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Their own payment-practices filing · gov.uk

How long does First Hydro Company take to pay its suppliers?

CRN 02444277 · Electricity & gas · 17 statutory reports on record · period to 30 Jun 2026

21days
their reported average time to pay suppliers, latest period
Faster than mostvs a 31-day median across 6,185 recent filers

Self-reported figure from their statutory filing. How this is compiled.

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On the public register · Companies House

Company record

Status
Active
Type
Private Unlimited Company
Incorporated
17 Nov 1989
Registered office
DINORWIG POWER STATION, GWYNEDD, LL55 4TY
1 outstanding charge — secured borrowing registered

Open the full record at Companies House.

Terms vs reality

Stated terms: 21–61 days. Reported average: 21.

Stated terms21–61d
on terms
Reported avg21d

At a glance

The key figures

21–61d
their stated terms
17%
invoices paid outside terms
+3d
slower over the window
±1d
steady pattern

Vs peers · latest reported averages

fasterslower
Faster than 75% of the 161 large companies reporting in electricity & gas.

The pattern

Getting slower

Average days to pay across their last 6 statutory reports.

terms 21d
18
21
21
22
21
21
H2 2023H1 2024H2 2024H1 2025H2 2025H1 2026

Where their supplier invoices land · latest period

within 30 days 84% 31–60 days 11% 61+ days 5%

The read · computed from their figures

First Hydro Company has filed 17 statutory payment periods (earliest H1 2018). Their latest report puts the average at 21 days against stated terms of 21–61 days.

The direction is slower: from 18 to 21 days over the window — about 3 days slower.

In the latest period 17% of invoices were paid outside their agreed terms, and 5% landed 61+ days out.

What they tell their suppliers

Offers e-invoicing

In their own words · from the filing

Standard payment terms

i. the business’ standard payment terms, which must include: Electricity trading related invoices are paid in accordance with the timescales set out in the GTMA. a. the standard contractual length of time for payment of invoices For supplies of goods and services to the power stations and visitor centre, small &/or local suppliers, are paid within 21 days of receipt of a valid invoice. b. maximum contractual payment period and any changes to the standard payment terms in the reporting period All other suppliers are paid within 28 days of receipt of a valid invoice, unless specific alternative terms have been agreed at the contracting stage. c. how suppliers have been notified or consulted on these changes There has been no change to these terms during the reporting period. A

Dispute resolution

ii. the business’ process for resolving disputes related to payment Any disputes are notified to suppliers on receipt of invoice. Invoices are treated as valid and passed for payment within the timescales above when the issues have been resolved.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 20262117%5%14 Jul 2026
H2 20252115%8%28 Jan 2026
H1 20252212%1%9 Jul 2025
H2 2024219%0%29 Jan 2025
H1 2024218%0%11 Jul 2024
H2 2023189%0%16 Jan 2024
H1 20232110%1%13 Jul 2023
H2 2022177%19%20 Jan 2023
H1 2022208%0%20 Jan 2023
H2 2021197%2%18 Jan 2022
H1 20211910%2%26 Jul 2021
H2 2020238%12%25 Jan 2021
H1 20202722%6%30 Jul 2020
H2 20192111%2%30 Jan 2020
H1 20192211%2%29 Jul 2019
H2 2018218%2%31 Jan 2019
H1 2018209%0%23 Jul 2018

Quick answers

Are they getting slower or faster?
Their reported average has moved about 3 days slower over the window (18 → 21 days).
What's their typical pay point?
Their latest reports average around day 21, moving within about ±1 days. Treat that as a historical reference point, not a promise for a new invoice.
Can I see what this means for my invoices?
Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.

Stay ahead

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How UK payment reporting works

What is a Payment Practices Report?
UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.
What does "paid outside agreed terms" mean?
The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.
How often is this data updated?
Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.
Is this official government data?
The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-02444277 · latest period to 30 Jun 2026

Verify the original Companies House file

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