Their own payment-practices filing · gov.uk
Drax Hydro Limited paid suppliers in 77 days on average — 17 days past its stated terms
Their H1 2024 filing put the average 17 days past the 60-day term they state.
- Their stated terms
- 60 days
- Paid outside agreed terms
- 20% of invoices
- Paid after 61+ days
- 31%
- Reporting period
- 1 Jan 2024 – 30 Jun 2024
- Source
- their gov.uk filing, filed 30 Jul 2024
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2024 filing
Paid 17 days past their stated terms
Where their invoices landed · share of all invoices
The pattern · last 6 of 6 reports
115 → 77 days — faster across the window
The read · computed from their figures
Drax Hydro Limited's H1 2024 filing put their average at 77 days against stated terms of 60 days; 20% of invoices were paid outside agreed terms and 31% took 61 days or longer. Filed 30 Jul 2024.
The direction is faster: from 115 days in H2 2021 to 77 now — 38 days faster across their last 6 reports.
That is 6 statutory periods on record (earliest H2 2021) — a historical record, not a promise for a new invoice.
What they tell their suppliers
In their own words · from the filing
Standard payment terms
Drax Hydro standard contract payment terms are 60 days; however, terms are agreed with suppliers as part of contract negotiations. Payment runs are completed on a weekly basis whereby invoices falling into this category are picked up on the next BACS following due date.
Dispute resolution
On receipt of an invoice, Accounts Payable perform standard checks to confirm: - •The invoice is for Drax Hydro •We have authorised supplier details and bank account for payment •A Purchase Order (PO) number is quoted and matches an approved order number •The invoice details match the approved PO for quantity, price, and description of supply •The PO has been receipted •The invoice has not already been paid •We have received a copy of the invoice We target to complete these checks within 5 days of invoice receipt. If invoices are received on a timely basis and no queries arise from these checks, payment will be schedule by BACS in accordance with terms. Where queries arise, payment will be made by BACS once these queries are resolved. We target to resolve queries within 1
Other information
Drax Hydro offers reduced payment terms by credit card where accepted. Payment terms are agreed during contract negotiations.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2024 | 77 | 20% | 31% | 30 Jul 2024 |
| H2 2023 | 95 | 27% | 36% | 30 Jan 2024 |
| H1 2023 | 86 | 48% | 41% | 31 Jul 2023 |
| H2 2022 | 64 | 29% | 28% | 31 Jan 2023 |
| H1 2022 | 80 | 32% | 32% | 29 Jul 2022 |
| H2 2021 | 115 | 63% | 74% | 31 Jan 2022 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 16 Aug 2013
- Registered office
- DRAX POWER STATION, NORTH YORKSHIRE, YO8 8PH
Illustrative · working-capital arithmetic
What a 77-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 77-day vs a 60-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 · Drax Hydro 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-08654218 · latest period to 30 Jun 2024
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