ABERDEEN OFFSHORE WIND FARM LIMITED

Company Information

Company Number
SC278869
Registered Address
4 Jackson's Entry, Holyrood Road, Edinburgh, Scotland, EH8 8PJ
Status
Active
Employee Count
2.0
Turnover
104595000.0
EBITDA
94469000.0

Additional Details

Company Type
Private limited Company
Incorporated On
25 January 2005
Nature of Business
35110 - Production of electricity
Industries
Property,Infrastructure And Construction
Region
East of Scotland

Company Location

Google
Map data ©2025 Google
Map data ©2025 Google

Financial Metrics

Cash
£25,889,000.00
Net Worth
£139,608,000.00
Total Current Assets
£60,711,000.00
Total Current Liabilities
£155,113,000.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-02-04

Time to Pay

Average Time to Pay
18 days
Shortest Period:0 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
99%
31-60 Days
1%
After 60 Days
0%
Not Paid Within Terms51%

Payment Features

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

Payment Time Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 202109182736

Payment Distribution Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 20210255075100

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202304 Feb 20241899%1%0%51%
01 Jan 2023 - 30 Jun 202304 Feb 20242979%21%0%50%
01 Jul 2022 - 31 Dec 202213 Feb 20233194%6%0%33%
01 Jan 2022 - 30 Jun 202227 Jul 20223194%6%0%33%
01 Jul 2021 - 31 Dec 202102 Feb 20223097%2%1%44%
01 Jan 2021 - 30 Jun 202105 Aug 20213397%2%1%36%

Company Summary

ABERDEEN OFFSHORE WIND FARM LIMITED is a renewable energy company that specializes in offshore wind power

Based in Aberdeen, Scotland, the company was established in 2014 and has since become a leading player in the renewable energy industry

The company's main focus is on developing, constructing, and operating offshore wind farms, with the aim of providing clean and sustainable energy to the local community and beyond

They have a strong commitment to sustainability and reducing carbon emissions, and their projects have a significant impact on the reduction of fossil fuel usage

ABERDEEN OFFSHORE WIND FARM LIMITED's flagship project is the construction and operation of the Aberdeen Bay Wind Farm, which consists of 11 turbines generating enough electricity to power nearly 80,000 homes

This project has been a major contributor to Scotland's renewable energy targets and has received numerous awards for its innovative design and sustainable practices

The company's sustainability program includes initiatives such as using environmentally friendly materials in construction, minimizing waste and pollution, and promoting wildlife conservation in the areas where their wind farms are located

The key people behind ABERDEEN OFFSHORE WIND FARM LIMITED include their CEO, project managers, and a team of experienced engineers and technicians who oversee the planning, construction, and operation of their wind farms

To contact ABERDEEN OFFSHORE WIND FARM LIMITED, their website address is www.aberdeenoffshorewind.com and their registered office address is 17 Rubislaw Terrace, Aberdeen, AB10 1XE, Scotland

They can also be reached via email at info@aberdeenoffshorewind.com or by phone at +44 (0) 1224 576 000

Company Review

Trend Analysis

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.

Volatility Analysis

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.

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

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

Any other information about payment terms

N/A

Maximum contractual payment period agreed

60

Dispute Resolution Process

payment related disputes are handled by the respective contract manager or if such role does not exist for the given activity the project manager

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

BESbswy