CENTRICA SERVICES LIMITED

PaymentCheck Score 2025
51Fair
10.1vs last year
#3601 in UK
#585 in South East

Company Information

Company Number
10553056
Registered Address
Millstream, Maidenhead Road, Windsor, Berkshire, United Kingdom, SL4 5GD
Status
Active
Employee Count
1,475
Turnover
£557,147,000
EBITDA
£20,476,000

Additional Details

Company Type
Private limited Company
Incorporated On
9 January 2017
Nature of Business
70100 - Activities of head offices
Industries
Professional Services
Region
South East

Time to Pay

Average Time to Pay
44 days
Shortest Period:28 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
34%
31-60 Days
61%
After 60 Days
5%
Not Paid Within Terms8%

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 20255319%76%5%6%
01 Jul 2024 - 31 Dec 202428 Jan 20254434%61%5%8%
01 Jan 2024 - 30 Jun 202426 Jul 20244135%61%4%10%
01 Jan 2022 - 30 Jun 202229 Jul 20225431%21%48%21%
01 Jan 2021 - 30 Jun 202127 Jul 20214830%17%53%19%

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

We have standard payment terms of 60 days, however all suppliers categorised as Micro and Small are paid on 30 days terms. Sub-contractor are typically paid with 28 days.

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 invoice number, invoice date and payment instructions, as well as the Centrica point of contact who requested the goods or services. Invoices should be issued electronically to centrica.jewel.live@boxit.co.uk Invoices issued without the above details may not be accepted and may be returned for amendment before being processed.

Maximum contractual payment period agreed

60

Dispute Resolution Process

Any disputes the suppliers should contact their specific contact Accounts Payable Group Group.accountspayable@centrica.com. The Accounts Payable team will consider the complaint and respond accordingly. Should an escalation occur an email to apescalation@centrica.com should be sent and the AP team will respond.

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 Services Limited is a British energy company that provides a range of products and services in the energy sector. The company is committed to sustainability and has a strong focus on reducing carbon emissions and promoting renewable energy sources.

One of the main activities of Centrica Services Limited is the production and supply of gas and electricity to households and businesses in the UK. The company also offers energy management services, such as energy efficiency advice and smart meter installation, to help customers reduce their energy consumption and save money.

Centrica Services Limited has a strong sustainability program, with targets to reduce its own carbon emissions and those of its customers. The company has invested in renewable energy sources, such as wind and solar power, and offers green energy tariffs to its customers. It also has initiatives in place to promote energy efficiency and reduce waste.

The key people at Centrica Services Limited include the CEO Chris O'Shea and the Chairman Scott Wheway. They lead a team of dedicated employees who are committed to providing high-quality products and services while promoting sustainability.

Customers can contact Centrica Services Limited via their website, which also contains information about their products and services, sustainability efforts, and customer support. The registered office address for the company is Millstream, Maidenhead Road, Windsor, Berkshire SL4 5GD.

In summary, Centrica Services Limited is a leading energy company in the UK that is committed to sustainability and providing customers with efficient and eco-friendly energy solutions. With a strong focus on reducing carbon emissions and promoting renewable energy, the company is dedicated to making a positive impact on the environment and the communities it serves.

Financial Metrics

Cash
£0
Net Worth
-£22,849,000
Total Current Assets
£61,660,000
Total Current Liabilities
£104,977,000

Company Location