ORSTED RACE BANK (HOLDING) LIMITED demonstrates a broadly acceptable payment profile, with an average payment time of 27 days and 69% of invoices settled within 30 days. The remaining 31% of payments fall within the 31-60 day band, with no recorded instances of payments exceeding 60 days, suggesting a controlled upper limit on delays. This distribution indicates a company that generally pays within standard commercial terms, though a meaningful portion of invoices routinely extends beyond the 30-day threshold.
The 24% late payment rate introduces a notable element of unpredictability, meaning approximately one in four invoices will not be settled on the originally agreed terms. However, the complete absence of payments beyond 60 days provides reassurance that delays are relatively contained and do not escalate into prolonged defaults. Overall reliability is moderate — suppliers can expect eventual payment within a defined window, but should not assume consistent on-time settlement.
ORSTED RACE BANK (HOLDING) LIMITED presents a medium-low risk profile, suitable for continued supply relationships provided cash flow exposure is manageable. Suppliers should consider building a buffer of 35-45 days into their payment expectations rather than relying on strict 30-day terms. To mitigate risk, it is advisable to include clear late payment clauses in contracts and monitor invoice ageing closely, particularly for higher-value transactions.
| 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 2025 - 31 Dec 2025 | 30 Mar 2026 | 28 | 54% | 46% | 0% | 2% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Mar 2026 | 35 | 50% | 43% | 7% | 7% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Mar 2026 | 27 | 52% | 48% | 0% | 11% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Mar 2026 | 30 | 48% | 49% | 3% | 3% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Mar 2026 | 29 | 69% | 26% | 5% | 16% |
| 01 Jan 2023 - 30 Jun 2023 | 30 Mar 2026 | 26 | 86% | 7% | 7% | 7% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Mar 2026 | 26 | 67% | 33% | 0% | 18% |
| 01 Jan 2022 - 30 Jun 2022 | 30 Mar 2026 | 32 | 77% | 15% | 8% | 29% |
| 01 Jul 2021 - 31 Dec 2021 | 30 Mar 2026 | 26 | 75% | 25% | 0% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Mar 2026 | 27 | 69% | 31% | 0% | 24% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard contractual length of time for payment of invoices are 30 days from invoice received date. The maximum contractual payment period is 60 days from invoice day.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
"The Parties will attempt to settle any dispute between them by entering into good-faith negotiations through the appropriate management level of governance in a timely manner. The Parties must as a minimum attend the first good-faith negotiations. If a dispute is not resolved by prior negotiation, any dispute arising out of or in connection with the Agreement, including any disputes regarding the existence, validity or termination thereof, shall be settled by arbitration in accordance with the provisions of the Rules of the London Court of International Arbitration provided that: a) one (1) arbitrator will be appointed; b) the arbitrator applies the laws of England; c) the arbitration shall be conducted in the English language; and d) be held in London, England. Any arbitration proceedings and decisions under the Agreement are confidential."
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
Orsted Race Bank (Holding) Limited is a private limited company operating within the offshore wind energy sector. The company serves as a holding entity associated with the Race Bank offshore wind farm project, which forms part of Ørsted's portfolio of renewable energy developments in the United Kingdom.
The company is registered in England and Wales under company number 10272657 and maintains its registered office at 5 Howick Place, London, SW1P 1WG. It was incorporated on 11 July 2016 and holds active status on the Companies House register.
As a holding company within the renewable energy sector, Orsted Race Bank (Holding) Limited fulfils a structural corporate function, holding interests and assets related to the Race Bank offshore wind farm development. Such holding entities are commonly used within large-scale infrastructure and energy projects to organise ownership, manage project finance arrangements, and provide a clear corporate structure for complex development activities.
Ørsted is a globally recognised developer of offshore wind energy, and its UK operations contribute to the country's renewable energy infrastructure. The Race Bank offshore wind farm is situated off the coast of Norfolk and Lincolnshire, representing a significant installation within the United Kingdom's growing portfolio of offshore wind capacity.