FLUOR LIMITED
Company Information
- Company Number
- 01274885
- Registered Address
- Fluor Centre, 140 Pinehurst Road, Farnborough, Hampshire, GU14 7BF
- Status
- Active
- Employee Count
- 3.0
- Turnover
- 362317000.0
- EBITDA
- -102182000.0
Additional Details
- Website
- https://oflac.org.uk/
- Company Type
- Private limited Company
- Incorporated On
- 26 August 1976
- Nature of Business
- 43999 - Other specialised construction activities not elsewhere classified
- Industries
- 0
- Region
- South East
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 |
|---|---|---|---|---|---|---|
| 03 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 40 | 40% | 51% | 9% | 23% |
| 02 Jan 2023 - 02 Jul 2023 | 27 Jul 2023 | 37 | 44% | 49% | 7% | 27% |
| 04 Jul 2022 - 01 Jan 2023 | 30 Jan 2023 | 34 | 46% | 48% | 6% | 26% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 38 | 43% | 50% | 7% | 22% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 36 | 47% | 46% | 7% | 18% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 36 | 49% | 44% | 7% | 15% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 40 | 47% | 43% | 10% | 15% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 36 | 42% | 51% | 7% | 19% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 31 | 56% | 35% | 9% | 20% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 31 | 53% | 42% | 5% | 18% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 30 | 54% | 42% | 4% | 28% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 30 | 62% | 34% | 4% | 28% |
Company Summary
FLUOR LIMITED is a global engineering and construction company that provides a wide range of services in various industries such as energy, infrastructure, and government
The company was founded in 1912 and has since then established itself as a leader in the industry
One of the key focuses of FLUOR LIMITED is sustainability, and the company has implemented various initiatives to reduce its environmental impact and promote sustainability in its operations
This includes reducing carbon emissions, conserving water, and promoting renewable energy sources
The company offers a diverse range of products and services, including engineering, procurement, construction, maintenance, and project management
They also offer specialized services such as consulting, technology, and asset management
FLUOR LIMITED has a team of experienced and skilled professionals who are dedicated to delivering high-quality projects and services to their clients
The company's key people include David T
Seaton (Chairman and CEO), Carlos M
Hernandez (President and COO), and Terry F
Towle (Executive Vice President)
For more information on FLUOR LIMITED, their website address is www.fluor.com
Their registered office address is 1 St
Martin's Le Grand, London, EC1A 4NP, United Kingdom
The company also has offices and operations in various locations across the world, including North America, Europe, Asia Pacific, and the Middle East
Company Review
Trend Analysis
The data shows that there has been an overall increase in the average time taken for FLUOR LIMITED to pay invoices to suppliers. From 2018 to the first half of 2021, the average time increased by 6 days. However, there was a slight decrease in the last half of 2021, with the average time decreasing by 2 days compared to the previous period.
Volatility Analysis
The data also shows some volatility in the percentage of invoices paid within 30 days. There was a decrease of 8% in the first half of 2020 compared to the previous period, but this increased again by 5% in the second half of 2020. Similarly, there was a decrease of 2% in the first half of 2021, but an increase of 2% in the second half of 2021. This suggests that there may be some fluctuations in FLUOR LIMITED's payment processes.
Summary Analysis
From 2018 to the first half of 2021, FLUOR LIMITED had an average time of 36 days to pay invoices to suppliers. However, there was a slight decrease in the last half of 2021, with the average time decreasing to 34 days. There was also a decrease in the percentage of invoices paid within 30 days in the first half of 2021, with only 47% of invoices being paid within this time frame. However, this increased to 49% in the second half of 2021. Overall, FLUOR LIMITED's payment processes have been relatively consistent, with the shortest standard payment period remaining at 45 days throughout all periods.
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 are 45 days, however specific terms are negotiated depending on the nature of the goods/services supplied and the commercial situation.
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
60
Dispute Resolution Process
The Company has a dedicated Accounts Payable department which is reachable by phone and email. Vendors with invoice queries need to contact this team. The accounts payable team will reach out to the specific contract manager if it is not clear from the system why the invoice has not yet been approved for payment. Should a contractual dispute arise the company aims to amicably resolve the dispute in accordance with the contract to avoid any impact on the timely processing of the payment.
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
