COSTAIN OIL, GAS & PROCESS LIMITED
Company Information
- Company Number
- 00786418
- Registered Address
- Costain House, Vanwall Business Park, Maidenhead, Berkshire, SL6 4UB
- Status
- Active
- Employee Count
- 304
- Turnover
- £25,752,000
- EBITDA
- -£1,430,000
Additional Details
- Website
- https://costain.com
- Company Type
- Private limited Company
- Incorporated On
- 1 January 1964
- Nature of Business
- 42990 - Construction of other civil engineering projects not elsewhere classified
- Industries
- Property,Infrastructure And Construction
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 25 | 84% | 14% | 2% | 19% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 25 | 84% | 14% | 2% | 20% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 40 | 75% | 15% | 10% | 28% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 46 | 61% | 26% | 13% | 41% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 50 | 54% | 25% | 21% | 58% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 92 | 27% | 40% | 32% | 63% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 66 | 20% | 45% | 35% | 71% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 92 | 14% | 32% | 54% | 73% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 131 | 16% | 26% | 58% | 82% |
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 suppliers and subcontractors as part of the contract arrangements and invoices must show the order number. Terms vary from 21 days where payment is made once the invoice is processed to 45 days from date of invoice. The most frequently used terms for suppliers in the reporting period are 30 days from the date of invoice with payment for these suppliers generally made after receipt of a statement from the supplier and a reconciliation of the account.
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
45
Dispute Resolution Process
Costain Oil Gas & Process Limited actively seeks to resolve disputes by discussing them with the relevant supplier(s), typically involving members of the relevant project’s supply chain, procurement or commercial teams and the relevant accounts or accounts payable team. Where necessary members of management will be involved. Where it is not possible to reach agreement, usually on entitlement in relation to subcontracts, a number of potential dispute resolution methods may be used, most commonly, mediation or adjudication. If it remains impossible to reach agreement, the items may go to litigation.
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
COSTAIN OIL, GAS & PROCESS LIMITED is a British company that specializes in providing engineering and construction services for the oil, gas, and process industries. The company has a strong focus on sustainability and aims to deliver projects that are environmentally friendly and socially responsible.
The company offers a wide range of services including project management, design and engineering, procurement, construction, and commissioning. They have expertise in various areas such as offshore platforms, onshore facilities, pipelines, and petrochemical plants. Their projects are carried out globally, with a strong presence in the UK, Middle East, and Africa.
COSTAIN OIL, GAS & PROCESS LIMITED has a robust sustainability program in place, which includes initiatives to reduce their carbon footprint, minimize waste, and promote diversity and inclusion within the company. They also work closely with their clients to ensure that their projects meet the highest environmental and social standards.
The company's key people include Alex Vaughan, the Chief Executive Officer, and Tony Bickerstaff, the Chief Financial Officer. They are supported by a team of experienced engineers, project managers, and other professionals who are committed to delivering high-quality and sustainable projects.
To get in touch with COSTAIN OIL, GAS & PROCESS LIMITED, you can visit their website at www.costain.com. Their registered office address is Costain House, Vanwall Business Park, Maidenhead, Berkshire, SL6 4UB. Overall, the company is a leader in the oil, gas, and process industries, known for its commitment to sustainability and delivering innovative and sustainable solutions to its clients.
