Their own payment-practices filing · gov.uk

How long does Smartestenergy Limited take to pay its suppliers?

CRN 03994598 · Electricity & gas · 16 statutory reports on record · period to 31 Mar 2026

15days

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.

On the public register · Companies House

Company record

Status: Active
Type: Private Limited Company
Incorporated: 16 May 2000
Registered office: THE COLUMBUS BUILDING, LONDON, E14 4HD

1 outstanding charge — secured borrowing registered Accounts due 31 Dec 2026

Open the full record at Companies House.

Terms vs reality

Stated terms: 5–30 days. Reported average: 15.

Stated terms5–30d

+10 days

Reported avg15d

At a glance

The key figures

5–30d

their stated terms

invoices paid outside terms

+3d

slower over the window

±1d

steady pattern

Vs peers · latest reported averages

fasterslower

Faster than 88% of the 161 large companies reporting in electricity & gas.

The pattern

Getting slower

Average days to pay across their last 6 statutory reports.

terms 5d

H2 2023H1 2024H2 2024H1 2025H2 2025H1 2026

Where their supplier invoices land · latest period

within 30 days 99% 31–60 days 1% 61+ days 0%

The read · computed from their figures

Smartestenergy Limited has filed 16 statutory payment periods (earliest H2 2018). Their latest report puts the average at 15 days against stated terms of 5–30 days.

The direction is slower: from 12 to 15 days over the window — about 3 days slower.

In the latest period 1% of invoices were paid outside their agreed terms, and 0% landed 61+ days out.

In their own words · from the filing

Standard payment terms

5days for wholesale power/gas invoice settlement 10days for power purchase invoice settlement 14days for certain industry costs settlement 30days for operating and capital expenditure purchases

Dispute resolution

Invoices related to wholesale power/gas settlement, power purchase, operating and capital expenditure Invoices are matched to a purchase order/billing document on receipt. Should the invoice and order/billing document not match, the AP Accounts Assistant will liaise with the relevant settlement team to confirm the correct information and work with the supplier to enable the correct payment to be made. In the event the AP Accounts Assistant is not able to agree with the supplier, the dispute is escalated to a Customer Service Executive. Should the payment query still not be resolved, it will be referred to our VP Finance for further consideration. Upon resolution the invoice is placed on the next available payment run. Remittance advices are sent via e-mail to each supplier. This is i

Other information

"SmartestEnergy Ltd operates a daily payment run and captures all undisputed invoices due for payment in 3+ days time. Payments are generally made by BACS and suppliers receive payment within 3 days from the day of payment approval. When any invoice becomes overdue (following a dispute resolution or for operational reasons) and it is approved for payment, it will be settled via CHAPS to reduce number of overdue days. Some key suppliers have a mandatory payment method of Direct Debit. These suppliers are always paid per contractual payment terms, whether invoices are in dispute or not. Our average agreed payment terms of 15 days with an actual of 15 days clearly demonstrates SmartestEnergy Ltd pays its suppliers on a timely basis."

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H1 2026	15	1%	0%	22 Apr 2026
H2 2025	15	2%	0%	29 Oct 2025
H1 2025	15	2%	0%	24 Apr 2025
H2 2024	13	5%	0%	29 Oct 2024
H1 2024	12	2%	0%	26 Apr 2024
H2 2023	12	2%	0%	23 Oct 2023
H1 2023	10	1%	0%	28 Apr 2023
H2 2022	10	2%	0%	27 Oct 2022
H1 2022	10	2%	0%	28 Apr 2022
H2 2021	11	2%	0%	29 Oct 2021
H1 2021	13	1%	0%	30 Apr 2021
H2 2020	12	1%	0%	26 Oct 2020
H1 2020	14	1%	0%	27 Apr 2020
H2 2019	13	2%	0%	31 Oct 2019
H1 2019	15	1%	0%	26 Apr 2019
H2 2018	15	2%	0%	26 Oct 2018

Working-capital effect

What a 15-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 15-day vs a 5-day payment cycle.

≈ £6,000

of invoicing outstanding at any one time on a 15-day cycle — about £3,900 more than the same account would carry at 5-day terms.

Late Payment Act. The Late Payment of Commercial Debts Act 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

Are they getting slower or faster?

Their reported average has moved about 3 days slower over the window (12 → 15 days).

What's their typical pay point?

Their latest reports average around day 15, 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-03994598 · latest period to 31 Mar 2026

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