BOSKALIS WESTMINSTER LIMITED
Company Information
- Company Number
- 00745328
- Registered Address
- Westminster House Crompton Way, Segensworth West, Fareham, Hampshire, PO15 5SS
- Status
- Active
- Employee Count
- 85.0
- Turnover
- 102071000.0
- EBITDA
- 10309000.0
Additional Details
- Website
- https://boskalis.com/
- Company Type
- Private limited Company
- Incorporated On
- 27 December 1962
- Nature of Business
- 43999 - Other specialised construction activities not elsewhere classified
- Industries
- 0
- Region
- South East
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 | 02 Feb 2024 | 22 | 87% | 11% | 2% | 22% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 17 | 86% | 11% | 3% | 17% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 15 | 93% | 6% | 1% | 17% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 22 | 91% | 8% | 1% | 14% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 20 | 89% | 10% | 1% | 8% |
| 01 Jan 2021 - 30 Jun 2021 | 22 Jul 2021 | 22 | 84% | 15% | 1% | 13% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 20 | 84% | 15% | 1% | 10% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 18 | 91% | 9% | 0% | 11% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 17 | 93% | 7% | 0% | 3% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 17 | 92% | 7% | 1% | 4% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 18 | 91% | 8% | 1% | 3% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 19 | 90% | 9% | 1% | 2% |
Company Summary
BOSKALIS WESTMINSTER LIMITED is a leading global maritime services company based in the Netherlands, with a strong presence in the UK
The company provides innovative and sustainable solutions for the world's maritime and offshore energy industries
The company's sustainability program is focused on reducing its environmental footprint and promoting sustainable practices
This includes implementing energy-efficient measures, using eco-friendly materials, and investing in renewable energy sources
BOSKALIS WESTMINSTER LIMITED offers a wide range of products and services, including dredging, marine and offshore engineering, and towage and salvage operations
They also provide specialized services such as offshore wind farm construction and maintenance, as well as marine transportation and logistics
The company's key people include Peter Berdowski, CEO and Chairman of the Board, and Martijn Schuttevaer, CFO
They are supported by a team of experienced professionals who are dedicated to delivering high-quality, sustainable solutions to their clients
For more information, visit BOSKALIS WESTMINSTER LIMITED's website at www.boskalis.com
Their registered office address is Rosmolenweg 20, 3356 LK Papendrecht, the Netherlands
With their commitment to sustainability and innovative solutions, BOSKALIS WESTMINSTER LIMITED continues to be a leader in the maritime industry
Company Review
Trend Analysis
The average time taken for BOSKALIS WESTMINSTER LIMITED to pay invoices to suppliers has fluctuated over the past three periods, with a decrease in 2021 followed by an increase in 2022. However, overall there has been a downward trend in the average time to pay since the start of 2018.
Volatility Analysis
The volatility of BOSKALIS WESTMINSTER LIMITED's payment patterns can be seen in the changes in the percentage of invoices paid within 30 days and between 31 and 60 days. These percentages have fluctuated over the past three periods, with a decrease in 2021 followed by an increase in 2022.
Summary Analysis
From 2018 to 2023, BOSKALIS WESTMINSTER LIMITED has shown an overall improvement in their payment patterns. The average time to pay has decreased from 19 days in 2018 to 17 days in 2023. The percentage of invoices paid within 30 days has also increased from 90% in 2018 to 87% in 2023. However, the percentage of invoices paid later than 60 days has slightly increased from 1% in 2018 to 3% in 2023.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
General purchasing terms and conditions apply to all suppliers with the exception of specific contracts where the contract dictates payment terms. Payment terms are stated as 45 days from the receipt of the relevant invoice.
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
45
Dispute Resolution Process
When an invoice is disputed either the point of contact for the purchase or the purchase ledger department will contact the supplier. To resolve the dispute, the supplier is required to provide any missing information, a credit note and/or a corrected invoice. The invoice will only be sent for payment once this information is received and approved by the relevant personnel.
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.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available