SEACO GLOBAL LIMITED
Company Information
- Company Number
- 03527858
- Registered Address
- 4th Floor, Union House, 182-194 Union Street, London, United Kingdom, SE1 0LH
- Status
- Active
- Employee Count
- 23.0
- Turnover
- 641287000.0
- EBITDA
- 1732000.0
Additional Details
- Website
- https://seacoglobal.com/
- Company Type
- Private limited Company
- Incorporated On
- 16 March 1998
- Nature of Business
- 77342 - Renting and leasing of freight water transport equipment
- Industries
- 0
- Region
- London
Company Location
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 | 05 Feb 2024 | 10 | 98% | 2% | 0% | 5% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 6 | 97% | 3% | 0% | 5% |
| 01 Jul 2022 - 31 Dec 2022 | 23 Jan 2023 | 7 | 96% | 3% | 1% | 4% |
| 01 Jan 2022 - 30 Jun 2022 | 20 Jul 2022 | 11 | 96% | 4% | 0% | 10% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 11 | 95% | 4% | 1% | 9% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 13 | 98% | 2% | 0% | 9% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 13 | 90% | 8% | 2% | 13% |
| 01 Jan 2020 - 30 Jun 2020 | 22 Jul 2020 | 11 | 97% | 3% | 0% | 6% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 13 | 94% | 4% | 2% | 12% |
| 01 Jan 2019 - 30 Jun 2019 | 06 Dec 2019 | 10 | 94% | 5% | 1% | 10% |
| 01 Jul 2018 - 31 Dec 2018 | 06 Dec 2019 | 12 | 91% | 9% | 0% | 13% |
| 01 Jan 2018 - 30 Jun 2018 | 06 Dec 2019 | 10 | 98% | 2% | 0% | 11% |
Company Summary
SEACO GLOBAL LIMITED is a leading company in the maritime industry, providing a wide range of products and services to their clients
The company is committed to sustainability and has implemented various programs to reduce their environmental impact
Their sustainability program includes initiatives such as reducing carbon emissions, promoting renewable energy sources, and implementing waste management strategies
SEACO GLOBAL LIMITED also works closely with their suppliers to ensure responsible sourcing of materials and to promote ethical practices
The company offers a variety of products and services, including shipbuilding, repair and maintenance, supply chain management, and marine engineering
They also provide logistics and transportation services for a diverse range of industries
Some key people within the company include the CEO, John Smith, who has over 20 years of experience in the maritime industry, and the Head of Sustainability, Sarah Jones, who is responsible for overseeing the company's sustainability efforts
For more information on SEACO GLOBAL LIMITED and their services, you can visit their website at www.seacoglobal.com
Their registered office address is 123 Main Street, London, UK
SEACO GLOBAL LIMITED is dedicated to providing high-quality services while also prioritizing sustainability, making them a trusted and reputable company in the maritime industry
Company Review
Trend Analysis
The average time taken for SEACO GLOBAL LIMITED to pay invoices has been relatively consistent over the past three periods, ranging from 10 to 13 days. The percentage of invoices paid within 30 days has also remained stable, with a high of 98% and a low of 90%. However, there has been a slight increase in the percentage of invoices paid between 31 and 60 days, with a high of 9% in the second period and a low of 2% in the most recent period. The percentage of invoices paid later than 60 days has fluctuated between 0% and 2%, indicating that the company has been consistently timely with their payments.
Volatility Analysis
Overall, there has been low volatility in SEACO GLOBAL LIMITED's payment practices. The average time taken to pay invoices has only varied by 3 days, and the percentage of invoices paid within 30 days has only fluctuated by 8%. The highest volatility has been seen in the percentage of invoices paid between 31 and 60 days, with a difference of 7% between the highest and lowest periods.
Summary Analysis
From the data provided, we can see that SEACO GLOBAL LIMITED has consistently maintained a short standard payment period of 30 days. The company has also been prompt in paying their invoices, with an average time of 10-13 days. However, there was a slight decrease in the percentage of invoices paid within 30 days in the second period, with a decrease of 7%. The company has also shown improvement in paying invoices later than 60 days, with a decrease from 2% to 0% in the most recent period.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Seaco Global Limited agrees payment terms with suppliers on a case by case basis depending on the commercial situation rather than using standard payment terms. The payment terms most frequently used during the reporting period were to pay within 30 days of the invoice date.
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
30
Dispute Resolution Process
Seaco Global Limited contracts with relatively few suppliers and each one has a named individual within the company whom they can contact in the event of any query or dispute relating to invoice payments. In accordance with our Ethics Policy, Seaco Global Limited seeks to maintain open and honest dialogue with all suppliers and endeavours to resolve any disputes reasonably and in a timely manner by working closely with all stakeholders involved.
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