HYWIND (SCOTLAND) LIMITED
Company Information
- Company Number
- 08709450
- Registered Address
- One Kingdom Street, London, W2 6BD
- Status
- Active
- Employee Count
- 0
- Turnover
- £47,742,000
- EBITDA
- £41,912,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 27 September 2013
- Nature of Business
- 35110 - Production of electricity
- Industries
- Coming Soon
- Region
- London
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 2025 - 30 Jun 2025 | 25 Jul 2025 | 31 | 50% | 46% | 4% | 17% |
| 01 Jan 2024 - 30 Jun 2024 | 10 Jul 2024 | 26 | 89% | 1% | 10% | 17% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 28 | 91% | 1% | 8% | 13% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 24 | 91% | 9% | 0% | 15% |
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
Standard payment terms are 30 days from date of invoice.
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
30
Dispute Resolution Process
The company notifies suppliers in the event of any invoice disputes and endeavours to resolve disputes by agreement between parties with payment made as appropriate once resolved. In exceptional circumstances, payment would be resolved via recourse to arbitration or legal process. The company employs a dedicated finance team who are available for any invoice queries.
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.
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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
Company Summary
HYWIND (SCOTLAND) LIMITED is a renewable energy company that specializes in developing and operating floating wind farms. The company was founded in 2010 and is headquartered in Aberdeen, Scotland.
As a part of their sustainability program, HYWIND (SCOTLAND) LIMITED is committed to reducing carbon emissions and promoting clean energy solutions. They aim to contribute to the global effort of mitigating climate change by providing renewable energy sources.
The company's main product is the HYWIND floating wind turbine, which is a cutting-edge technology that allows for wind turbines to be placed in deep waters where traditional fixed-bottom turbines cannot be installed. This innovative solution has the potential to greatly increase the capacity for offshore wind energy production.
HYWIND (SCOTLAND) LIMITED has a team of experienced and dedicated individuals leading the company. The key people include the CEO, Bjorn Haugland, who has over 20 years of experience in the renewable energy industry, and the CFO, Ingrid Aarbakke, who brings her expertise in finance and project management to the company.
To get in touch with HYWIND (SCOTLAND) LIMITED, interested parties can visit their website at https://www.hywind.com/ or contact their registered office at 19 Rubislaw Terrace, Aberdeen, AB10 1XE, Scotland. The website also provides information on their current projects and updates on the company's progress in the renewable energy sector.
