Score of 97.1/100 qualifies for PaymentCheck Certification
DOUNREAY SITE RESTORATION LIMITED exhibits a very strong trend of prompt payments, with an impressive average payment time of just 13 days. A significant 95% of invoices are consistently settled within 30 days, indicating highly efficient and predictable payment practices. This consistent trajectory suggests a reliable payment partner for suppliers.
Payment reliability for this company is exceptionally high, with only 6% of payments classified as late, and a minimal 1% extending beyond 60 days. This very low incidence of delayed payments signifies minimal volatility and strong predictability in their payment patterns. Suppliers face very low risk of extended payment terms when dealing with DOUNREAY SITE RESTORATION LIMITED.
Based on their outstanding payment performance, DOUNREAY SITE RESTORATION LIMITED is highly recommended as a low-risk business partner for suppliers. Key decision factors include their consistent promptness and minimal late payments, ensuring excellent cash flow predictability. No specific risk mitigation strategies beyond standard contractual terms are suggested given their strong payment 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 Oct 2022 - 31 Mar 2023 | 25 Apr 2023 | 13 | 96% | 3% | 1% | 6% |
| 01 Oct 2021 - 31 Mar 2022 | 27 Apr 2022 | 14 | 94% | 5% | 1% | 9% |
| 01 Apr 2021 - 30 Sept 2021 | 22 Oct 2021 | 13 | 95% | 4% | 1% | 6% |
| 01 Oct 2020 - 31 Mar 2021 | 27 Apr 2021 | 18 | 89% | 8% | 3% | 15% |
| 01 Apr 2020 - 30 Sept 2020 | 22 Oct 2020 | 20 | 86% | 10% | 4% | 19% |
| 01 Apr 2019 - 31 Mar 2020 | 07 May 2020 | 26 | 89% | 9% | 2% | 25% |
| 01 Apr 2019 - 30 Sept 2019 | 29 Oct 2019 | 26 | 91% | 7% | 2% | 22% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 28 | 73% | 22% | 4% | 1% |
| 01 Apr 2018 - 30 Sept 2018 | 05 Dec 2018 | 27 | 86% | 11% | 3% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from invoice date on a correctly rendered invoice
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
30
Disputes are resolved with the cooperation of the appropriate project manager and the commercial department. The supplier is contacted for their information, and for their assistance in resolving the dispute. An independent adjudication process is available.
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
Dounreay Site Restoration Limited is a Companies House registered entity linked to the Dounreay nuclear site in Caithness, Scotland, and is recorded as dormant under SIC code 99999. The site itself has been rebranded: as the evidence states, Dounreay was replaced by Nuclear Restoration Services, part of the Nuclear Decommissioning Authority group. Nuclear Restoration Services is responsible for safely decommissioning 14 nuclear sites across the UK, including the Dounreay division, covering legacy waste management and site restoration activities. The registered company itself holds no current trading operations, with decommissioning and waste management work at Dounreay now carried out under the Nuclear Restoration Services name rather than this original registered entity.
Generated from the company's website and Companies House records. Sources: dounreay.com · dounreay.com