Industry ranking
Score of 87.5/100 qualifies for PaymentCheck Certification
The average time taken for SIEMENS GAMESA RENEWABLE ENERGY LIMITED to pay invoices has fluctuated over the past 5 years, with a decrease in the most recent period. The percentage of invoices paid within 30 days has also increased over time, while the percentage of invoices paid later than 60 days has decreased.
The data for SIEMENS GAMESA RENEWABLE ENERGY LIMITED shows a moderate level of volatility, with some fluctuations in the average time taken to pay invoices and the percentage of invoices paid within 30 days. However, the percentage of invoices paid later than 60 days has remained relatively stable.
| 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 Oct 2025 - 31 Mar 2026 | 30 Apr 2026 | 113 | 13% | 33% | 54% | 23% |
| 01 Apr 2025 - 30 Sept 2025 | 21 Nov 2025 | 8 | 92% | 4% | 4% | 19% |
| 01 Oct 2024 - 31 Mar 2025 | 21 Nov 2025 | 11 | 92% | 4% | 4% | 70% |
| 01 Apr 2024 - 30 Sept 2024 | 23 Dec 2024 | 13 | 91% | 4% | 5% | 86% |
| 01 Oct 2023 - 31 Mar 2024 | 23 Jul 2024 | 33 | 82% | 7% | 11% | 86% |
| 01 Apr 2023 - 30 Sept 2023 | 06 Feb 2024 | 31 | 81% | 9% | 10% | 94% |
| 01 Oct 2022 - 31 Mar 2023 | 06 Feb 2024 | 33 | 82% | 6% | 12% | 95% |
| 01 Apr 2022 - 30 Sept 2022 | 06 Feb 2024 | 34 | 79% | 6% | 15% | 94% |
| 01 Oct 2021 - 31 Mar 2022 | 06 Feb 2024 | 30 | 76% | 8% | 16% | 45% |
| 01 Apr 2021 - 30 Sept 2021 | 06 Feb 2024 | 32 | 69% | 11% | 20% | 55% |
| 01 Oct 2020 - 31 Mar 2021 | 06 Feb 2024 | 28 | 70% | 14% | 16% | 60% |
| 01 Apr 2020 - 30 Sept 2020 | 27 Oct 2020 | 44 | 47% | 24% | 29% | 25% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 47 | 41% | 25% | 34% | 31% |
| 01 Apr 2019 - 30 Sept 2019 | 01 Nov 2019 | 45 | 45% | 23% | 32% | 34% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 44 | 46% | 21% | 33% | 32% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms are assigned by the Business units on a case by case basis:- Payment terms usage : - Intercompany transactions paid immediately in the in the month after the receipt of invoice. Intercompany clearing terms are available to Siemens companies only and the clearing of such transactions is done without any transmission of money external to Siemens cash pool. 1. Orbian, Supply Chain Finance Programme (SCF) - Payments are made to Supplier by Orbian immediately with deduction in payment to supplier which Siemens then pay to Orbian at extended payment term date. ORBIAN - 75 days 2%, 90 days 1%, 150/180 days 6% 180 days as the longest payment term in this category. 2. 3rd party payment terms <30 days 3%, 30 days 13%, 45 days 7%, 60 days 41%, 75 days 15%, 90 days 11% Remainder of transactions were on payment term with less than 1% occurrence. 120 days as the longest payment term in this category. The payment statistics excluding the ICC transactions and Orbian are as follows :- Average time it took to pay an invoice 113 Days , Split of payments 0-30 days 9%,31-60 days 36%, 61+days 55%
Were there any changes to the standard payment terms in the reporting period?
External and Internal vendors had payment terms changed
Any other information about payment terms
Early settlement discounts are applied as agreed with the suppliers and range from 1% to 3% based upon the timing of payments. During the reporting less than 1% of the overall transactions showed pre-agreed discounts with the suppliers.
Maximum contractual payment period agreed
180
"1) Central Accounts Payable (AP) team for payment enquiries, contact points via e-mail/supplier portal. Relevant details are on Purchase Orders. E-mail sgre_uki_ap_in@aphelpdesk.siemensgamesa.com 2) AP liaise with supplier to obtain and process missing invoices a) Check existing systems (scan provider/e-invoice provider/invoice process queue to see if invoice already in query and/or returned to supplier) 3) AP liaise with suppliers to confirm payment details (past and upcoming) 4) AP liaise with approvers to release overdue invoices for payment 5) Special team deals with ‘final demand’ cases and legal notices"
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
SIEMENS GAMESA RENEWABLE ENERGY LIMITED is an active private limited company, incorporated on 27 June 2016, based in the Yorkshire and The Humber region. Registered business activity: Construction of utility projects for electricity and telecommunications.
From Companies House records.