AKER SOLUTIONS ANGOLA LIMITED
Company Information
- Company Number
- 00320535
- Registered Address
- 1 Park Row, Leeds, United Kingdom, LS1 5AB
- Status
- Active
- Employee Count
- 113
- Turnover
- £29,594,000
- EBITDA
- £8,952,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 10 November 1936
- Nature of Business
- 28990 - Manufacture of other special-purpose machinery not elsewhere classified
- Industries
- Coming Soon
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The data shows that, on average, AKER SOLUTIONS ANGOLA LIMITED has taken longer to pay invoices over the past three periods. In the first period (2018-01-01 to 2018-06-30), the average time to pay was 113 days, which increased to 167 days in the most recent period (2020-07-01 to 2020-12-31). This represents an increase of 47.8%. The trend appears to be fluctuating, with some periods showing improvements and others showing longer payment times.
Volatility Analysis
The volatility of AKER SOLUTIONS ANGOLA LIMITED's payment times is evident in the fluctuations of the percentage of invoices paid within 30 days and the percentage of invoices paid later than 60 days. In the first period (2018-01-01 to 2018-06-30), 11% of invoices were paid within 30 days, while in the most recent period (2020-07-01 to 2020-12-31), this number increased to 34%. On the other hand, the percentage of invoices paid later than 60 days increased from 64% in the first period to 84% in the most recent period.
Summary Analysis
Over the past three periods, AKER SOLUTIONS ANGOLA LIMITED has seen an increase in the average time it takes to pay invoices. In the first period (2018-01-01 to 2018-06-30), the average time to pay was 113 days, which increased to 167 days in the most recent period (2020-07-01 to 2020-12-31). This represents an increase of 47.8%. However, there have been improvements in some periods, such as the increase in the percentage of invoices paid within 30 days in the most recent period (2020-07-01 to 2020-12-31). The worst period in terms of paying invoices later than 60 days was the most recent period, with 84% of invoices being paid late.
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2022 - 30 Jun 2022 | 11 Jul 2022 | 46 | 46% | 31% | 23% | 68% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 91 | 42% | 31% | 27% | 72% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 343 | 23% | 20% | 57% | 75% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 167 | 34% | 18% | 49% | 84% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 156 | 19% | 30% | 51% | 83% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 111 | 21% | 36% | 43% | 21% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 104 | 27% | 9% | 64% | 38% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 95 | 20% | 31% | 49% | 30% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 113 | 11% | 25% | 64% | 32% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Aker Solutions’ standard payment terms state that payment of third party invoices for goods and services will be made within 60 days of receipt of a correct, undisputed and properly due VAT invoice. In certain circumstances, where it has been agreed in writing by a duly authorised representative, Aker Solutions’ standard payment terms may differ from the standard of 60 days. In any event, the payment terms that apply are clearly stated on each purchase order issued / raised.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
Integrity is at the core of Aker Solutions’ values and, as such, the business endeavours to resolve all queries / disputes in a fair and timely manner. Queries / disputes are resolved by discussion and agreement with a supplier and are typically managed by the buyer responsible for the affected purchase order.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
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?
No information available
Company Summary
AKER SOLUTIONS ANGOLA LIMITED is a leading global provider of engineering, design, and technology solutions for the energy industry. The company has a strong presence in Angola, offering a wide range of products and services to support the country's oil and gas sector.
One of the main focuses of AKER SOLUTIONS ANGOLA LIMITED is sustainability. The company is committed to promoting sustainable practices and minimizing its environmental impact. This is evidenced by their sustainability program, which includes initiatives such as reducing carbon emissions, promoting renewable energy, and implementing waste management systems.
In terms of products and services, AKER SOLUTIONS ANGOLA LIMITED offers a comprehensive range of solutions for the energy industry. These include subsea equipment and services, offshore maintenance and modifications, and engineering and construction services. The company also provides digital solutions to optimize operations and increase efficiency.
The key people at AKER SOLUTIONS ANGOLA LIMITED include the managing director, who oversees the company's operations in Angola, as well as a team of experienced engineers and professionals. The company also has a strong network of partners and suppliers to support its operations.
For those looking to contact AKER SOLUTIONS ANGOLA LIMITED, the company's website (www.akersolutions.com) provides detailed information on their products and services, as well as a contact form for inquiries. The company's registered office address is located at Rua Irmãos Roby 22, C.P. 1340 Luanda, Angola.
In conclusion, AKER SOLUTIONS ANGOLA LIMITED is a reputable company that is committed to sustainability and providing high-quality products and services to the energy industry in Angola. With a strong team and a focus on innovation, the company continues to be a leader in the market.
