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Company number: 04229146

Reporting period:
1 January 2021 to 30 June 2021

Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 28 July 2021

and approved by Martin Beattie

Payment statistics

Average time taken to pay invoices: 40 days

Invoices paid:

Invoices due but not paid within agreed terms: 0 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

31 days

Standard payment terms

Our standard payment terms are 30 days net end of month although in some cases payment terms are shorter, where typical payment would be on direct debit, which our banking arrangements prohibit. At Marchwood Power we have one set of standard contracts with one standard for payment terms, irrespective of the type of goods/services/construction being procured and the standard terms which may exist in some of these markets. Our standard payment terms are 30 days net end of month of the invoice date. If a valid invoice is received promptly at the correct address, quoting a valid purchase order it will be included within the relevant payment run. We would only ever knowingly pay outside these terms with the prior consent of the supplier which may be required from time to time for ad hoc reasons e.g. awaiting insurance settlement monies.
The correct invoicing address, which is quoted on all purchase orders is; Oceanic Way, Marchwood Industrial Park, Marchwood, SO40 4BD.

Were there any changes to the standard payment terms in the reporting period?


Maximum contractual payment period agreed

31 days

Any other information about payment terms


Dispute resolution process

At Marchwood Power we try to resolve any invoice disputes or queries as quickly as possible. Queries regarding the status of an invoice can be directed to the Accounts Payable Team via the following email address;
We do not offer a web portal service.
For specific contractual disputes please contact the individual who initially ordered the goods or services provided. The agreed contractual dispute process will then be followed.

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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.


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.


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.


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?


During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?