SP DISTRIBUTION PLC

PaymentCheck Score 2025
81Good
6.3vs last year
#1678 in UK
#82 in Scotland

Company Information

Company Number
SC189125
Registered Address
320 St. Vincent Street, Glasgow, Scotland, G2 5AD
Status
Active
Employee Count
733
Turnover
£533,700,000
EBITDA
£210,900,000

Additional Details

Company Type
Public limited Company
Incorporated On
7 September 1998
Nature of Business
35130 - Distribution of electricity
Industries
Coming Soon
Region
Scotland

Time to Pay

Average Time to Pay
31 days
Shortest Period:30 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
79%
31-60 Days
18%
After 60 Days
3%
Not Paid Within Terms22%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2025-07-24
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202524 Jul 20253179%18%3%22%
01 Jul 2024 - 31 Dec 202428 Jan 20252994%3%3%11%
01 Jan 2024 - 30 Jun 202425 Jul 20243085%13%2%12%
01 Jul 2023 - 31 Dec 202325 Jan 20242694%4%2%17%
01 Jan 2023 - 30 Jun 202327 Jul 20232985%12%3%11%
01 Jul 2022 - 31 Dec 202226 Jan 20232891%7%2%18%
01 Jan 2021 - 30 Jun 202126 Jul 20212792%5%3%12%
01 Jan 2019 - 30 Jun 201926 Jul 20192593%5%2%15%
01 Jul 2018 - 31 Dec 201823 Jan 20192395%4%1%14%
01 Jan 2018 - 30 Jun 201826 Jul 20182485%13%2%33%

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

30 days from invoice date

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

At ScottishPower we try to resolve any invoice disputes or queries as quickly as possible. Queries regarding the status of an invoice can be directed to the Accounts Payable Team via the following email address; supplieraccounts@scottishpower.com. Additionally we also offer a web portal service that allows suppliers the ability to register and then login and view the status of their invoices and when they will be paid. To register for the web portal please use the following website; https://www.iberdrola.com/webprovc/register/register.action For specific contractual disputes please contact the individual who initially ordered the goods or services provided. The agreed contractual dispute process will then be followed.

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?

No information available

Company Summary

SP Distribution PLC is a UK-based distribution company that operates in the energy sector. They are responsible for the distribution of electricity to over 3.5 million customers in central and southern Scotland. They are a subsidiary of ScottishPower and are committed to providing sustainable and reliable energy services to their customers.

The company's sustainability program is centered around reducing their carbon footprint and promoting renewable energy sources. They have invested in renewable energy projects such as wind farms and hydroelectric plants, and have set ambitious targets to reduce their carbon emissions. In addition, they offer energy efficiency advice and assistance to customers to help them reduce their energy consumption and carbon footprint.

SP Distribution PLC offers a range of products and services to their customers, including electricity distribution, metering services, and connections to the grid for new developments. They also have a dedicated team to handle emergency situations, such as power outages, to ensure a quick and efficient response.

The key people at SP Distribution PLC include their CEO, Frank Mitchell, who has over 30 years of experience in the energy industry, and their Director of Networks, Guy Jefferson, who has over 20 years of experience in the sector.

The company's website address is www.spenergynetworks.co.uk, where customers can find information about their services, energy efficiency tips, and contact information. Their registered office address is 320 St. Vincent Street, Glasgow, G2 5AD.

In summary, SP Distribution PLC is a leading distribution company in the UK energy sector, committed to sustainability and providing reliable services to their customers. With their focus on renewable energy and energy efficiency, they are working towards a greener future for all.

Financial Metrics

Cash
£1,600,000
Net Worth
£692,500,000
Total Current Assets
£184,100,000
Total Current Liabilities
£392,800,000

Company Location