SYSTEMS ENGINEERING & ASSESSMENT LTD
Company Information
- Company Number
- 02302168
- Registered Address
- Beckington Castle, 17 Castle Corner, Beckington, Frome, BA11 6TA
- Status
- Active
- Employee Count
- 280
- Turnover
- £36,034,000
- EBITDA
- £2,524,000
Additional Details
- Website
- https://sea.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 4 October 1988
- Nature of Business
- 30300 - Manufacture of air and spacecraft and related machinery30990 - Manufacture of other transport equipment not elsewhere classified84220 - Defence activities
- Industries
- Coming Soon
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Nov 2024 - 30 Apr 2025 | 28 May 2025 | 22 | 83% | 17% | 0% | 13% |
| 01 Nov 2023 - 30 Apr 2024 | 31 May 2024 | 18 | 93% | 7% | 0% | 9% |
| 01 May 2023 - 31 Oct 2023 | 30 Nov 2023 | 22 | 81% | 19% | 0% | 7% |
| 01 Nov 2022 - 30 Apr 2023 | 01 Jun 2023 | 26 | 72% | 26% | 2% | 19% |
| 01 May 2022 - 31 Oct 2022 | 11 Jan 2023 | 30 | 68% | 31% | 1% | 37% |
| 01 Nov 2021 - 30 Apr 2022 | 19 Aug 2022 | 26 | 60% | 39% | 1% | 38% |
| 01 May 2021 - 31 Oct 2021 | 01 Dec 2021 | 27 | 54% | 45% | 1% | 47% |
| 01 Nov 2020 - 30 Apr 2021 | 02 Jun 2021 | 22 | 70% | 30% | 0% | 9% |
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
Trading normally takes place under 30 day terms. Some items are paid on shorter dates for small local companies
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
60
Dispute Resolution Process
Any concerns will be raised with Accounts Payable team in the first instance. These are normally resolved at this level and the Procurement team will often be involved. If this is not resolved it will be escalated through the finance Manager to the Head of Finance.
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.
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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
Systems Engineering & Assessment Ltd (SEA) is a leading UK-based company that provides innovative and sustainable solutions in the defense, transport, and energy industries. Founded in 1992, SEA has established a strong reputation for delivering high-quality products and services to its clients.
SEA's sustainability program is an integral part of the company's operations. They are committed to reducing their carbon footprint, promoting ethical and responsible business practices, and ensuring the health and safety of their employees. They have implemented various initiatives such as using renewable energy sources, reducing waste and emissions, and promoting sustainable procurement.
The company offers a wide range of products and services, including systems engineering, software development, and project management. They specialize in developing advanced technology solutions for defense and security applications, such as sonar systems, maritime surveillance systems, and electronic warfare systems. SEA also provides engineering and technical consultancy services for the transport and energy sectors.
The key people at SEA include Dr. Steve Hill, the Managing Director, who has been with the company since its inception, and Dr. David Hume, the Chief Technical Officer, who has over 30 years of experience in the defense industry. They are supported by a team of highly skilled and experienced engineers, technicians, and project managers.
SEA's website (www.sea.co.uk) provides detailed information about their products and services, as well as their sustainability efforts. The company's registered office address is Systems Engineering & Assessment Ltd, 3 The Billings, Guildford, Surrey, GU1 4UL, United Kingdom.
In conclusion, SEA is a leading systems engineering company that is committed to sustainability and delivering innovative solutions to their clients. With a dedicated team and a strong focus on ethical and responsible practices, SEA continues to be a trusted partner for their clients in the UK and around the world.
