BRITISH ENERGY LIMITED
Company Information
- Company Number
- SC162273
- Registered Address
- 6 Atlantic Quay, Glasgow, Scotland, G2 8JB
- Status
- Dissolved
- Employee Count
- 0
- Turnover
- £0
- EBITDA
- £0
Additional Details
- Website
- https://british-energy.com
- Company Type
- Private limited Company
- Incorporated On
- 13 December 1995
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Energy
- Region
- Scotland
Time to Pay
Payment Timeline
Payment Features
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 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 50 | 8% | 88% | 5% | 10% |
| 01 Jul 2018 - 31 Dec 2018 | 22 Jan 2019 | 52 | 7% | 77% | 16% | 29% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 50 | 6% | 73% | 21% | 51% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms are 60 days from receipt of invoice. 60 days is also the maximum contractual payment period. By negotiation or other exception some suppliers are paid on terms less than 60 days. EDF Energy operates a process of paying twice each week with some invoices paid slightly early and some slightly late. For example a payment made on Thursday will have invoices for Wednesday, Thursday, Friday and Saturday included with Wednesday being “late” but Friday and Saturday “early”. Over the supplier base and over time this averages out to zero days late for cases where there no problem with the invoice. Across the UK business as a whole we have between 5 – 10% late payments on this basis. There have been no changes to the standard payment terms during this reporting period.
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
Dispute Resolution Process
Suppliers must contact the individual named on the purchase order. After that a resolution is achieved based on the relevant provisions set out in the contract.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
British Energy Limited is a leading energy company in the United Kingdom. It is a subsidiary of the French company EDF Energy, and is headquartered in London, England.
The company's main activities include the generation and supply of electricity, as well as the operation of nuclear power plants. They have a diverse portfolio of power stations, including nuclear, coal, gas and renewable energy sources. They also offer energy management and energy efficiency solutions to their customers.
British Energy Limited is committed to sustainability and has a strong focus on reducing their carbon footprint. They have implemented various environmental initiatives, such as investing in renewable energy sources and reducing their greenhouse gas emissions. They also have a comprehensive sustainability program in place, which includes targets for reducing waste, increasing energy efficiency, and promoting biodiversity.
The company's key people include the CEO, Simone Rossi, and the Chairman, Jean-Bernard Lévy. They have a team of highly skilled and experienced professionals who are dedicated to providing reliable and sustainable energy solutions to their customers.
For more information on British Energy Limited and their products and services, please visit their website at www.british-energy.co.uk. Their registered office address is 40 Grosvenor Place, London, SW1X 7EN, United Kingdom.
