FLUOR INTERNATIONAL LIMITED
Company Information
- Company Number
- 01372569
- Registered Address
- Fluor Centre 140 Pinehurst Road, Farnborough, Hampshire, GU14 7BF
- Status
- Active
- Employee Count
- 0
- Turnover
- Coming Soon
- EBITDA
- -£50,034,000
Additional Details
- Website
- https://fluor.com
- Company Type
- Private limited Company
- Incorporated On
- 9 June 1978
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Professional Services
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
From the data, we can see that there has been a general increase in the average time taken for FLUOR INTERNATIONAL LIMITED to pay invoices to suppliers. The average time has increased from 25 days in the first period (2018-01-01 to 2018-06-30) to 30 days in the last period (2022-01-01 to 2022-06-30). This trend suggests that the company may be facing financial difficulties or issues with cash flow.
Volatility Analysis
There is a slight fluctuation in the percentage of invoices paid within 30 days, with the highest being 89% in the fifth period (2020-01-01 to 2020-06-30) and the lowest being 41% in the eighth period (2021-07-01 to 2021-12-31). However, the percentage of invoices paid between 31 and 60 days has been consistently low, with the highest being 38% in the sixth period (2020-07-01 to 2020-12-31) and the lowest being 8% in the second period (2018-07-01 to 2018-12-31). This could indicate that the company struggles with paying invoices within the agreed terms.
Summary Analysis
Over the course of three periods, we can see that FLUOR INTERNATIONAL LIMITED has seen a decrease in the percentage of invoices paid within 30 days, from 69% in the first period (2018-01-01 to 2018-06-30) to 41% in the third period (2021-07-01 to 2021-12-31). However, there has been an increase in the percentage of invoices paid between 31 and 60 days, from 31% in the first period to 58% in the third period. The company has managed to maintain a consistent average time to pay of around 26-30 days. The shortest standard payment period has also remained the same at 45 days. It is worth noting that the company saw its best period in terms of paying invoices within 30 days in the fifth period (2020-01-01 to 2020-06-30) with a percentage of 89%. The worst period in terms of paying invoices later than 60 days was in the second period (2018-07-01 to 2018-12-31) with a percentage of 8%.
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 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 26 | 12% | 88% | 0% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 30 | 41% | 58% | 1% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 30 | 43% | 57% | 0% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 30 | 62% | 38% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 20 | 89% | 11% | 0% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 18 | 86% | 14% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 16 | 89% | 11% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 20 | 84% | 8% | 8% | 8% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 25 | 69% | 31% | 0% | 0% |
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 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 so as 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.
❌
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
FLUOR INTERNATIONAL LIMITED is a leading global engineering and construction company, providing innovative and sustainable solutions for clients in various industries. The company was founded in 1912 and has its registered office at 1 St. George's Square, New Malden, Surrey, KT3 4HG, United Kingdom.
The company's core services include engineering, procurement, construction, operations, maintenance, and project management. They have a strong focus on sustainability and have implemented a robust sustainability program, which aims to minimize their environmental impact and promote social responsibility.
FLUOR INTERNATIONAL LIMITED offers a wide range of products and services, including infrastructure development, energy and chemicals, mining, power, and government services. They also provide consulting services in areas such as environmental management, risk assessment, and safety engineering.
The company has a team of highly skilled and experienced professionals, led by their CEO, David Seaton. With a global workforce of over 45,000 employees, FLUOR INTERNATIONAL LIMITED has a strong presence in over 100 countries.
The company has received numerous awards and recognition for their sustainability efforts, including being named one of the World's Most Ethical Companies by Ethisphere Institute for the 15th consecutive year. They have also been recognized for their commitment to diversity and inclusion, as well as their contributions to local communities through their corporate social responsibility initiatives.
For more information about their services, products, and sustainability program, visit their website at www.fluor.com. Customers can also contact them via their registered office address or through their social media channels. FLUOR INTERNATIONAL LIMITED remains dedicated to delivering innovative and sustainable solutions for their clients, while also contributing to the betterment of society.
