HORNSEA TWO PSC LIMITED demonstrates a solid average payment time of 23 days, well within the standard 30-day threshold. The payment distribution shows that 56% of payments are made within 30 days, with the remaining 44% falling in the 31–60 day window, indicating a consistent but slightly split payment behaviour. Notably, there are zero payments exceeding 60 days and zero late payments, suggesting a disciplined and controlled payment process.
The complete absence of late or overdue payments beyond 60 days reflects a highly reliable payment profile with minimal financial risk to suppliers. However, the near-even split between the under-30 and 31–60 day brackets introduces a moderate degree of unpredictability in exact settlement timing. Suppliers should note that while payments are always made, roughly four in ten invoices will stretch closer to the 60-day mark, which may have cash flow implications.
Overall, HORNSEA TWO PSC LIMITED represents a low-risk customer with a strong track record of honouring payments within agreed terms and no history of delinquency. Suppliers comfortable with payment cycles of up to 60 days can engage with confidence, though those with tighter liquidity requirements should factor in the 44% probability of settlement extending beyond 30 days. As a risk mitigation measure, suppliers may consider negotiating clear payment term confirmations upfront or offering early payment incentives to encourage settlement within the 30-day window.
| 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 | 26 Mar 2026 | 22 | 73% | 27% | 0% | 12% |
| 01 Jan 2025 - 30 Jun 2025 | 26 Mar 2026 | 28 | 47% | 53% | 0% | 0% |
| 01 Jul 2024 - 31 Dec 2024 | 26 Mar 2026 | 22 | 50% | 50% | 0% | 0% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Mar 2026 | 23 | 56% | 44% | 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
No additional information
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 TWO PSC LIMITED is a private limited company operating in connection with the Hornsea Two offshore wind farm project. The company's name references Hornsea Two, one of the world's largest offshore wind farms located off the Yorkshire coast, with "PSC" indicating its role in the project's corporate and ownership structure.
The company is registered in England and Wales under company number 13794536, with its registered office located at 5 Howick Place, London, England, SW1P 1WG. HORNSEA TWO PSC LIMITED was incorporated on 10 December 2021 and holds active status.
As a private limited company within the offshore wind energy sector, this type of entity typically serves a defined corporate function within a larger project ownership or financing structure. Such companies are commonly established to manage specific aspects of large-scale energy infrastructure projects, including ownership interests, project obligations, or contractual arrangements associated with major wind energy developments.
London remains a central hub for the administrative and corporate functions of major energy infrastructure projects operating across the United Kingdom, reflecting the capital's significance as a base for the energy industry's corporate and financial operations.