ENSCO SERVICES LIMITED
Company Information
- Company Number
- 04605864
- Registered Address
- Cannon Place, 78 Cannon Street, London, England, EC4N 6AF
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 2 December 2002
- Nature of Business
- 09100 - Support activities for petroleum and natural gas extraction
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
ENSCO SERVICES LIMITED demonstrates a consistent trend of slow payments, with an average payment time of 59 days. A dominant 92% of payments fall into the 31-60 day or over 60 day categories, indicating a clear trajectory towards extended payment cycles. Only 8% of invoices are settled within 30 days, confirming a pattern of delayed settlement.
Volatility Analysis
The high 64% late payment rate significantly impacts cash flow predictability for suppliers dealing with ENSCO SERVICES LIMITED. With 41% of payments extending beyond 60 days, the company presents a high-risk profile for timely settlement. While 51% pay within 31-60 days, the substantial portion of very late payments introduces significant volatility and unreliability in payment schedules.
Summary Analysis
ENSCO SERVICES LIMITED poses a high payment risk due to its average 59-day payment time and 64% late payment rate. Suppliers should anticipate extended payment cycles and potential cash flow strain, making clear upfront payment terms or requiring deposits crucial for engagement. Implementing stricter credit limits, shorter net terms, and considering late payment penalties are recommended risk mitigation strategies for this client.
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 2025 - 30 Jun 2025 | 07 Aug 2025 | 59 | 8% | 51% | 41% | 64% |
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
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 information available
Any other information about payment terms
No additional information
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
Company Summary
ENSCO SERVICES LIMITED is an active private limited company established to provide services
Incorporated on 2 December 2002, the company is registered in London under company number 04605864
Its registered office is located at Cannon Place, 78 Cannon Street, London, England, EC4N 6AF
Private limited companies in the UK are established legal entities capable of providing a wide array of goods or services across numerous industries
