Score of 85.2/100 qualifies for PaymentCheck Certification
HORNSEA 1 PSC LIMITED demonstrates a stable and consistent payment pattern, with an average payment time of 26 days and all invoices settled within 60 days. The payment distribution shows 55% of invoices paid within 30 days and the remaining 45% falling within the 31-60 day window, indicating a predictable two-tier payment cycle. The complete absence of late payments or invoices exceeding 60 days reflects a disciplined and reliable payment approach over time.
Payment behaviour is notably low-risk, with zero late payments and no instances of extended delays beyond 60 days, suggesting strong financial controls and consistent cash flow management. The 45% of payments in the 31-60 day bracket introduces moderate variability, meaning suppliers should anticipate that nearly half of invoices may not be settled within standard 30-day terms. This split pattern is predictable rather than erratic, allowing suppliers to plan cash flow with reasonable confidence around the 26-day average.
HORNSEA 1 PSC LIMITED presents a low-risk payment profile and can be considered a reliable trading partner, supported by a 26-day average and a clean record of no late or overdue payments. Suppliers operating on strict 30-day terms should note the 45% likelihood of payment extending into the 31-60 day range and may wish to factor this into cash flow forecasting. To mitigate any timing uncertainty, suppliers could consider aligning payment terms to 45 days or including clear invoice follow-up protocols at the 30-day mark.
| 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 | 23 | 69% | 31% | 0% | 0% |
| 01 Jan 2025 - 30 Jun 2025 | 27 Mar 2026 | 19 | 72% | 28% | 0% | 6% |
| 01 Jul 2024 - 31 Dec 2024 | 27 Mar 2026 | 33 | 79% | 14% | 7% | 7% |
| 01 Jan 2024 - 30 Jun 2024 | 27 Mar 2026 | 21 | 71% | 29% | 0% | 3% |
| 01 Jul 2023 - 31 Dec 2023 | 27 Mar 2026 | 23 | 71% | 29% | 0% | 3% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Mar 2026 | 21 | 96% | 4% | 0% | 4% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Mar 2026 | 22 | 88% | 12% | 0% | 12% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Mar 2026 | 21 | 83% | 17% | 0% | 11% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Mar 2026 | 32 | 17% | 83% | 0% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Mar 2026 | 26 | 55% | 45% | 0% | 0% |
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.
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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
HORNSEA 1 PSC LIMITED is a private limited company associated with the Hornsea 1 offshore wind farm project, one of the United Kingdom's major renewable energy developments located in the North Sea. The company operates within the energy sector, with its name reflecting a connection to project and service coordination activities related to this significant infrastructure undertaking.
The company is registered in England and Wales under company number 11116433, with its registered office located at 5 Howick Place, London, SW1P 1WG. HORNSEA 1 PSC LIMITED was incorporated on 18 December 2017 and maintains an active status.
Private limited companies of this nature, operating within the offshore wind and renewable energy sector, typically provide specialist project management, contractual, and operational support functions associated with large-scale energy infrastructure. Such organisations play a structured role in the delivery and administration of offshore wind developments across the UK.