ENGIE FABRICOM UK LIMITED

PaymentCheck Score 2021
50Fair
10.7vs last year
#4383 in UK
#213 in Yorkshire and The Humber

Company Information

Company Number
01189290
Registered Address
Manby Road, Immingham, North East Lincolnshire, England, DN40 2DW
Status
Active
Employee Count
2
Turnover
£25,616,000
EBITDA
£274,000

Additional Details

Company Type
Private limited Company
Incorporated On
1 November 1974
Nature of Business
43999 - Other specialised construction activities not elsewhere classified
Industries
Infrastructure And Construction
Region
Yorkshire and The Humber

Time to Pay

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

Payment Timeline

Within 30 Days
38%
31-60 Days
25%
After 60 Days
37%
Not Paid Within Terms53%

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: 2021-07-26
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2021 - 30 Jun 202126 Jul 20214238%25%37%53%
01 Jul 2020 - 31 Dec 202021 Jan 20213854%22%24%46%

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 payment terms for the procurement of goods and services is 60 days end of month from the invoice date. Labour only contractors have standard terms of 30 days end of month from the invoice date. Payment terms are agreed in advance with suppliers by the Procurement team. The most common payment terms in place is 30 days (end of month), however terms range from immediate payment to 90 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

90

Dispute Resolution Process

Engie Fabricom endeavours to resolve all disputes in a fair and timely manner. Engie Fabricom actively seeks to resolve disputes by discussing them with the relevant supplier. Supplier statements are reconciled regularly and every effort is made to ensure all missing invoices are investigated. Supplier invoices and payments are controlled by the Accounts Payable Team. They can be contacted on accounts.efab.uk@engie.com or 01469 576411 (calls taken mornings only). Disputed invoices are notified to the supplier by a member of that team or by the relevant Buyer as soon as a discrepancy is noted, and will not be paid until the dispute has been resolved.

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

ENGIE FABRICOM UK LIMITED is a leading engineering and project management company that specializes in providing sustainable solutions for the energy, infrastructure, and industry sectors. The company is committed to building a more sustainable future through innovative technologies and practices.

The company's sustainability program focuses on reducing carbon emissions, promoting renewable energy, and implementing eco-friendly practices in all their operations. They have also set ambitious targets to reduce their environmental impact and have been recognized for their efforts by receiving various sustainability awards.

ENGIE FABRICOM UK LIMITED offers a wide range of products and services, including engineering, procurement, construction, and maintenance for both onshore and offshore projects. They also provide energy management and consulting services to help their clients optimize their energy use and reduce costs.

Some of the key people at ENGIE FABRICOM UK LIMITED include the Managing Director, who oversees the company's operations, and the Head of Sustainability, who leads the sustainability efforts. The company also has a team of experienced engineers and project managers who work together to deliver high-quality and sustainable solutions.

For more information about ENGIE FABRICOM UK LIMITED and their services, you can visit their website at www.engie-fabricom.co.uk. Their registered office address is at 1st Floor, 200 Brook Drive, Green Park, Reading, RG2 6UB, United Kingdom.

Financial Metrics

Cash
£0
Net Worth
-£11,818,000
Total Current Assets
£8,411,000
Total Current Liabilities
£19,342,000

Company Location