PETROFAC UK HOLDINGS LIMITED
Company Information
- Company Number
- 04597286
- Registered Address
- 117 Jermyn Street, London, SW1Y 6HH
- Status
- Active
- Employee Count
- 0
- Turnover
- Coming Soon
- EBITDA
- -£51,000
Additional Details
- Website
- https://petrofac.com
- Company Type
- Private limited Company
- Incorporated On
- 21 November 2002
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Professional Services
- Region
- London
Company Review
Trend Analysis
The data shows that the company's average time to pay invoices has fluctuated over the past three periods. It increased from 45 days in the first period (Jan 2018 - June 2018) to 85 days in the second period (Jan 2019 - June 2019). However, it then decreased to 30 days in the most recent period (Jan 2020 - June 2020). This suggests that the company has been working towards improving their payment efficiency.
Volatility Analysis
The company's percentage of invoices paid within 30 days has also varied over the past three periods. It was at its lowest in the second period (Jan 2019 - June 2019) with 0% of invoices paid within 30 days. However, it increased to 71% in the fourth period (July 2019 - Dec 2019) and remained relatively stable at 40% in the most recent period (Jan 2020 - June 2020). This suggests that the company has made efforts to pay a higher percentage of invoices within 30 days.
Summary Analysis
Overall, the data shows that the company's average time to pay invoices has decreased from 45 days to 27 days over the past three periods. The percentage of invoices paid within 30 days has also improved from 37% to 75%. However, the percentage of invoices paid later than 60 days has increased from 19% to 25%. This could indicate a slight delay in payments for some suppliers.
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 Jan 2021 - 30 Jun 2021 | 12 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 30 Jan 2021 | 27 | 75% | 0% | 25% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 21 Jul 2020 | 50 | 40% | 20% | 40% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 30 | 71% | 29% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 22 Jul 2019 | 85 | 0% | 40% | 60% | 0% |
| 30 Jun 2018 - 31 Dec 2018 | 30 Jan 2019 | 43 | 57% | 0% | 43% | 6% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 45 | 37% | 44% | 19% | 6% |
Payment Time Trends
Payment Distribution Trends
Company Summary
PETROFAC UK HOLDINGS LIMITED is a leading international service provider to the oil and gas industry. The company offers a range of services including engineering, construction, operations and maintenance, and training. PETROFAC has a strong commitment to sustainability and operates with a focus on environmental, social, and governance (ESG) practices.
As part of their sustainability program, PETROFAC has set ambitious targets to reduce their carbon emissions and increase the use of renewable energy sources. They also prioritize the safety and well-being of their employees and local communities, and actively engage in community development projects.
PETROFAC offers a wide range of products and services to their clients, including engineering and design, procurement, construction, and project management. They also provide training and development programs for the oil and gas industry, helping to build skills and expertise within the sector.
The key people at PETROFAC UK HOLDINGS LIMITED include Ayman Asfari, the Group Chief Executive, and Alastair Cochran, the Chief Financial Officer. The company has a strong leadership team and a dedicated workforce of over 11,000 employees.
For more information about PETROFAC UK HOLDINGS LIMITED, their products and services, and their sustainability program, you can visit their website at www.petrofac.com. Their registered office address is 1st Floor, 121 King Street, Aberdeen, AB24 5BD, United Kingdom.
