LINCS WIND FARM LIMITED
Company Information
- Company Number
- SC213646
- Registered Address
- 13 Queens Road, Aberdeen, Scotland, AB15 4YL
- Status
- Active
- Employee Count
- 0
- Turnover
- £145,298,000
- EBITDA
- £82,039,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 11 December 2000
- Nature of Business
- 35110 - Production of electricity
- 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 | 20 | 84% | 10% | 6% | 13% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 43 | 75% | 11% | 14% | 11% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 38 | 45% | 44% | 11% | 49% |
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 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
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
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.
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
LINCS WIND FARM LIMITED is a renewable energy company based in the United Kingdom. The company is committed to sustainability and operates a wind farm off the coast of Lincolnshire.
Their sustainability program focuses on minimizing their environmental impact, promoting renewable energy, and supporting local communities. They have implemented various measures such as using low-impact construction techniques, conducting regular environmental assessments, and supporting local wildlife conservation projects.
The main product of LINCS WIND FARM LIMITED is clean and renewable energy generated by their wind turbines. They have a total installed capacity of 270 megawatts, which is enough to power around 200,000 homes and reduce carbon emissions by 500,000 tonnes annually.
The key people at LINCS WIND FARM LIMITED include the managing director, project managers, and a team of engineers and technicians who ensure the smooth operation of the wind farm. The company also employs local contractors and suppliers, creating job opportunities and supporting the local economy.
For any inquiries or information, LINCS WIND FARM LIMITED can be contacted through their website, www.lincswindfarm.co.uk, or their registered office address: 1 Tudor Street, London, EC4Y 0AH. Overall, LINCS WIND FARM LIMITED is dedicated to providing clean and sustainable energy while also being responsible stewards of the environment.
