ENSCO OFFSHORE UK LIMITED
Company Information
- Company Number
- 02868165
- Registered Address
- Cannon Place, 78 Cannon Street, London, England, EC4N 6AF
- Status
- Active
- Employee Count
- 0.0
- Turnover
- 242205000.0
- EBITDA
- 8927000.0
Additional Details
- Website
- https://enscoplc.com
- Company Type
- Private limited Company
- Incorporated On
- 2 November 1993
- Nature of Business
- 09100 - Support activities for petroleum and natural gas extraction
- Industries
- Property,Infrastructure And Construction
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 58 | 6% | 57% | 36% | 61% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 52 | 15% | 53% | 32% | 85% |
| 01 Jul 2022 - 31 Dec 2022 | 29 Jan 2023 | 46 | 32% | 47% | 20% | 50% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 68 | 15% | 51% | 34% | 85% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 60 | 13% | 55% | 32% | 87% |
| 01 Jan 2021 - 30 Jun 2021 | 02 Aug 2021 | 35 | 67% | 28% | 5% | 33% |
| 01 Jul 2020 - 31 Dec 2020 | 30 Jan 2021 | 64 | 18% | 34% | 48% | 82% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 56 | 4% | 65% | 31% | 96% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 52 | 25% | 46% | 29% | 75% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 37 | 83% | 7% | 10% | 17% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 41 | 51% | 29% | 20% | 49% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 19 | 79% | 14% | 7% | 21% |
Company Summary
ENSCO OFFSHORE U.K
LIMITED is a leading offshore drilling contractor that offers high-quality drilling services to the oil and gas industry
The company has a strong commitment to sustainability and strives to minimize its environmental impact through various initiatives
Their sustainability program includes reducing carbon emissions, promoting energy efficiency, and minimizing waste generation
They also prioritize the safety and well-being of their employees and the communities in which they operate
The company's main product and service is offshore drilling, which is essential for the exploration and production of oil and gas
They have a fleet of modern and technologically advanced drilling rigs that can operate in various offshore environments
The key people at ENSCO OFFSHORE U.K
LIMITED include the Managing Director, Andy Smith, and the Operations Director, David Grant
They are supported by a team of experienced and highly skilled professionals who ensure the success of the company's operations
For more information on their products and services, interested parties can visit their website at www.enscoplc.com
The registered office address of ENSCO OFFSHORE U.K
LIMITED is 6th Floor, 1 St
James's Square, London, SW1Y 4PD, United Kingdom
Company Review
Trend Analysis
The average time taken for ENSCO OFFSHORE U.K. LIMITED to pay invoices has been increasing over the past three periods. In the first period (2018-01-01 to 2018-06-30), the average time to pay was 19 days, but by the last period (2023-07-01 to 2023-12-31), it had increased to 58 days. This indicates a trend of slower invoice payments over time.
Volatility Analysis
The volatility of ENSCO OFFSHORE U.K. LIMITED's invoice payment patterns can be seen in the fluctuation of the percentage of invoices paid within 30 days and the percentage of invoices paid later than 60 days. These percentages have varied significantly between periods, with the biggest changes occurring in the third period (2019-01-01 to 2019-06-30) and the fifth period (2020-01-01 to 2020-06-30).
Summary Analysis
ENSCO OFFSHORE U.K. LIMITED has shown a trend of slower invoice payments over the past three periods. In the most recent period (2023-07-01 to 2023-12-31), the average time taken to pay invoices was 58 days, which is almost three times longer than in the first period (2018-01-01 to 2018-06-30). The percentage of invoices paid within 30 days has also decreased over the three periods, with the most recent period having the lowest percentage at 6%. The highest percentage of invoices paid later than 60 days was in the sixth period (2020-07-01 to 2020-12-31) at 31%, indicating a significant delay in payment during that time. However, there has been an improvement in the most recent period, with only 5% of invoices paid later than 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The reporting entity has standard payment terms of 60 days from receipt of the invoice for agreements with third-party suppliers and 30 days from receipt of the invoice for inter-company agreements. Variations to the standard terms exist based on negotiated agreements with certain counterparties.
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 reporting entity actively seeks to resolve disputes by discussing them with relevant suppliers. When it is not possible to reach a mutual agreement or resolution, a number of potential dispute resolution methods may be used, including mediation, arbitration and/or litigation.
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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
