---
title: "RACE BANK WIND FARM LIMITED - Payment Practices"
date: 2026-03-26
url: https://paymentcheck.co.uk/company-search/05017828/race-bank-wind-farm-limited
description: "View payment practices for RACE BANK WIND FARM LIMITED. Average time to pay: 23 days."
---

# RACE BANK WIND FARM LIMITED

## Company Information

- **Company Number:** 05017828
- **Status:** Active
- **Company Type:** Private limited Company
- **Incorporated:** 16 January 2004
- **Registered Address:** 5 Howick Place, London, England, SW1P 1WG
- **Industry:** Energy
- **Region:** London

## Payment Statistics

- **Average Time to Pay:** 23 days
- **Invoices Paid Within 30 Days:** 89%
- **Invoices Paid Between 31-60 Days:** 9%
- **Invoices Paid Later Than 60 Days:** 2%
- **Invoices Not Paid Within Agreed Terms:** 15%

## Payment Terms

- **Standard Payment Terms:** Standard contractual length of time for payment of invoices are 30 days from invoice received date. The maximum contractual payment period is 60 days from invoice day.
- **Shortest Payment Period:** 15 days
- **Longest Payment Period:** 60 days
- **Maximum Contractual Period:** 60 days

## Payment Practices

- **Payment Terms Changed:** Not available
- **Suppliers Notified of Changes:** Not available
- **E-Invoicing Offered:** True
- **Supply Chain Financing Offered:** False
- **Participates in Payment Codes:** No

## Dispute Resolution

"The Parties will attempt to settle any dispute between them by entering into good-faith negotiations through the appropriate management level of governance in a timely manner. The Parties must as a minimum attend the first good-faith negotiations.

If a dispute is not resolved by prior negotiation, any dispute arising out of or in connection with the Agreement, including any disputes regarding the existence, validity or termination thereof, shall be settled by arbitration in accordance with the provisions of the Rules of the London Court of International Arbitration provided that:

a) one (1) arbitrator will be appointed;
b) the arbitrator applies the laws of England;
c) the arbitration shall be conducted in the English language; and
d) be held in London, England.

Any arbitration proceedings and decisions under the Agreement are confidential."

## Summary

Race Bank Wind Farm Limited is a private limited company operating in the offshore wind energy sector. The company takes its name from Race Bank, an offshore location in the North Sea, indicating its involvement in wind farm development and operation.

The company was incorporated on 16 January 2004 and is registered in London, England, under company number 05017828. Its registered office is located at 5 Howick Place, London, SW1P 1WG, and the company maintains an active status on the Companies House register.

Companies of this type in the UK wind energy sector are typically involved in the development, construction, ownership, and operation of offshore wind farm assets. This includes the generation of electricity from wind turbines installed at sea, contributing to the United Kingdom's renewable energy infrastructure and national grid supply.

As a private limited company, Race Bank Wind Farm Limited operates within the regulatory framework governing energy generation in the United Kingdom, including compliance with relevant environmental and energy legislation applicable to offshore wind installations.

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*Data sourced from official UK government payment practices reports. Last updated: 2026-03-26*