FIRST HYDRO COMPANY
Company number: 02444277
Reporting period:
1 July 2025 to 31 December 2025
Report filed on:
28 January 2026
Approved by:
Simon Bateman
Payment statistics
Average time taken to pay invoices: 21 days
Total value paid:
- within 30 days: £42,189,143 (73%)
- in 31 to 60 days: £14,364,876 (25%)
- in 61 days or more: £977,232 (2%)
Invoices paid:
- within 30 days: 76%
- in 31 to 60 days: 16%
- in 61 days or more: 8%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £9,822,447
- payments due in the reporting period which have not been paid within the agreed period: 15%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
21 days
Longest standard payment period
61 days
Standard payment terms
i. the business’ standard payment terms, which must include: Electricity trading related invoices are paid in accordance with the timescales set out in the GTMA.
a. the standard contractual length of time for payment of invoices
For supplies of goods and services to the power stations and visitor centre, small &/or local suppliers, are paid within 21 days of receipt of a valid invoice.
b. maximum contractual payment period and any changes to the standard payment terms in the reporting period
All other suppliers are paid within 28 days of receipt of a valid invoice, unless specific alternative terms have been agreed at the contracting stage.
c. how suppliers have been notified or consulted on these changes
There has been no change to these terms during the reporting period.
All invoices should be sent directly to the Finance Department at Dinorwig Power Station.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
61 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
ii. the business’ process for resolving disputes related to payment
Any disputes are notified to suppliers on receipt of invoice. Invoices are treated as valid and passed for payment within the timescales above when the issues have been resolved.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
Yes
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
No
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No