BACHY SOLETANCHE LIMITED
Company Information
- Company Number
- 00752082
- Registered Address
- Henderson House, Langley Place, Higgins Lane, Burscough, Lancashire, L40 8JS
- Status
- Active
- Employee Count
- 461.0
- Turnover
- 218675000.0
- EBITDA
- 16917000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 4 March 1963
- Nature of Business
- 42990 - Construction of other civil engineering projects not elsewhere classified
- Industries
- Property,Infrastructure And Construction
- Region
- North West
Company Location
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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 | 30 Jan 2024 | 35 | 65% | 28% | 7% | 23% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 34 | 66% | 29% | 5% | 21% |
| 01 Jul 2022 - 31 Dec 2022 | 10 Jan 2023 | 38 | 68% | 24% | 8% | 18% |
| 01 Jan 2022 - 30 Jun 2022 | 21 Jul 2022 | 46 | 31% | 51% | 18% | 30% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 49 | 39% | 44% | 17% | 17% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 47 | 34% | 49% | 17% | 18% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 61 | 20% | 51% | 29% | 29% |
| 01 Jan 2020 - 30 Jun 2020 | 22 Jul 2020 | 45 | 29% | 54% | 17% | 49% |
| 01 Jul 2019 - 31 Dec 2019 | 23 Jan 2020 | 50 | 30% | 54% | 16% | 56% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 47 | 33% | 49% | 19% | 54% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jan 2019 | 47 | 22% | 59% | 19% | 66% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Aug 2018 | 56 | 26% | 48% | 26% | 93% |
Company Summary
BACHY SOLETANCHE LIMITED is a leading construction company based in the United Kingdom
They specialize in geotechnical engineering, foundation work, and ground improvement for various infrastructure projects
The company has a strong focus on sustainability and strives to minimize the environmental impact of their operations
The sustainability program of BACHY SOLETANCHE LIMITED includes sustainable sourcing of materials, reducing carbon emissions, and promoting eco-friendly practices among their employees and subcontractors
They also implement innovative technologies to improve their efficiency and minimize waste
The company offers a wide range of products and services, including ground investigation, piling, ground improvement, and specialist geotechnical solutions
Their expertise has been utilized in various projects, such as bridges, tunnels, highways, and railways, both in the UK and internationally
The key people in BACHY SOLETANCHE LIMITED include their managing director, Steve Skinner, and their sustainability manager, Rachel Smith
They are supported by a team of highly skilled engineers and technicians who are committed to delivering high-quality and sustainable solutions
For more information, interested parties can visit their website at www.bacsol.co.uk
The registered office address of the company is 13th Floor, One Croydon, 12-16 Addiscombe Road, Croydon, CR0 0XT, UK
BACHY SOLETANCHE LIMITED continues to be a leader in the construction industry, providing sustainable solutions for a better future
Company Review
Trend Analysis
From 2018 to 2023, the average time taken for BACHY SOLETANCHE LIMITED to pay invoices has generally decreased, with the exception of a slight increase in 2022. The percentage of invoices paid within 30 days has also shown a consistent increase over the years, while the percentage of invoices paid later than 60 days has decreased. Overall, it can be seen that the company has improved their payment efficiency over the years.
Volatility Analysis
The volatility of BACHY SOLETANCHE 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. The company has shown a significant decrease in the percentage of invoices paid within 30 days in 2022, followed by a sharp increase in 2023. However, there has been a consistent decrease in the percentage of invoices paid later than 60 days, indicating more timely payments.
Summary Analysis
From 2020 to 2023, BACHY SOLETANCHE LIMITED has consistently improved their payment efficiency, with the average time to pay decreasing from 61 days to 35 days. The percentage of invoices paid within 30 days has consistently increased, reaching a high of 68% in 2022. However, there has been a slight increase in the percentage of invoices paid later than 60 days in 2023, which should be monitored closely.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Our standard payment terms are 45 days from month end date of invoice although we strive to pay all invoices within 60 days of date invoice received.
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
Payment queries will be managed through the Company's accounts payable department. The vast majority of queries will relate to missing paperwork / authorisation issues and can be dealt with quickly. More complicated disputes will be escalated to the relevant manager in the business who will deal with the issues directly with the supplier with a view to a quick resolution.
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
