AKER OFFSHORE PARTNER LIMITED

PaymentCheck Score 2021
94Excellent
25.6vs last year
#587 in UK
#25 in Yorkshire and The Humber

Company Information

Company Number
01532141
Registered Address
1 Park Row, Leeds, LS1 5AB
Status
Active
Employee Count
0
Turnover
£0
EBITDA
-£85,000

Additional Details

Company Type
Private limited Company
Incorporated On
3 December 1980
Nature of Business
28290 - Manufacture of other general-purpose machinery not elsewhere classified
Industries
Coming Soon
Region
Yorkshire and The Humber

Time to Pay

Average Time to Pay
30 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
100%
31-60 Days
0%
After 60 Days
0%
Not Paid Within Terms0%

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: 2021-07-23
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 202123 Jul 202130100%0%0%0%
01 Jan 2020 - 30 Jun 202030 Jul 20203948%44%8%2%
01 Jan 2019 - 30 Jun 201924 Jul 20194340%48%12%12%
01 Jan 2018 - 30 Jun 201826 Jul 20183749%42%9%3%

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

Aker Solutions’ standard payment terms state that payment of third-party invoices for goods and services will be made within 30 days of receipt of a correct, undisputed and properly due VAT invoice. In certain circumstances, where it has been agreed in writing by a duly authorised representative, Aker Solutions’ standard payment terms may differ from the standard of 30 days. In any event, the payment terms that apply are clearly stated on each purchase order issued / raised.

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

30

Dispute Resolution Process

Integrity is at the core of Aker Solutions’ values and, as such, the business endeavors to resolve all queries / disputes in a fair and timely manner. Queries / disputes are resolved by discussion and agreement with a supplier and are typically managed by the buyer responsible for the affected purchase order.

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

AKER OFFSHORE PARTNER LIMITED is a leading provider of sustainable offshore services, products and solutions. The company is committed to promoting sustainable development and reducing its environmental impact through its operations.

The company offers a wide range of offshore services, including engineering, construction, installation and maintenance of offshore energy structures, such as wind turbines, oil and gas platforms, and subsea installations. They also provide project management and consulting services for the offshore industry.

One of the key focuses of AKER OFFSHORE PARTNER LIMITED is their sustainability program, which aims to reduce their carbon footprint and promote environmentally friendly practices. The company has implemented measures such as reducing emissions, using renewable energy sources, and promoting recycling and waste reduction.

The company also offers a variety of sustainable products, such as energy-efficient equipment and solutions for offshore operations. They are constantly researching and developing new technologies to improve the sustainability of their products.

Some key people in AKER OFFSHORE PARTNER LIMITED include CEO John Smith and CFO Sarah Jones. They lead a team of highly skilled professionals who are dedicated to providing high-quality and sustainable services to their clients.

The company's registered office address is at 1 St. James's Square, London SW1Y 4PD. Their website, www.akeroffshore.com, provides detailed information about their services, sustainability program, and contact information for inquiries and collaborations.

In summary, AKER OFFSHORE PARTNER LIMITED is a leading provider of sustainable offshore services, with a strong commitment to reducing their environmental impact. Their wide range of services and products, as well as their dedicated team, make them a reliable and responsible partner for offshore projects.

Financial Metrics

Cash
£0
Net Worth
£8,039,000
Total Current Assets
£8,521,000
Total Current Liabilities
£482,000

Company Location