---
title: "ORSTED RACE BANK (HOLDING) LIMITED - Payment Practices"
date: 2026-03-30
url: https://paymentcheck.co.uk/company-search/10272657/orsted-race-bank-holding-limited
description: "View payment practices for ORSTED RACE BANK (HOLDING) LIMITED. Average time to pay: 27 days."
---

# ORSTED RACE BANK (HOLDING) LIMITED

## Company Information

- **Company Number:** 10272657
- **Status:** Active
- **Company Type:** Private limited Company
- **Incorporated:** 11 July 2016
- **Registered Address:** 5 Howick Place, London, United Kingdom, SW1P 1WG
- **Industry:** Energy
- **Region:** London

## Payment Statistics

- **Average Time to Pay:** 27 days
- **Invoices Paid Within 30 Days:** 69%
- **Invoices Paid Between 31-60 Days:** 31%
- **Invoices Paid Later Than 60 Days:** Not available%
- **Invoices Not Paid Within Agreed Terms:** 24%

## 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

Orsted Race Bank (Holding) Limited is a private limited company operating within the offshore wind energy sector. The company serves as a holding entity associated with the Race Bank offshore wind farm project, which forms part of Ørsted's portfolio of renewable energy developments in the United Kingdom.

The company is registered in England and Wales under company number 10272657 and maintains its registered office at 5 Howick Place, London, SW1P 1WG. It was incorporated on 11 July 2016 and holds active status on the Companies House register.

As a holding company within the renewable energy sector, Orsted Race Bank (Holding) Limited fulfils a structural corporate function, holding interests and assets related to the Race Bank offshore wind farm development. Such holding entities are commonly used within large-scale infrastructure and energy projects to organise ownership, manage project finance arrangements, and provide a clear corporate structure for complex development activities.

Ørsted is a globally recognised developer of offshore wind energy, and its UK operations contribute to the country's renewable energy infrastructure. The Race Bank offshore wind farm is situated off the coast of Norfolk and Lincolnshire, representing a significant installation within the United Kingdom's growing portfolio of offshore wind capacity.

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*Data sourced from official UK government payment practices reports. Last updated: 2026-03-30*