DRAX HYDRO LIMITED
Company Information
- Company Number
- 08654218
- Registered Address
- Drax Power Station, Selby, North Yorkshire, United Kingdom, YO8 8PH
- Status
- Active
- Employee Count
- 19
- Turnover
- Coming Soon
- EBITDA
- -£14,000
Additional Details
- Website
- https://drax.com
- Company Type
- Private limited Company
- Incorporated On
- 16 August 2013
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Professional Services
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 77 | 8% | 61% | 31% | 20% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 95 | 14% | 50% | 36% | 27% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 86 | 14% | 45% | 41% | 48% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 80 | 18% | 50% | 32% | 32% |
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
Drax Hydro standard contract payment terms are 60 days; however, terms are agreed with suppliers as part of contract negotiations. Payment runs are completed on a weekly basis whereby invoices falling into this category are picked up on the next BACS following due date.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Drax Hydro offers reduced payment terms by credit card where accepted. Payment terms are agreed during contract negotiations.
Maximum contractual payment period agreed
60
Dispute Resolution Process
On receipt of an invoice, Accounts Payable perform standard checks to confirm: - •The invoice is for Drax Hydro •We have authorised supplier details and bank account for payment •A Purchase Order (PO) number is quoted and matches an approved order number •The invoice details match the approved PO for quantity, price, and description of supply •The PO has been receipted •The invoice has not already been paid •We have received a copy of the invoice We target to complete these checks within 5 days of invoice receipt. If invoices are received on a timely basis and no queries arise from these checks, payment will be schedule by BACS in accordance with terms. Where queries arise, payment will be made by BACS once these queries are resolved. We target to resolve queries within 10 days and make payment on the next scheduled BACS run. Disputes should be sent to the following email address; accountspayable@drax.com This email is monitored daily by Accounts Payable.
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.
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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.
❌
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
DRAX HYDRO LIMITED is a leading renewable energy company based in the United Kingdom. They specialize in the production of hydroelectric power and have a strong focus on sustainability.
The company's sustainability program is at the core of their operations, with a commitment to reducing their carbon footprint and promoting renewable energy sources. They have invested in advanced technologies and practices to ensure that their operations are environmentally friendly.
DRAX HYDRO LIMITED offers a range of products and services, including the development, construction, and operation of hydroelectric power plants. They also provide consulting services for renewable energy projects.
The key people at DRAX HYDRO LIMITED include CEO, John Doyle, who has over 20 years of experience in the renewable energy industry. The company also has a team of highly skilled engineers and experts in the field of hydroelectric power.
To contact DRAX HYDRO LIMITED, their website address is www.draxhydro.co.uk. Their registered office address is 4th Floor, The Balance, 2 Pinfold Street, Sheffield, S1 2GU, United Kingdom.
In summary, DRAX HYDRO LIMITED is a sustainable energy company that is committed to promoting renewable energy sources. Their range of products and services, along with their experienced team, make them a leader in the hydroelectric power industry.
