The average time taken for ALTRAD BABCOCK LIMITED to pay invoices has remained relatively consistent between 2018 and 2023, with a slight increase from 64 days to 67 days. However, there was a significant increase in the percentage of invoices paid later than 60 days in 2020, which has since decreased in 2021 and 2022. Additionally, the percentage of invoices not paid within agreed terms has decreased steadily from 42% in 2018 to 23% in 2022.
The data for ALTRAD BABCOCK LIMITED shows some volatility in the percentage of invoices paid later than 60 days, with a peak of 57% in 2019 and a low of 23% in 2022. There is also some volatility in the percentage of invoices not paid within agreed terms, with a low of 34% in 2021 and a high of 48% in 2019.
Between 2018 and 2023, ALTRAD BABCOCK LIMITED has shown a consistent average time to pay of 64-73 days. However, there has been a decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days. The worst period for ALTRAD BABCOCK LIMITED was in 2020 when 60% of invoices were paid later than 60 days. In contrast, the best period for early payment was in 2022 when 12% of invoices were paid within 30 days.
| 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 Sept 2025 - 28 Feb 2026 | 03 Mar 2026 | 57 | 29% | 46% | 25% | 42% |
| 01 Mar 2025 - 31 Aug 2025 | 03 Sept 2025 | 61 | 24% | 41% | 35% | 51% |
| 01 Sept 2024 - 28 Feb 2025 | 13 Mar 2025 | 74 | 6% | 25% | 69% | 56% |
| 01 Mar 2024 - 31 Aug 2024 | 13 Sept 2024 | 80 | 10% | 41% | 49% | 39% |
| 01 Sept 2023 - 29 Feb 2024 | 13 Mar 2024 | 76 | 7% | 32% | 61% | 45% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Aug 2023 | 67 | 9% | 47% | 44% | 30% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 65 | 12% | 46% | 42% | 24% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 66 | 10% | 47% | 43% | 23% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 66 | 9% | 46% | 45% | 34% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 68 | 8% | 38% | 54% | 37% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 69 | 10% | 41% | 49% | 35% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 73 | 8% | 38% | 54% | 37% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 73 | 6% | 37% | 57% | 40% |
| 01 Jan 2019 - 30 Jun 2019 | 08 Aug 2019 | 67 | 8% | 41% | 51% | 48% |
| 01 Jul 2018 - 31 Dec 2018 | 08 Jul 2019 | 67 | 9% | 42% | 49% | 44% |
| 01 Jan 2018 - 30 Jun 2018 | 08 Aug 2018 | 64 | 9% | 46% | 45% | 42% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 Days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
91
A detailed dispute resolution process is included in our standard company terms and conditions along with a statement of entitlement to statutory adjudication and arbitration to allow for resolution of disputes
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
Altrad Babcock Limited, registered as Altrad Babcock, was formerly known as Doosan Babcock and now trades under the Altrad Babcock name following its acquisition by Altrad. The company designs and delivers energy engineering products and services, with origins as a boiler systems manufacturer dating to 1881 and later involvement in nuclear power plant technology. It provides asset support, thermal, nuclear and oil, gas and petrochemical services to the power generation industry, acting as part of Altrad's wider UK, Ireland and Nordics services business. Its registered activity is classified under manufacture of special-purpose machinery, reflecting its engineering heritage in boiler and power plant systems rather than general industrial manufacturing.
Generated from the company's website and Companies House records. Sources: altradbabcock.com · altradbabcock.com