ROTORK CONTROLS LIMITED
Company Information
- Company Number
- 00608345
- Registered Address
- Rotork House, Brassmill Lane, Bath, BA1 3JQ
- Status
- Active
- Employee Count
- 497
- Turnover
- £94,510,000
- EBITDA
- -£6,906,000
Additional Details
- Website
- https://rotork.com
- Company Type
- Private limited Company
- Incorporated On
- 21 July 1958
- Nature of Business
- 26110 - Manufacture of electronic components28150 - Manufacture of bearings, gears, gearing and driving elements
- Industries
- Manufacturing, Raw Materials And Intermediate Goods
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for ROTORK CONTROLS LIMITED to pay invoices has been steadily increasing over the past three periods, with the largest increase seen between 2018-01-01 and 2018-07-01 (12 percentage points). However, there has been a slight decrease in the percentage of invoices paid within 30 days between 2019-07-01 and 2020-07-01 (2 percentage points).
Volatility Analysis
The volatility in ROTORK CONTROLS LIMITED's payment patterns can be seen in the fluctuation of the percentage of invoices paid within 30 days and between 31 and 60 days. While there has been a consistent decrease in the percentage of invoices paid within 30 days, the percentage paid between 31 and 60 days has fluctuated significantly.
Summary Analysis
Between 2018-01-01 and 2018-12-31, ROTORK CONTROLS LIMITED's average time to pay increased by 12 percentage points. However, there was a slight improvement in the percentage of invoices paid within 30 days between 2019-01-01 and 2019-12-31 (2 percentage points). The worst period for ROTORK CONTROLS LIMITED in terms of paying invoices later than 60 days was between 2019-07-01 and 2019-12-31, with 36% 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 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 62 | 8% | 49% | 43% | 42% |
| 01 Jan 2020 - 30 Jun 2020 | 03 Jul 2020 | 59 | 8% | 52% | 40% | 64% |
| 01 Jul 2019 - 31 Dec 2019 | 21 Jan 2020 | 59 | 8% | 56% | 36% | 60% |
| 01 Jan 2019 - 30 Jun 2019 | 16 Jul 2019 | 58 | 10% | 55% | 35% | 58% |
| 01 Jul 2018 - 31 Dec 2018 | 08 Jan 2019 | 56 | 14% | 53% | 33% | 63% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 44 | 12% | 53% | 35% | 61% |
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
Standard payment terms are 30 days end of month, which averages out to be approximately 45 days.
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
Initially, our Accounts Payable Clerk would be contacted regarding any queries/disputes, and if they cannot sort this out then it would be raised to our assistant financial controller, who currently oversees the Accounts Payable function. The relevant department manager will also be involved at this point, who will hopefully be able to help/deal with any disputes, since they should have been aware of the purchase and the terms upon which the purchase was made. If this fails to resolve the dispute then our Financial Controller would be involved also.”
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
Rotork Controls Limited is a British company that specializes in the design, manufacture, and distribution of industrial flow control equipment. The company was founded in 1957 and is headquartered in Bath, England.
The company's main activities include the production of electric, pneumatic, and hydraulic actuators, as well as control systems and valve accessories. These products are used in a wide range of industries, including oil and gas, water and wastewater, power, and chemical processing.
Rotork Controls Limited is committed to sustainability and has implemented a number of initiatives to reduce its environmental impact. This includes using energy-efficient processes, reducing waste and emissions, and promoting the use of renewable energy sources.
The company's key people include CEO Kevin Hostetler, who has been with the company since 2016, and Chairman Martin Lamb, who has been with Rotork since 2017.
Customers can contact Rotork Controls Limited through their website, which also provides information on their products and services. The registered office address for the company is Rotork House, Brassmill Lane, Bath, BA1 3JQ, United Kingdom.
In summary, Rotork Controls Limited is a British company that specializes in industrial flow control equipment. They have a strong focus on sustainability and offer a range of products and services for various industries. Their key people include CEO Kevin Hostetler and Chairman Martin Lamb, and customers can contact them through their website or registered office address in Bath.
