TRANT ENGINEERING LIMITED

PaymentCheck Score 2022
37Poor
0.8vs last year
#4736 in UK
#372 in Property
#791 in South East

Company Information

Company Number
00769274
Registered Address
Rushington House, Rushington, Southampton, Hampshire, SO40 9LT
Status
Active
Employee Count
625
Turnover
£142,464,000
EBITDA
£3,059,000

Additional Details

Company Type
Private limited Company
Incorporated On
30 July 1963
Nature of Business
42220 - Construction of utility projects for electricity and telecommunications
42910 - Construction of water projects
42990 - Construction of other civil engineering projects not elsewhere classified
71121 - Engineering design activities for industrial process and production
Industries
Property, Infrastructure And Construction
Region
South East

Time to Pay

Average Time to Pay
55 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
22%
31-60 Days
34%
After 60 Days
44%
Not Paid Within Terms26%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-11-01
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2022 - 30 Jun 202210 Jan 20235814%41%46%33%
01 Jul 2021 - 31 Dec 202103 May 20225913%45%42%27%
01 Jul 2020 - 31 Dec 202029 Mar 20215615%52%33%30%
01 Jan 2018 - 30 Jun 201831 Jul 20185319%44%37%43%

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

Payment terms are agreed with each individual supplier and can range from 30-60-90 days.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

No additional information

Maximum contractual payment period agreed

90

Dispute Resolution Process

Any dispute is handled between the commercial team and supplier’s commercial representative. We aim to resolve all disputes in a timely manner.

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

TRANT ENGINEERING LIMITED is a UK-based company that provides a range of engineering services to various industries. Established in 1958, the company has a long history of delivering high-quality and innovative solutions to its clients.

The company offers a wide range of services, including civil and structural engineering, mechanical and electrical engineering, and project management. They work with clients in industries such as energy, infrastructure, and construction, providing them with bespoke solutions to meet their specific needs.

TRANT ENGINEERING LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have a dedicated sustainability program that focuses on energy efficiency, waste reduction, and carbon footprint reduction. The company also promotes sustainable practices within their supply chain and works closely with their clients to ensure sustainable solutions are implemented in their projects.

The company's key people include Managing Director, Stephen Trant, and Commercial Director, David Trant. They lead a team of highly skilled and experienced engineers who are committed to delivering the best results for their clients.

For more information on TRANT ENGINEERING LIMITED, including their services, sustainability program, and key people, visit their website at www.trant.co.uk. Their registered office address is Trant Engineering Ltd, 5 Hazel Road, Woolston, Southampton, SO19 7GA.

Financial Metrics

Cash
£4,685,000
Net Worth
£7,781,000
Total Current Assets
£44,691,000
Total Current Liabilities
£38,409,000

Company Location