OVO S METERING LIMITED
Company Information
- Company Number
- SC318950
- Registered Address
- Cadworks, 41 West Campbell Street, Glasgow, Scotland, G2 6SE
- Status
- Dissolved
- Employee Count
- 1,394
- Turnover
- £112,400,000
- EBITDA
- £16,300,000
Additional Details
- Website
- https://sse.com
- Company Type
- Private limited Company
- Incorporated On
- 19 March 2007
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Coming Soon
- Region
- Scotland
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The trend for OVO (S) METERING LIMITED from 2018 to 2022 shows a consistent decrease in the average time taken to pay invoices, with the lowest average time of 25 days in the period of 2020-04-01 to 2020-09-30. This indicates an improvement in the company's efficiency in paying their invoices.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has decreased over the years, with the lowest volatility of 29% in the period of 2021-04-01 to 2021-12-31. This suggests that the company has become more consistent in paying their invoices within 30 days.
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 2022 - 30 Jun 2022 | 27 Jul 2022 | 29 | 93% | 5% | 2% | 9% |
| 01 Apr 2021 - 31 Dec 2021 | 26 Jan 2022 | 30 | 83% | 13% | 4% | 26% |
| 01 Oct 2020 - 31 Mar 2021 | 13 Jul 2021 | 29 | 54% | 35% | 11% | 66% |
| 01 Apr 2020 - 30 Sept 2020 | 13 Jul 2021 | 25 | 84% | 11% | 5% | 52% |
| 01 Oct 2019 - 31 Mar 2020 | 29 Apr 2020 | 28 | 79% | 15% | 6% | 42% |
| 01 Apr 2019 - 30 Sept 2019 | 29 Oct 2019 | 32 | 74% | 18% | 8% | 60% |
| 01 Oct 2018 - 31 Mar 2019 | 26 Apr 2019 | 36 | 64% | 26% | 10% | 59% |
| 01 Apr 2018 - 30 Sept 2018 | 29 Oct 2018 | 37 | 62% | 26% | 12% | 71% |
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
Our standard payment terms are 30 days after receipt of invoice. We hold individual agreements with some of our suppliers for differing terms ranging from immediate to the standard 30 days, and also direct debit payments.
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
30
Dispute Resolution Process
The Company has a dedicated accounts payable team, which can be reached by Email or Phone. Suppliers with invoice queries need to contact this team, and if the accounts payables ream is not able to resolve they escalate the issue to the buyer associated with the invoice. Disputes are handled by a combination of the accounts payable team and the buyer’s department who placed the order, and will be escalated to senior management if it cannot be resolved satisfactorily.
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
OVO (S) METERING LIMITED is a UK-based metering company that provides sustainable solutions for energy management. They offer a variety of products and services, with a strong focus on sustainability and reducing carbon emissions.
Their sustainability program includes initiatives such as promoting renewable energy sources, implementing energy-efficient technologies, and encouraging customers to reduce their energy usage. They also work closely with local communities to promote sustainable living and support environmental conservation efforts.
OVO (S) METERING LIMITED's products and services include smart meters, which allow customers to track their energy usage in real-time and make more informed decisions about their consumption. They also offer energy management software and services, helping businesses and households to monitor and reduce their energy consumption.
The key people in OVO (S) METERING LIMITED include CEO and founder Stephen Fitzpatrick, who has a background in renewable energy, and CFO Bill Castell, who brings years of financial expertise to the company.
The company's website is www.ovoenergy.com and their registered office address is OVO Energy, 1 Rivergate, Temple Quay, Bristol, BS1 6ED, United Kingdom. OVO (S) METERING LIMITED is committed to providing sustainable solutions for energy management and continues to innovate and expand their offerings in this field.
