Score of 92.4/100 qualifies for PaymentCheck Certification
WALNEY EXTENSION PSC LIMITED demonstrates a strong average payment time of 20 days, well within standard net-30 terms, indicating generally prompt payment behaviour. The concentration of 93% of payments within 30 days confirms that fast settlement is the dominant pattern for this company. However, the 7% of payments falling into the 31-60 day bracket suggests occasional delays, though nothing extends beyond 60 days.
The late payment rate of 27% is a notable concern and stands in contrast to the otherwise positive average payment time of 20 days, suggesting that while most payments are processed quickly, a significant minority miss agreed terms. This discrepancy may indicate inconsistent internal approval processes or disputed invoices rather than systemic financial difficulty, given that no payments exceed 60 days. Suppliers should factor this unpredictability into cash flow planning, as more than one in four invoices carries a risk of late settlement.
Overall, WALNEY EXTENSION PSC LIMITED presents a moderate-to-low payment risk profile, with strong average payment speed offset by a 27% late payment rate that warrants attention. Suppliers can reasonably expect payment within 30 days in the majority of cases, but should build contingency into cash flow forecasts to accommodate the likelihood of late payment on a material proportion of invoices. To mitigate risk, suppliers are advised to establish clear payment terms in contracts, monitor invoice status proactively, and consider early payment incentives to encourage consistent on-time settlement.
| 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 | 27 Mar 2026 | 24 | 100% | 0% | 0% | 0% |
| 01 Jan 2025 - 30 Jun 2025 | 27 Mar 2026 | 25 | 81% | 19% | 0% | 0% |
| 01 Jul 2024 - 31 Dec 2024 | 27 Mar 2026 | 22 | 80% | 20% | 0% | 5% |
| 01 Jan 2024 - 30 Jun 2024 | 27 Mar 2026 | 23 | 73% | 27% | 0% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 27 Mar 2026 | 22 | 95% | 5% | 0% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Mar 2026 | 21 | 94% | 0% | 6% | 6% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Mar 2026 | 15 | 100% | 0% | 0% | 4% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Mar 2026 | 16 | 97% | 3% | 0% | 7% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Mar 2026 | 21 | 94% | 6% | 0% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Mar 2026 | 20 | 93% | 7% | 0% | 27% |
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
WALNEY EXTENSION PSC LIMITED is a private limited company operating in connection with the Walney Extension, one of the world's largest offshore wind farms located off the coast of Cumbria. The company's name references a Project Special Company (PSC) structure, which is a dedicated corporate entity established to manage interests and obligations relating to a specific infrastructure or energy project.
The company is registered in England and Wales under company number 10899436, with its registered office located at 5 Howick Place, London, SW1P 1WG. It was incorporated on 4 August 2017 and remains an active company.
Project Special Companies of this nature in the UK energy sector are typically established to hold, manage, and administer interests associated with large-scale energy infrastructure projects. Such entities serve as defined legal and financial structures that separate project-specific liabilities and assets from those of parent organisations, providing clarity of ownership and governance over the project's operational and contractual obligations.