HALLIBURTON MANUFACTURING AND SERVICES LIMITED
Company Information
- Company Number
- 00611451
- Registered Address
- C/O Halliburton Building 4, Chiswick Park, 566 Chiswick High Road, London, England, W4 5YE
- Status
- Active
- Employee Count
- 1341.0
- Turnover
- 559834000.0
- EBITDA
- 57068000.0
Additional Details
- Website
- https://halliburton.com
- Company Type
- Private limited Company
- Incorporated On
- 18 September 1958
- Nature of Business
- 09100 - Support activities for petroleum and natural gas extraction
- Industries
- 0
- Region
- London
Company Location
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 31 Dec 2023 | 05 Feb 2024 | 42 | 17% | 65% | 18% | 83% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 41 | 18% | 66% | 16% | 84% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 40 | 16% | 69% | 15% | 85% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 38 | 21% | 66% | 13% | 79% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 37 | 24% | 64% | 12% | 79% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 37 | 24% | 64% | 12% | 3% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 38 | 24% | 66% | 10% | 4% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 35 | 31% | 60% | 9% | 4% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 24 | 83% | 8% | 9% | 3% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 13 | 91% | 5% | 4% | 10% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 50 | 44% | 51% | 5% | 7% |
| 01 Jan 2018 - 30 Jun 2018 | 11 Jul 2018 | 50 | 34% | 59% | 7% | 5% |
Company Summary
Halliburton Manufacturing and Services Limited is a global company that provides a wide range of products and services to the energy industry
Their activities include oil and gas exploration, drilling, completion, production, and reservoir management
The company is committed to sustainable practices and has implemented a comprehensive sustainability program to minimize their environmental impact
Their sustainability program covers areas such as reducing greenhouse gas emissions, conserving resources, and promoting health and safety
They also collaborate with local communities to support economic development and provide training and education programs
Halliburton offers a variety of products and services, including drilling and completion tools, cementing services, well intervention, and production enhancement
They also provide digital solutions to optimize operations and increase efficiency
The key people at Halliburton include the CEO, Jeff Miller, and the President, CEO and Chairman of the Board, David J
Lesar
The company's registered office address is Halliburton Manufacturing and Services Limited, 1 Hill Of Rubislaw, Aberdeen, AB15 6XL, United Kingdom
Their website address is www.halliburton.com
In summary, Halliburton Manufacturing and Services Limited is a global energy company committed to sustainable practices
They offer a variety of products and services and have key personnel leading the company
Their registered office address is in Aberdeen, UK, and their website provides more information on their activities and sustainability efforts
Company Review
Trend Analysis
The average time taken for HALLIBURTON MANUFACTURING AND SERVICES LIMITED to pay invoices has fluctuated over the past three periods. It decreased from 50 days in the first period (Jan 2018 - Jun 2018) to 13 days in the second period (Jan 2019 - Jun 2019). However, it increased again in the third period (Jan 2020 - Jun 2020) to 35 days. It remained relatively stable in the fourth period (Jan 2021 - Jun 2021) with a slight increase to 37 days. The trend continues in the fifth period (Jan 2022 - Jun 2022), with a slight increase to 38 days.
Volatility Analysis
The volatility in HALLIBURTON MANUFACTURING AND SERVICES LIMITED's payment practices can be seen in the fluctuations in the percentage of invoices paid within 30 days and those paid later than 60 days. In the first period, 59% of invoices were paid later than 60 days, but this significantly decreased to 4% in the second period. However, it increased again to 9% in the third period and remained relatively stable in the following periods. The percentage of invoices paid within 30 days also fluctuated, with a low of 31% in the fifth period and a high of 44% in the second period.
Summary Analysis
Over the past three periods, HALLIBURTON MANUFACTURING AND SERVICES LIMITED has shown improvement in their payment practices. They have reduced their average time to pay from 50 days to 13 days, and the percentage of invoices paid within 30 days has increased from 34% to 91%. However, there has been a slight increase in the percentage of invoices paid later than 60 days and those not paid within agreed terms in the most recent period (Jul 2021 - Dec 2021). This could be a cause for concern and may need to be addressed in the future.
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 used by HALLIBURTON MANUFACTURING AND SERVICES LIMITED is 30 days which is calculated from the invoice date
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
1460
Dispute Resolution Process
Any dispute relating to supplier invoice payments should be sent to the Halliburton Invoice and Enquiry mailbox address UKAP@halliburton.com
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