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Their own payment-practices filing · gov.uk

Rwe Cogen UK Limited paid suppliers in 32 days on average — within its stated 1–60 day terms

CRN 02624987 · 1 statutory report on record · period to 30 Jun 2018

Dated record. The latest report covers a period ending 30 Jun 2018 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.
32daysavg time to pay · H1 2018

Their H1 2018 filing put the average 31 days past the shortest term they state (1 days), still within their 60-day upper term.

Their stated terms
1–60 days
Paid outside agreed terms
25% of invoices
Paid after 61+ days
1%
Reporting period
1 Jan 2018 – 30 Jun 2018
Source
their gov.uk filing, filed 30 Jul 2018

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

Terms vs reality · their H1 2018 filing

Paid within their stated range — 32 against 1–60 days

The read · computed from their figures

Rwe Cogen UK Limited's H1 2018 filing put their average at 32 days against stated terms of 1–60 days; 25% of invoices were paid outside agreed terms and 1% took 61 days or longer. Filed 30 Jul 2018.

That is one statutory period on record (earliest H1 2018) — a historical record, not a promise for a new invoice.

What they tell their suppliers

Offers e-invoicing

In their own words · from the filing

Standard payment terms

RWE Cogen UK Ltd shall pay the charges (excluding any disputed amounts) for trade suppliers within 60 days of receipt of an accurate and valid VAT invoice, unless agreed otherwise with a trade supplier. An accurate and valid invoice is one that has been approved for payment and entered onto the payment system.

Dispute resolution

Invoices that cannot be validated are queried out to the business. Vendors should contact the Shared Service Centre help desk in the first instance with any queries. A ticketing solution is used to monitor queries where the answer is not provided instantly. In case of queries relating to payments, vendors contact our Shared Service Centre to register under our Business dispute resolution process.

Other information

Payment terms are subject to negotiation with the supplier or contractor and RWE's preferred payment terms are 60 days.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 20183225%1%30 Jul 2018

Illustrative · working-capital arithmetic

What a 32-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 32-day vs a 1-day payment cycle.

≈ £12,500
of invoicing outstanding at any one time on a 32-day cycle — about £12,200 more than the same account would carry at 1-day terms.

Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.

Quick answers · Rwe Cogen UK Limited

What's their typical pay point?
Their latest reports averaged around day 32. 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.
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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 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-02624987 · latest period to 30 Jun 2018

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