OCTOPUS ENERGY LIMITED
Company Information
- Company Number
- 09263424
- Registered Address
- Uk House, 5th Floor, 164-182 Oxford Street, London, United Kingdom, W1D 1NN
- Status
- Active
- Employee Count
- 1,579
- Turnover
- £9,437,100,000
- EBITDA
- £318,600,000
Additional Details
- Website
- https://citroen.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 14 October 2014
- Nature of Business
- 35140 - Trade of electricity35230 - Trade of gas through mains
- Industries
- Property,Infrastructure And Construction
- 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 Nov 2024 - 30 Apr 2025 | 17 Jun 2025 | 16 | 91% | 9% | 0% | 9% |
| 01 Nov 2023 - 30 Apr 2024 | 28 May 2024 | 20 | 97% | 3% | 0% | 6% |
| 01 May 2023 - 31 Oct 2023 | 25 Jan 2024 | 22 | 95% | 4% | 1% | 10% |
| 01 Nov 2022 - 30 Apr 2023 | 31 May 2023 | 15 | 96% | 3% | 1% | 12% |
| 01 Nov 2021 - 30 Apr 2022 | 30 May 2022 | 18 | 93% | 6% | 1% | 17% |
| 01 May 2021 - 31 Oct 2021 | 30 Nov 2021 | 17 | 97% | 3% | 0% | 13% |
| 01 Nov 2020 - 30 Apr 2021 | 28 May 2021 | 21 | 96% | 3% | 1% | 12% |
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
Octopus's standard payment terms are 30 days on receipt of invoice, unless different terms have been agreed or are stated on the invoice. Some suppliers are paid via direct debit and/or have immediate payment terms.
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
60
Dispute Resolution Process
Queries or issues are raised by sending an email to the Accounts Payable team. A member of the team will contact the supplier to understand the issue and attempt to rectify. If the issue cannot be rectified by the Accounts Payable team it will be escalated as required to management. The team aims to resolve issues as quickly as practicable, usually within 2– 4 working days.
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.
❌
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
OCTOPUS ENERGY LIMITED is a UK-based energy company that provides sustainable and affordable energy solutions to its customers. The company was founded in 2015 and is headquartered in London.
The company's main focus is on renewable energy, with a commitment to reducing carbon emissions and promoting a more sustainable future. OCTOPUS ENERGY LIMITED offers a range of products and services including green electricity and gas tariffs, as well as smart energy devices to help customers manage their energy usage.
One of the key people in the company is CEO and founder Greg Jackson, who has a background in finance and a passion for creating a more environmentally friendly energy sector. The company also has a team of experts in renewable energy and technology to ensure the best possible service for its customers.
In addition to providing sustainable energy solutions, OCTOPUS ENERGY LIMITED also has a strong sustainability program in place. This includes investing in renewable energy projects, such as wind and solar farms, and supporting local communities through various initiatives.
The company's website (octopus.energy) provides customers with easy access to their accounts and allows them to track their energy usage and manage their bills. Customers can also contact the company's customer service team through various channels, including phone, email, and social media.
The registered office address for OCTOPUS ENERGY LIMITED is 33 Holborn, London, EC1N 2HT. Overall, OCTOPUS ENERGY LIMITED is a leading provider of sustainable energy solutions in the UK, with a strong commitment to reducing carbon emissions and promoting a greener future for all.
