CENTRICA LNG UK LIMITED

PaymentCheck Score 2025
100Excellent
vs last year
#20 in UK
#6 in South East

Company Information

Company Number
09920361
Registered Address
Millstream, Maidenhead Road, Windsor, Berkshire, United Kingdom, SL4 5GD
Status
Active
Employee Count
0
Turnover
£3,665,430,000
EBITDA
£381,231,000

Additional Details

Company Type
Private limited Company
Incorporated On
17 December 2015
Nature of Business
09100 - Support activities for petroleum and natural gas extraction
Industries
Coming Soon
Region
South East

Time to Pay

Average Time to Pay
6 days
Shortest Period:10 days
Longest Period:0 days
Max Contractual:45 days

Payment Timeline

Within 30 Days
100%
31-60 Days
0%
After 60 Days
0%
Not Paid Within Terms0%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2025-01-28
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202530 Jul 20250100%0%0%0%
01 Jul 2024 - 31 Dec 202428 Jan 20256100%0%0%0%
01 Jan 2024 - 30 Jun 202426 Jul 20249100%0%0%0%
01 Jan 2022 - 30 Jun 202229 Jul 20225100%0%0%0%
01 Jan 2021 - 30 Jun 202127 Jul 20216100%0%0%0%
01 Jan 2020 - 30 Jun 202030 Jul 20204100%0%0%0%
01 Jan 2019 - 30 Jun 201924 Jul 20196100%0%0%0%
01 Jul 2018 - 31 Dec 201828 Jan 20199100%0%0%0%
01 Jan 2018 - 30 Jun 201830 Jul 20181392%8%0%4%

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

Centrica LNG UK Ltd does not have standard payment terms. The most frequently used payment terms are 10 business days after the date or receipt of invoice and relate to settlement of transactions for the purchase of liquefied natural gas.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

To prevent a delay in invoice processing, invoices must be clearly legible, comply with HMRC regulations and should include supplier details, purchase order number (if applicable) invoice number, invoice date and payment instructions, as well as the Centrica point of contact who requested the goods or services.

Maximum contractual payment period agreed

45

Dispute Resolution Process

Any disputes the suppliers should contact their specific contact within Accounts Payable Group. The Accounts Payable team will consider the complaint and respond accordingly.

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

CENTRICA LNG UK LIMITED is a subsidiary of Centrica plc, a British multinational energy and services company. They specialize in the import, storage, and regasification of liquefied natural gas (LNG) in the United Kingdom.

The company's sustainability program is focused on reducing greenhouse gas emissions and promoting renewable energy sources. They have invested in renewable energy projects, such as wind farms, and have set a target to reduce their carbon emissions by 35% by 2025.

Their main product is LNG, which is imported from various countries such as Qatar, Norway, and the United States. They have a storage capacity of 16 billion cubic meters and supply LNG to various sectors including industrial, commercial, and residential customers.

The key people at CENTRICA LNG UK LIMITED include Chris Weston, the CEO, and Jonathan Westby, the Managing Director. They also have a team of experts in the fields of engineering, operations, and commercial management.

The company's website address is www.centrica.com/lng and their registered office address is Millstream, Maidenhead Road, Windsor, Berkshire, SL4 5GD, United Kingdom.

In summary, CENTRICA LNG UK LIMITED is a leading player in the UK's LNG market, with a strong focus on sustainability and a diverse portfolio of products and services. Their commitment to reducing carbon emissions and promoting renewable energy sources makes them a key player in the energy industry.

Financial Metrics

Cash
£0
Net Worth
£444,282,000
Total Current Assets
£770,695,000
Total Current Liabilities
£309,979,000

Company Location