Their own payment-practices filing · gov.uk
Lynemouth Power Limited paid suppliers in 52 days on average — within its stated 5–90 day terms
Their H2 2020 filing put the average 47 days past the shortest term they state (5 days), still within their 90-day upper term.
- Their stated terms
- 5–90 days
- Paid outside agreed terms
- 24% of invoices
- Paid after 61+ days
- 65%
- Reporting period
- 1 Jul 2020 – 31 Dec 2020
- Source
- their gov.uk filing, filed 29 Jan 2021
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H2 2020 filing
Paid within their stated range — 52 against 5–90 days
Where their invoices landed · share of all invoices
The read · computed from their figures
Lynemouth Power Limited's H2 2020 filing put their average at 52 days against stated terms of 5–90 days; 24% of invoices were paid outside agreed terms and 65% took 61 days or longer. Filed 29 Jan 2021.
That is 2 statutory periods on record (earliest H1 2020) — a historical record, not a promise for a new invoice.
In their own words · from the filing
Standard payment terms
Our shortest standard terms are associated with purchases of biomass which is used in the electricity generation process, these are with a number of different suppliers but are contractually payable between 5 and 10 business days. Our standard terms for suppliers which the majority of our suppliers are setup are the longest. These terms are net monthly account + 30 days from invoice date, therefore actually payment ranges from 60 to 90 days depending on when the invoice is dated within the month.
Dispute resolution
Disputes are usually considered when they are raised by the supplier, any dispute is firstly handled by the finance department and then referred to the procurement department if the dispute remains. When a new supplier is setup on our system they are required to sign off a supplier form which details address, account details and standard payment terms which they will be paid under. These are referred to when any disputes are raised and are quoted on purchase orders when they are sent out to suppliers.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H2 2020 | 52 | 24% | 65% | 29 Jan 2021 |
| H1 2020 | 52 | 26% | 68% | 7 Aug 2020 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 30 Nov 2011
- Registered office
- LYNEMOUTH POWER STATION, ASHINGTON, NE63 9NW
Illustrative · working-capital arithmetic
What a 52-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 52-day vs a 5-day payment cycle.
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 · Lynemouth Power Limited
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How UK payment reporting works
What is a Payment Practices Report?
What does "paid outside agreed terms" mean?
How often is this data updated?
Is this official government data?
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-07866585 · latest period to 31 Dec 2020
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