BAKER HUGHES ENERGY TECHNOLOGY UK LIMITED
Company Information
- Company Number
- 01521132
- Registered Address
- 2 High Street, Nailsea, Bristol, BS48 1BS
- Status
- Active
- Employee Count
- 2,163
- Turnover
- £1,072,489,000
- EBITDA
- £87,912,000
Additional Details
- Website
- https://geoilandgas.com
- Company Type
- Private limited Company
- Incorporated On
- 9 October 1980
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Energy
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time to pay for BAKER HUGHES ENERGY TECHNOLOGY UK LIMITED has fluctuated over the past 3 years, with a high of 69 days in the first half of 2018 and a low of 36 days in the first half of 2019. However, in the most recent period, the average time to pay has increased to 55 days.
Volatility Analysis
The percentage of invoices paid within 30 days has remained relatively stable, ranging from 15% to 28% in the past 3 years. The percentage of invoices paid between 31 and 60 days has also stayed consistent, ranging from 24% to 34%. However, the volatility is seen in the percentage of invoices paid later than 60 days, with a high of 61% in the first half of 2021 and a low of 44% in the first half of 2022.
Summary Analysis
In the past 3 years, BAKER HUGHES ENERGY TECHNOLOGY UK LIMITED has shown a overall trend of increasing the average time to pay invoices. However, there has been improvement in the percentage of invoices paid within 30 days, with a high of 66% in the first half of 2019. The worst period for the company was the first half of 2021, where 61% of invoices were paid later than 60 days.
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 | 03 Aug 2022 | 55 | 23% | 33% | 44% | 4% |
| 01 Jul 2021 - 31 Dec 2021 | 09 Mar 2022 | 73 | 19% | 34% | 46% | 19% |
| 01 Jan 2021 - 30 Jun 2021 | 06 Aug 2021 | 83 | 15% | 24% | 61% | 22% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 68 | 15% | 31% | 54% | 40% |
| 01 Jan 2020 - 30 Jun 2020 | 09 Oct 2020 | 66 | 17% | 31% | 52% | 44% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 66 | 19% | 30% | 51% | 35% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 36 | 66% | 8% | 26% | 15% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 68 | 28% | 27% | 46% | 27% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 69 | 22% | 29% | 49% | 37% |
| 01 Jul 2017 - 31 Dec 2017 | 29 Jan 2018 | 67 | 22% | 32% | 46% | 31% |
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 90 days applies to UK domestic suppliers.
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
120
Dispute Resolution Process
Disputes are referred to sourcing by staff and Accounts payable. Sourcing engage with the supplier to agree payment terms.
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
BAKER HUGHES ENERGY TECHNOLOGY UK LIMITED is a leading provider of energy technology solutions in the UK. They offer a wide range of products and services to the energy industry, including oil and gas exploration, drilling, completion, and production equipment.
The company has a strong commitment to sustainability and has implemented various initiatives to minimize their environmental impact. They have a Sustainable Development Policy in place, which focuses on reducing emissions, promoting energy efficiency, and minimizing waste. They also actively participate in community and social responsibility projects.
Their key products and services include advanced drilling technologies, production optimization solutions, and digital solutions for energy management. They also offer consulting services to help their clients optimize their operations and reduce costs.
The company's key people include their Executive Vice President and President of Europe, Africa, Russia and Caspian, Brian Worrell, and their Director of Sustainability and Regulatory Affairs, Michael Gedeon.
For more information, interested parties can visit their website at www.bakerhughes.com. The registered office address for BAKER HUGHES ENERGY TECHNOLOGY UK LIMITED is Caledonian Exchange, 19A Canning Street, Edinburgh, EH3 8EG.
