SSE RENEWABLES SERVICES UK LIMITED
Company Details
Registration Number
NI043294
Registered Address
Millennium House 25 Great Victoria Street Belfast Northern Ireland BT2 7AQ
Company Status
Active
Employee Count
436
Turnover
£61,687,000
EBITDA
£-8,401,000
Additional Information
Website
sse.com/Company Type
Private limited Company
Incorporated on
23 May 2002
Nature of Business (SIC)
35110 - Production of electricity
82990 - Other business support service activities not elsewhere classified
Industries
Energy storage, Energy utilities, Renewable energy
Region
Northern IrelandCompany Location
Financial Overview
£0
£102,426,000
Last Reporting Period
Filed
31 Oct 2023
Period
01 Apr 2023 - 30 Sep 2023
Payment Timing
Average Time to Pay
27 days
Payment Periods
Shortest
30 days
Longest
0 days
Max Contractual
40 days
Payment Timeline
Not Paid Within Terms
43%
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| 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 Apr 2023 - 30 Sep 2023 | 31 Oct 2023 | 27 | 84% | 9% | 7% | 43% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 34 | 77% | 12% | 11% | 55% |
| 01 Apr 2022 - 30 Sep 2022 | 31 Oct 2022 | 33 | 78% | 12% | 10% | 52% |
| 01 Oct 2021 - 31 Mar 2022 | 28 Apr 2022 | 43 | 66% | 18% | 16% | 59% |
Company Summary
SSE Renewables Services (UK) Limited is a renewable energy company based in the United Kingdom
They are a subsidiary of SSE plc, one of the UK's largest energy companies
The company offers a range of sustainable energy solutions and services to both domestic and commercial customers
Their sustainability program focuses on reducing carbon emissions and promoting clean energy sources
They have invested in wind power, hydro power, and other renewable energy sources, and have set targets to reduce their own carbon footprint
They also work with local communities to promote sustainable living and support environmental initiatives
SSE Renewables Services offers a variety of products and services to meet the growing demand for renewable energy
These include solar panel installation, wind turbine maintenance, and energy storage solutions
They also offer green energy tariffs, allowing customers to switch to renewable energy sources for their electricity and gas
The key people at SSE Renewables Services include their Managing Director, Jim Smith, and their Director of Operations, Ian Foy
They have a team of experienced engineers and renewable energy experts who work towards achieving the company's goals and providing high-quality services to their customers
For more information on SSE Renewables Services and their products and services, their website address is https://www.sserenewables.com/
Their registered office address is 55 Vastern Road, Reading, Berkshire, RG1 8BU, United Kingdom
Company Review
Trend Analysis
The data for SSE RENEWABLES SERVICES (UK) LIMITED shows a general trend of improvement in the company's average time to pay invoices. From October 2021 to September 2022, the average time to pay dropped from 43 days to 33 days. This trend continued in the following period, with an average time to pay of 34 days. The most recent period (April 2023 to September 2023) showed the biggest improvement, with an average time to pay of only 27 days.
Volatility Analysis
The data for SSE RENEWABLES SERVICES (UK) LIMITED also shows a general trend of decreasing volatility in the percentage of invoices paid within 30 days. In the first period (October 2021 to March 2022), 66% of invoices were paid within 30 days. This increased to 78% in the following period and remained steady at 77% in the third period. The most recent period showed the lowest volatility, with 84% of invoices paid within 30 days.
Summary Analysis
In summary, SSE RENEWABLES SERVICES (UK) LIMITED has shown a consistent improvement in their average time to pay invoices over the past three periods. The percentage of invoices paid within 30 days has also shown a steady increase, indicating a more efficient payment process. The company's performance in the most recent period (April 2023 to September 2023) was particularly strong, with the shortest average time to pay and the highest percentage of invoices paid within 30 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
SSE's standard payment terms are Nett 30 days but buyers are authorised to negotiate alternative terms with individual suppliers where appropriate.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Average time taken to pay invoices (days): 24 % Invoices paid (by Volume): •within 30 days: 87 •in 31 to 60 days: 8 •in 61 days or more: 5 % Invoices due but not paid within agreed terms (by Volume) 44
Maximum contractual payment period agreed
40
Dispute Resolution Process
The Dispute Resolution Process is detailed within the Accounts Payable section at http://sse.com/potential-suppliers/. Alternatively suppliers can also contact the "orderer" directly using the details provided on the Purchase Order
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?
❌
