FUGRO GEOSERVICES LIMITED

Company Information

Company Number
01284352
Registered Address
Fugro House, Hithercroft Road, Wallingford, Oxfordshire, OX10 9RB
Status
Active
Employee Count
444
Turnover
£99,822,000
EBITDA
£18,764,000

Additional Details

Company Type
Private limited Company
Incorporated On
1 November 1976
Nature of Business
74909 - Other professional, scientific and technical activities not elsewhere classified
Industries
Professional Services
Region
South East

Time to Pay

Average Time to Pay
38 days
Shortest Period:60 days
Longest Period:0 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
40%
31-60 Days
34%
After 60 Days
26%
Not Paid Within Terms60%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

The company payment terms vary by supplier. Payment terms are negotiated with new suppliers as part of the Procurement Process. The company’s standard terms are 60 days from end of month, although agreed payment terms vary from payment on receipt to standard terms which in turn translate to 74% of invoices being paid under the 60 days.

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

If an invoice is disputed, the supplier will be contacted for resolution and the invoice will go on hold. Should there not be a resolution then it can be  escalated to The Procurement Manager or Finance Manager for resolution.

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

FUGRO GEOSERVICES LIMITED is a leading global provider of geotechnical, survey, and geoscience services to the oil and gas, renewable energy, infrastructure, and mining industries. The company was founded in 1962 and is headquartered in Wallingford, Oxfordshire, United Kingdom.

The company offers a wide range of services including site investigations, offshore and onshore surveys, data analysis, and engineering consultancy. They specialize in providing accurate and reliable data to their clients to support their projects and operations.

As part of their commitment to sustainability, FUGRO GEOSERVICES LIMITED has implemented various initiatives to reduce their environmental impact. They have a dedicated sustainability program that focuses on reducing carbon emissions, conserving natural resources, and promoting environmental awareness within their organization.

The company's products and services are also designed to promote sustainability. They offer solutions that help their clients minimize their environmental impact, such as offshore wind farm site selection and marine habitat mapping.

Some key people in FUGRO GEOSERVICES LIMITED include Chief Executive Officer Mark Heine, Chief Financial Officer Paul Verhagen, and Chief Operating Officer Dr. Chris Boogaerts.

Their website address is www.fugro.com and their registered office address is Fugro House, Hithercroft Road, Wallingford, Oxfordshire, OX10 9RB, United Kingdom. Overall, FUGRO GEOSERVICES LIMITED is a reputable company that is committed to providing high-quality services while also prioritizing sustainability.

Financial Metrics

Cash
£168,000
Net Worth
£20,220,000
Total Current Assets
£27,995,000
Total Current Liabilities
£25,170,000

Company Location