MAINLINE PIPELINES LIMITED
Company Information
- Company Number
- 00995545
- Registered Address
- 27th Floor 1 Canada Square, Canary Wharf, London, United Kingdom, E14 5AA
- Status
- Active
- Employee Count
- 16.0
- Turnover
- 18982000.0
- EBITDA
- 6645000.0
Additional Details
- Website
- https://valero.com
- Company Type
- Private limited Company
- Incorporated On
- 27 November 1970
- Nature of Business
- 49500 - Transport via pipeline
- Industries
- 0
- Region
- London
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 | 31 Jan 2024 | 21 | 82% | 18% | 0% | 23% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 24 | 84% | 15% | 1% | 43% |
| 01 Jul 2022 - 31 Dec 2022 | 29 Jan 2023 | 22 | 92% | 6% | 2% | 40% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 24 | 84% | 15% | 1% | 43% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 23 | 93% | 7% | 0% | 28% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 25 | 86% | 11% | 3% | 35% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 20 | 91% | 9% | 0% | 41% |
| 01 Jan 2020 - 30 Jun 2020 | 04 Aug 2020 | 21 | 85% | 14% | 1% | 44% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 19 | 91% | 9% | 0% | 45% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 19 | 92% | 8% | 0% | 52% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 20 | 91% | 9% | 0% | 50% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 20 | 89% | 11% | 0% | 54% |
Company Summary
MAINLINE PIPELINES LIMITED is a British company that specializes in the construction, maintenance, and operation of pipelines for the transport of oil and gas
Founded in 1985, the company has a strong focus on sustainability and is committed to minimizing its environmental impact through its operations
The company offers a range of services including pipeline design, construction, and maintenance, as well as project management and consultation
They also provide various products such as valves, pumps, and control systems for pipeline infrastructure
MAINLINE PIPELINES LIMITED has a team of experienced professionals, including engineers, project managers, and environmental experts, who are dedicated to delivering high-quality and sustainable solutions for their clients
The company has a strong sustainability program, which includes measures such as using renewable energy sources for their operations, reducing carbon footprint, and promoting eco-friendly practices among their employees and suppliers
They also prioritize safety in all their projects, ensuring the protection of the environment and local communities
The registered office address for MAINLINE PIPELINES LIMITED is 9th Floor, 6 New Street Square, New Fetter Lane, London, EC4A 3BF
Their website is https://mainlinepipelines.com/ where more information about the company and its services can be found
With their commitment to sustainability and expertise in pipeline construction, MAINLINE PIPELINES LIMITED is a trusted and reliable partner for clients in the oil and gas industry
Company Review
Trend Analysis
The trend for MAINLINE PIPELINES LIMITED shows a consistent average time to pay of 20-25 days over the past three periods. However, there has been a slight increase in the average time to pay in the most recent period, from 21 days to 25 days. This could suggest potential cash flow issues for the company.
Volatility Analysis
The volatility for MAINLINE PIPELINES LIMITED is relatively low, with the percentage of invoices paid within 30 days consistently between 86-93% over the past three periods. The percentage of invoices paid between 31-60 days also remains stable at 6-15%. However, there has been a slight increase in the percentage of invoices paid later than 60 days in the most recent period, from 1% to 3%.
Summary Analysis
In the past three periods, MAINLINE PIPELINES LIMITED has shown a consistent average time to pay of 20-25 days. The company has also consistently paid a high percentage of invoices within 30 days (86-93%) and a low percentage between 31-60 days (6-15%). The most recent period showed a slight increase in the percentage of invoices paid later than 60 days (3%) compared to the previous periods (1-2%).
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days
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
30
Dispute Resolution Process
All dispute resolutions involve Accounts Payable in the US – we coordinate with the business and the vendor.
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
