SMS ENERGY SERVICES LIMITED

PaymentCheck Score 2024
71Fair
1.3vs last year
#2825 in UK
#167 in Professional Services
#38 in Wales

Company Information

Company Number
03197379
Registered Address
Prennau House Copse Walk, Cardiff Gate Business Park, Pontprennau, Cardiff, Wales, CF23 8XH
Status
Active
Employee Count
305
Turnover
£28,244,000
EBITDA
-£159,000

Additional Details

Company Type
Private limited Company
Incorporated On
13 May 1996
Nature of Business
74909 - Other professional, scientific and technical activities not elsewhere classified
Industries
Professional Services,Property,Infrastructure And Construction
Region
Wales

Time to Pay

Average Time to Pay
26 days
Shortest Period:0 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
68%
31-60 Days
28%
After 60 Days
4%
Not Paid Within Terms39%

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: 2025-01-21
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202421 Jan 20252668%28%4%39%
01 Jan 2024 - 30 Jun 202425 Jul 20243666%27%7%37%
01 Jul 2023 - 31 Dec 202330 Jan 20243265%27%8%41%
01 Jul 2021 - 31 Dec 202128 Jan 20224367%18%15%32%
01 Jan 2021 - 30 Jun 202126 Jul 20213873%13%14%27%

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

NET30

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

n/a

Maximum contractual payment period agreed

60

Dispute Resolution Process

Our dispute resolution process is detailed in each contract under a dispute resolution clause which may vary per contract. If a resolution cannot be found between senior staff, mediation can be sought and court proceedings would follow if necessary.

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

SMS Energy Services Limited is a UK-based company that provides a wide range of energy services to clients in the oil and gas industry. The company was founded in 2005 and has since become a leading provider of sustainable energy solutions.

The company's sustainability program is a key aspect of its operations, with a strong focus on reducing carbon emissions and promoting renewable energy sources. This includes implementing energy-efficient practices in its own operations as well as offering sustainable solutions to clients.

SMS Energy Services Limited offers a variety of products and services, including engineering, procurement, construction, and maintenance services for oil and gas projects. They also provide renewable energy solutions such as solar power, wind power, and biomass energy.

The key people at SMS Energy Services Limited include a team of experienced engineers, project managers, and sustainability experts who work together to deliver high-quality services to clients. The company also has a strong commitment to employee development and training, ensuring that their team is constantly up-to-date with the latest industry trends and techniques.

For more information on SMS Energy Services Limited and their services, you can visit their website at www.smsenergyservices.com. Their registered office address is located at 1-5 Argyle Street, Bath, BA2 4BA, United Kingdom.

Financial Metrics

Cash
£5,524,721
Net Worth
£36,936,898
Total Current Assets
£83,614,588
Total Current Liabilities
£80,569,732

Company Location