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Their own payment-practices filing · gov.uk

Smartestenergy Limited pays suppliers in 15 days on average — within its stated 5–30 day terms

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

15daysavg time to pay · H1 2026

Their H1 2026 filing puts the average 10 days past the shortest term they state (5 days), still within their 30-day upper term.

Faster than mostvs a 31-day median across 6,104 recent filers
Their stated terms
5–30 days
Paid outside agreed terms
1% of invoices
Paid after 61+ days
0%
Reporting period
1 Oct 2025 – 31 Mar 2026
Source
their gov.uk filing, filed 22 Apr 2026

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

Terms vs reality · their H1 2026 filing

Paid within their stated range — 15 against 5–30 days

The pattern · last 6 of 16 reports

12 → 15 days — slowing down

The read · computed from their figures

Smartestenergy Limited's H1 2026 filing puts their average at 15 days against stated terms of 5–30 days; 1% of invoices were paid outside agreed terms and 0% took 61 days or longer. Filed 22 Apr 2026.

The direction is slower: from 12 days in H2 2023 to 15 now — 3 days slower across their last 6 reports.

On the latest reported averages: Faster than 87% of the 158 large companies reporting in electricity & gas.

That is 16 statutory periods on record (earliest H2 2018) — a historical record, not a promise for a new invoice.

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.

PeriodAvg daysOutside terms61+ daysFiled
H1 2026151%0%22 Apr 2026
H2 2025152%0%29 Oct 2025
H1 2025152%0%24 Apr 2025
H2 2024135%0%29 Oct 2024
H1 2024122%0%26 Apr 2024
H2 2023122%0%23 Oct 2023
H1 2023101%0%28 Apr 2023
H2 2022102%0%27 Oct 2022
H1 2022102%0%28 Apr 2022
H2 2021112%0%29 Oct 2021
H1 2021131%0%30 Apr 2021
H2 2020121%0%26 Oct 2020
H1 2020141%0%27 Apr 2020
H2 2019132%0%31 Oct 2019
H1 2019151%0%26 Apr 2019
H2 2018152%0%26 Oct 2018

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.

Illustrative · working-capital arithmetic

What a 15-day cycle ties up

A worked example, not a finding. 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 (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 · Smartestenergy Limited

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 filed report puts the average at day 15; across their last 6 reports it ranged 12–15 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.
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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-03994598 · latest period to 31 Mar 2026

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