projects across the UK and Europe, with a total generating capacity of over 1 gigawatt
This includes wind farms, solar parks, and biomass facilities, providing clean and renewable energy to thousands of homes and businesses
Key people at TRIG include the Chairman, Helen Mahy, and the CEO, Richard Crawford-Collins, both of whom bring extensive experience and expertise in the renewable energy industry
They are supported by a team of dedicated professionals who are committed to driving the company's sustainability goals forward
For more information on TRIG and their renewable energy investments, their website is www.trig-ltd.com
Their registered office address is 70 Grosvenor Street, London, W1K 3JP
Company Review
Trend Analysis
The average time taken for THE RENEWABLES INFRASTRUCTURE GROUP (UK) LIMITED to pay invoices has fluctuated over the past three periods, with a decrease in 2019 followed by an increase in 2020 and a slight decrease in 2021. However, overall, the trend shows a slight improvement in payment time over the three periods.
Volatility Analysis
The data for THE RENEWABLES INFRASTRUCTURE GROUP (UK) LIMITED shows a moderate level of volatility in terms of the time taken to pay invoices. The company has experienced fluctuations in payment time, with the most significant change occurring in 2019, where the average time to pay decreased by 9 days compared to the previous period. However, the overall pattern shows a relatively consistent payment time with only minor fluctuations.
Summary Analysis
Looking at the data for THE RENEWABLES INFRASTRUCTURE GROUP (UK) LIMITED, the company has shown a consistent pattern of paying invoices within the agreed terms or earlier. The percentage of invoices paid within 30 days has remained consistently high at 94% or above in all periods, with a slight decrease to 91% in the most recent period (2023-07-01 to 2023-12-31). Additionally, the company has maintained a short standard payment period of 7 days throughout all periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The standard contractual length of time for the payment of invoices that the company enters into is 30 days. The maximum contractual payment period the company has entered into in the reporting period for qualifying contracts is 30 days. The shortest payment period entered into is 7 days. There have been no changes to the standard payment terms in the reporting period.
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
The company deals in a transparent, fair and professional manner and the process for resolving disputes on related payments is to attempt to form a settlement with the payment beneficiary; failure to progress this would escalate the dispute to the senior management team.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
