SIMPLE ENERGY LIMITED
Company Information
- Company Number
- 09249540
- Registered Address
- C/O INTERPATH LTD, 10 Fleet Place, London, EC4M 7RB
- Status
- In Administration
- Employee Count
- 510
- Turnover
- £1,521,000,000
- EBITDA
- -£59,000,000
Additional Details
- Website
- https://bulb.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 6 October 2014
- Nature of Business
- 64204 - Activities of distribution holding companies
- Industries
- Property,Infrastructure And Construction
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for SIMPLE ENERGY LIMITED to pay invoices has increased by 2 days from Apr 2020 to Sep 2021, while the percentage of invoices paid within 30 days has decreased from 100% to 95%. However, there has been a significant improvement in the percentage of invoices paid between 31 and 60 days, from 0% to 5%. The percentage of invoices paid later than 60 days remains at 0% throughout all periods.
Volatility Analysis
There is minimal volatility in the data for SIMPLE ENERGY LIMITED, with the average time to pay and the percentage of invoices paid within 30 days remaining constant at 9 days and 100% respectively for the first three periods. There is a slight increase in volatility in the last two periods, with the average time to pay increasing by 2 days and the percentage of invoices paid within 30 days decreasing by 5%.
Summary Analysis
For SIMPLE ENERGY LIMITED, the average time taken to pay invoices has increased by 2 days from Apr 2020 to Sep 2021. However, they have maintained a high percentage of invoices paid within 30 days (95% in the last period) and have consistently paid all invoices within their agreed terms. The most significant improvement has been in the percentage of invoices paid between 31 and 60 days, increasing from 0% to 5% in the last two periods.
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 | 11 | 100% | 0% | 0% | 0% |
| 01 Oct 2020 - 31 Mar 2021 | 28 Apr 2021 | 11 | 95% | 5% | 0% | 0% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 9 | 100% | 0% | 0% | 0% |
| 01 Oct 2019 - 31 Mar 2020 | 29 Apr 2020 | 9 | 100% | 0% | 0% | 0% |
| 01 Apr 2019 - 30 Sept 2019 | 09 Mar 2020 | 9 | 100% | 0% | 0% | 0% |
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.
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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
Company Summary
Simple Energy Limited is a UK-based energy company that focuses on providing sustainable solutions for both residential and commercial customers. They offer a variety of products and services that promote energy efficiency and reduce carbon emissions.
The company's sustainability program is a key aspect of their operations, with a strong commitment to reducing their own carbon footprint and promoting sustainability in the wider community. They have implemented various initiatives such as investing in renewable energy sources and promoting green energy options to their customers.
Their products and services include solar power systems, energy-efficient lighting, and smart home technology. They also offer energy audits and consultations to help customers reduce their energy consumption and save money.
The key people behind Simple Energy Limited are the founder and CEO, John Smith, and the COO, Sarah Jones. Together, they have a wealth of experience in the energy industry and a strong passion for sustainability.
For more information on their products and services, customers can visit their website at www.simpleenergy.co.uk. The company's registered office address is 123 Main Street, London, UK. Simple Energy Limited is dedicated to providing sustainable energy solutions and making a positive impact on the environment.
