Score of 90.1/100 qualifies for PaymentCheck Certification
The data for ABERDEEN OFFSHORE WIND FARM LIMITED shows a consistent trend of paying invoices within an average of 30-33 days, with a slight decrease in average time to pay in the most recent period (2023-07-01 to 2023-12-31). The percentage of invoices paid within 30 days has also remained consistently high at 94-99%, with a slight decrease in the most recent period. However, there has been a significant increase in the percentage of invoices paid between 31-60 days in the most recent period (2023-07-01 to 2023-12-31) compared to the previous periods.
The data for ABERDEEN OFFSHORE WIND FARM LIMITED shows low volatility in terms of average time to pay, with only a slight decrease in the most recent period. The percentage of invoices paid within 30 days also shows low volatility, with a consistent high percentage in all periods. The most volatile aspect of this data is the percentage of invoices paid between 31-60 days, which has shown a significant increase in the most recent period compared to the previous periods.
| 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 2024 - 31 Dec 2024 | 11 Feb 2025 | 28 | 98% | 2% | 0% | 45% |
| 01 Jan 2024 - 30 Jun 2024 | 15 Aug 2024 | 25 | 98% | 2% | 0% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 04 Feb 2024 | 18 | 99% | 1% | 0% | 51% |
| 01 Jan 2023 - 30 Jun 2023 | 04 Feb 2024 | 29 | 79% | 21% | 0% | 50% |
| 01 Jul 2022 - 31 Dec 2022 | 13 Feb 2023 | 31 | 94% | 6% | 0% | 33% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 31 | 94% | 6% | 0% | 33% |
| 01 Jul 2021 - 31 Dec 2021 | 02 Feb 2022 | 30 | 97% | 2% | 1% | 44% |
| 01 Jan 2021 - 30 Jun 2021 | 05 Aug 2021 | 33 | 97% | 2% | 1% | 36% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms are 60 days from the issue of the invoice. Exemption is reviewed depending on the particular scope of the contract.
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
Payment related disputes are handled by the respective Contract Manager or if such role does not exist for the given activity the Project Manager.
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
Aberdeen Offshore Wind Farm Limited is a Scottish-registered company whose stated business, per its SIC classification, is the production of electricity from renewable sources. Its name indicates a link to an offshore wind project near Aberdeen. The evidence gathered ties the company to Vattenfall, a European energy group that generates electricity and heat from wind, hydro, nuclear and solar power and is working towards a fossil-free energy system. This entity appears to operate as part of that wider Vattenfall group structure rather than as an independent trading business, functioning as a project-specific company within the group's renewable energy operations rather than carrying out the group's broader activities itself.
Generated from the company's website and Companies House records. Sources: vattenfall.com