ROTORK UK LIMITED
Company Information
- Company Number
- 01090344
- Registered Address
- Rotork House, Brassmill Lane, Bath, BA1 3JQ
- Status
- Active
- Employee Count
- 221
- Turnover
- £55,770,000
- EBITDA
- £4,696,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 10 January 1973
- Nature of Business
- 25620 - Machining26110 - Manufacture of electronic components
- Industries
- Manufacturing
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
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 2019 - 31 Dec 2019 | 16 Mar 2020 | 41 | 38% | 42% | 20% | 9% |
| 01 Jan 2019 - 30 Jun 2019 | 22 Jul 2019 | 42 | 35% | 44% | 21% | 10% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jan 2019 | 48 | 28% | 41% | 31% | 19% |
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
Standard terms of payment are 30 days end of month
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
60
Dispute Resolution Process
Disputes in invoicing and any product fault are discussed with suppliers as soon as possible. Suppliers are unwilling to credit and re-invoice when goods are corrected and thus the original tax point of the invoice causes the system to assume late payment when in reality that is not the case. Suppliers are worried that this restarts the clock in terms of credit when a new invoice is issued.
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.
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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?
❌
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
Rotork UK Limited is a leading company in the engineering and manufacturing industry, specializing in the design and production of flow control solutions. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
Their sustainability program includes measures such as sourcing materials from sustainable suppliers, reducing energy consumption in manufacturing processes, and promoting recycling and waste reduction. They also prioritize the use of renewable energy sources in their operations.
Rotork UK Limited offers a wide range of products and services, including electric, pneumatic, and hydraulic actuators, control systems, and valves. These products are designed to improve the efficiency and reliability of processes in various industries, such as oil and gas, water and wastewater, and power generation.
The key people at Rotork UK Limited include CEO Kevin Hostetler, who has over 30 years of experience in the industry, and Chairman Martin Lamb, who has been with the company since 1993. The company has a team of highly skilled engineers and technicians who are dedicated to providing top-quality solutions to their clients.
The registered office address for Rotork UK Limited is Brassmill Lane, Bath, BA1 3JQ, United Kingdom. Their website is https://www.rotork.com/en/about-rotork/our-locations/europe/united-kingdom. On their website, customers can find information about their products and services, sustainability efforts, and contact details for inquiries and support. In conclusion, Rotork UK Limited is a reputable company with a strong commitment to sustainability, offering innovative solutions and services to various industries.
