There is no data available for British Gas Limited for the periods between 2018-01-01 and 2020-06-30. However, data is available for the periods between 2020-07-01 and 2023-12-31.
The average time taken for British Gas Limited to pay invoices to suppliers has remained relatively stable over the past three periods, with an average of around 45 days. However, there has been an increase in the percentage of invoices paid within 30 days, from 55.7% in the period between 2020-07-01 and 2020-12-31 to 60.4% in the period between 2021-01-01 and 2021-06-30. This indicates an improvement in the company's payment efficiency towards early payment.
Based on the available data, British Gas Limited has shown improvement in their payment efficiency towards early payment, with an increase in the percentage of invoices paid within 30 days. There has also been a decrease in the percentage of invoices paid later than 60 days, indicating an improvement in the company's payment timeliness. However, there has been a decrease in the percentage of invoices paid between 31 and 60 days, which could suggest that British Gas Limited has been able to pay a higher number of invoices within the agreed terms.
| 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 | 26 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 23 Sept 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 |
British Gas Limited is a Centrica PLC group company operating under the British Gas brand. Its registered activities are the trade of electricity and gas through mains, reflecting its role as an energy supplier. The group description states it supplies gas and electricity to over 8 million homes and businesses in Britain, along with boiler cover, boiler installation, smart meters, heat pumps, solar panels and electric vehicle charging tariffs. It also offers landlord compliance services such as Gas Safety Certificates and EICRs. Insurance products sold through the brand are noted as earning commission for a related entity, British Gas Services Limited. The company forms part of the wider Centrica group's UK household energy and home services operations.
Generated from the company's website and Companies House records. Sources: britishgas.co.uk · britishgas.co.uk