Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 86.7/100 qualifies for PaymentCheck Certification
CANADIAN SOLAR SSES (UK) LTD demonstrates a strong trend towards prompt payments, with an impressive average payment time of 23 days and 89% of invoices settled within 30 days. This indicates a consistent trajectory of settling obligations well within standard commercial terms, favoring reliable cash flow for suppliers.
While most payments are prompt, the 27% late payment rate and 11% extending beyond 30 days (including 3% over 60 days) introduce some volatility regarding absolute payment timeliness. This suggests a minor degree of unpredictability for a subset of invoices, rather than completely consistent on-time performance for all.
Overall, CANADIAN SOLAR SSES (UK) LTD presents a generally low payment risk profile, predominantly settling invoices well within 30 days. Suppliers can expect prompt payment for the vast majority of transactions, making this a favorable partner. To mitigate the minor risk of delayed payments, suppliers should establish clear payment terms and monitor invoices that fall into the small percentage exceeding 60 days.
| 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 Jan 2025 - 30 Jun 2025 | 25 Jul 2025 | 23 | 89% | 8% | 3% | 27% |
| 01 Jul 2024 - 31 Dec 2024 | 23 Jan 2025 | 20 | 90% | 8% | 2% | 23% |
| 01 Jan 2024 - 30 Jun 2024 | 23 Jul 2024 | 24 | 81% | 16% | 3% | 45% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Net 30 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
45
NA
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
Canadian Solar SSES (UK) Ltd is a UK subsidiary controlled by Canadian Solar Inc, the Canadian-founded group described as one of the world's largest solar photovoltaic products and energy solutions providers and a large-scale solar power plant developer. Its registered activities cover repair of electrical equipment, installation of industrial machinery and equipment, and wholesale of other machinery and equipment, indicating a role supporting the group's solar energy business in the UK, likely through equipment supply, installation and servicing rather than manufacturing itself. It is based in London and remains active, having been incorporated in December 2019 as part of the wider Canadian Solar corporate group.
Generated from the company's website and Companies House records. Sources: companiesintheuk.co.uk · find-and-update.company-information.service.gov.uk