POWERDAY PLC
Company number: 01509382
Reporting period:
1 February 2026 to 31 July 2026
Report filed on:
1 September 2026
Approved by:
Michael Crossan
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 36 days
Total value paid:
- within 30 days: £13,461,342 (58%)
- in 31 to 60 days: £9,204,931 (40%)
- in 61 days or more: £538,904 (2%)
Invoices paid:
- within 30 days: 37%
- in 31 to 60 days: 59%
- in 61 days or more: 4%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £16,356,193
- payments due in the reporting period which have not been paid within the agreed period: 73%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
30 days from invoice
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
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Powerday PLC aims to resolve payment disputes promptly and fairly.
Where a supplier raises a query or dispute regarding an invoice or payment, this should be directed to our Accounts Payable team in the first instance. The team will review the invoice, purchase order and any supporting documentation and, where necessary, liaise with the relevant operational or departmental contact to resolve the query.
Suppliers are contacted where further information, clarification or documentation is required. Once a dispute has been resolved and the invoice is approved for payment, it is processed in accordance with the agreed payment terms and the next appropriate payment run.
Where a dispute cannot be resolved by the Accounts Payable team, it is escalated to the appropriate manager and, where required, to senior management or the Finance team for review.
Powerday PLC seeks to maintain open communication with suppliers throughout the process and to resolve genuine payment disputes as quickly as reasonably practicable.
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.
No
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