SIEMENS GAMESA RENEWABLE ENERGY LIMITED
Company number: 10253129
Reporting period:
1 April 2026 to 30 September 2026
Report filed on:
3 November 2026
Approved by:
Ross Dean
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: 84 days
Total value paid:
- within 30 days: £55,199,087 (16%)
- in 31 to 60 days: £91,524,240 (26%)
- in 61 days or more: £201,644,701 (58%)
Invoices paid:
- within 30 days: 13%
- in 31 to 60 days: 32%
- in 61 days or more: 55%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £102,335,670
- payments due in the reporting period which have not been paid within the agreed period: 19%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
180 days
Standard payment terms
"Payment terms are assigned by the Business units on a case by case basis:- Payment terms usage : -
Intercompany transactions paid immediately in the in the month after the receipt of invoice. Intercompany clearing terms are available to Siemens companies
only and the clearing of such transactions is done without any transmission of money external to Siemens cash pool.
1. Orbian, supply Chain Finance Programme (SCF) - Payments are made to Supplier by Orbian immediately with deduction in payment to supplier which
Siemens then pay to Orbian at extended payment term date.
ORBIAN - 75 days 2%, 90 days 1%, 150/180 days 6% 180 days as the longest payment term in this category.
2. 3rd party payment terms <30 days 4%, 30 days 16%, 45 days 5%, 60 days 38%, 75 days 20%, 90 days 13%, 150 days 2%, Remainder of transactions were on
payment term with less than 2% occurrence. 180 days as the longest payment term in this category.
The payment statistics excluding the ICC transactions and Orbian are as follows :- Average time it took to pay an invoice 84 Days , Split of payments 0-30 days
13%, 31-60 days 32%, 61+days 55%"
Were there any changes to the standard payment terms in the reporting period?
External and Internal Vendors had payment terms changed
Were suppliers notified or consulted about these changes before they were made?
communication with suppliers
Maximum contractual payment period agreed
180 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
"1) Central Accounts Payable (AP) team for payment enquiries, contact points via e-mail/supplier portal. Relevant details are on Purchase Orders. E-mail
sgre_uki_ap_in@aphelpdesk.siemensgamesa.com
2) AP liaise with supplier to obtain and process missing invoices
a) Check existing systems (scan provider/e-invoice provider/invoice process queue to see if invoice already in query and/or returned to supplier)
3) AP liaise with suppliers to confirm payment details (past and upcoming)
4) AP liaise with approvers to release overdue invoices for payment
5) Special team deals with ‘final demand’ cases and legal notices"
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.
Yes
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