AKER SOLUTIONS LIMITED
Company Information
- Company Number
- 04977339
- Registered Address
- 1 Park Row, Leeds, United Kingdom, LS1 5AB
- Status
- Active
- Employee Count
- 779
- Turnover
- £263,067,000
- EBITDA
- £31,845,000
Additional Details
- Website
- https://akersolutions.com/
- Company Type
- Private limited Company
- Incorporated On
- 26 November 2003
- Nature of Business
- 28990 - Manufacture of other special-purpose machinery not elsewhere classified
- Industries
- Coming Soon
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 | 29 Jul 2025 | 43 | 50% | 39% | 11% | 26% |
| 01 Jan 2024 - 30 Jun 2024 | 15 Jul 2024 | 37 | 65% | 26% | 8% | 18% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 84 | 49% | 22% | 29% | 37% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 48 | 26% | 39% | 35% | 15% |
| 01 Jan 2022 - 30 Jun 2022 | 13 Jul 2022 | 52 | 27% | 43% | 30% | 16% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 55 | 28% | 44% | 29% | 15% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 63 | 27% | 33% | 40% | 22% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 51 | 29% | 39% | 32% | 3% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 58 | 40% | 27% | 33% | 13% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 50 | 29% | 43% | 28% | 4% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 51 | 27% | 45% | 28% | 4% |
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
Aker Solutions’ standard payment terms state that payment of third-party invoices for goods and services will be made within 60 days of receipt of a correct, undisputed, and properly due VAT invoice. In certain circumstances, where it has been agreed in writing by a duly authorised representative, Aker Solutions’ standard payment terms may differ from the standard of 60 days. In any event, the payment terms that apply are clearly stated on each purchase order issued / raised.
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
Integrity is at the core of Aker Solutions’ values and, as such, the business endeavors to resolve all queries / disputes in a fair and timely manner. Queries / disputes are resolved by discussion and agreement with a supplier and are typically managed by the buyer responsible for the affected purchase order.
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
AKER SOLUTIONS LIMITED is a leading global provider of engineering, design, and technology solutions for the energy industry. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
Their sustainability program focuses on reducing carbon emissions, managing waste and water usage, and promoting employee health and safety. They also work closely with their suppliers and customers to ensure sustainable practices are implemented throughout their supply chain.
The company offers a wide range of products and services, including subsea production systems, drilling equipment, and maintenance and modifications for offshore platforms. They also provide digital solutions to improve efficiency and reduce costs in the energy sector.
The key people at AKER SOLUTIONS LIMITED include Kjetel Digre, the CEO, and Svein Stoknes, the CFO. Both have extensive experience in the energy industry and are committed to driving the company's sustainability efforts.
The company's website address is www.akersolutions.com, where customers can find information on their products and services, sustainability initiatives, and career opportunities. The registered office address is Oksenøyveien 10, 1366 Lysaker, Norway.
In summary, AKER SOLUTIONS LIMITED is a leading player in the energy industry, with a strong focus on sustainability. Their commitment to reducing their environmental impact, along with their innovative products and services, make them a key player in the global energy market.
