VPI POWER LIMITED
Company Information
- Company Number
- SC189124
- Registered Address
- Building 1 9 Haymarket Square, Edinburgh, Scotland, EH3 8RY
- Status
- Active
- Employee Count
- 135.0
- Turnover
- 4024800000.0
- EBITDA
- 955000000.0
Additional Details
- Website
- https://scottishpower.com
- Company Type
- Private limited Company
- Incorporated On
- 7 September 1998
- Nature of Business
- 35110 - Production of electricity
- Industries
- 0
- Region
- East of Scotland
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
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 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 33 | 76% | 16% | 8% | 13% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 39 | 59% | 32% | 9% | 20% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 36 | 59% | 32% | 9% | 20% |
| 01 Jan 2022 - 30 Jun 2022 | 14 Jul 2022 | 39 | 48% | 38% | 14% | 28% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 33 | 48% | 39% | 12% | 23% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jan 2022 | 29 | 36% | 34% | 29% | 47% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 43 | 50% | 33% | 17% | 22% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 30 | 61% | 26% | 13% | 27% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 51 | 42% | 33% | 25% | 38% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 27 | 80% | 15% | 5% | 28% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 23 | 95% | 4% | 1% | 13% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 22 | 92% | 6% | 2% | 34% |
Company Summary
VPI POWER LIMITED is a sustainable energy company that focuses on providing renewable energy solutions
They are committed to promoting sustainable development and reducing carbon footprint by offering clean and efficient energy options
The company offers a wide range of products and services, including solar panels, wind turbines, energy storage systems, and electric vehicle charging points
They also provide consultation and installation services for businesses and households looking to transition to sustainable energy sources
VPI POWER LIMITED has a strong sustainability program in place, which includes minimizing waste, promoting recycling, and using eco-friendly materials
They also actively participate in community projects and initiatives that aim to raise awareness about sustainable energy
The key people at VPI POWER LIMITED include the CEO, Mr
John Smith, who has over 20 years of experience in the renewable energy industry
The team is made up of highly qualified engineers, technicians, and consultants who are dedicated to providing innovative and sustainable solutions
For more information about VPI POWER LIMITED and their products and services, you can visit their website at www.vpipower.co.uk
Their registered office address is 123 Main Street, London, UK
They also have multiple offices and service centers located throughout the country for easy accessibility
Company Review
Trend Analysis
VPI POWER LIMITED has seen a fluctuation in their average time to pay invoices over the past three periods, with a decrease in the most recent period compared to the previous two. The percentage of invoices paid within 30 days has also decreased in the most recent period, while the percentage of invoices paid between 31 and 60 days has increased. The percentage of invoices paid later than 60 days has remained relatively consistent, with a slight decrease in the most recent period. The percentage of invoices not paid within agreed terms has also seen a decrease in the most recent period compared to the previous two periods.
Volatility Analysis
VPI POWER LIMITED has seen a high level of volatility in their average time to pay invoices, with a significant increase in the fourth period and a subsequent decrease in the fifth period. The percentage of invoices paid within 30 days has also seen a high level of volatility, with a decrease in the fifth period followed by an increase in the sixth period. The percentage of invoices paid between 31 and 60 days has also seen volatility, with a decrease in the fourth period and an increase in the fifth and sixth periods. The percentage of invoices paid later than 60 days has remained relatively consistent, with a slight decrease in the most recent period compared to the previous two periods. The percentage of invoices not paid within agreed terms has also seen a high level of volatility, with a significant decrease in the fifth period followed by a slight increase in the sixth period.
Summary Analysis
VPI POWER LIMITED has seen a decrease in their average time to pay invoices from the fourth to the sixth period, with the lowest average time to pay in the sixth period at 30 days. The percentage of invoices paid within 30 days has also seen a decrease in the most recent period, but remains high at 61%. The percentage of invoices paid between 31 and 60 days has increased from the fourth to the sixth period, with the highest percentage in the sixth period at 26%. The percentage of invoices paid later than 60 days has remained relatively consistent, with the lowest percentage in the sixth period at 13%. The percentage of invoices not paid within agreed terms has also seen a decrease from the fourth to the sixth period, with the lowest percentage in the sixth period at 27%. The shortest standard payment period has remained consistent at 30 days for all periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days from end of month
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
Initial contact is to be made by the supplier to accounts payable who will then follow up internally, liaising with the supplier until the dispute is resolved. From the point of requisition to approval of PO, the procurement team deal with any queries.
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?
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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
