WILHELMSEN LINES CAR CARRIERS LTD.

Company Information

Company Number
05052221
Registered Address
C/O James Cowper Kreston The White Building, 1-4 Cumberland Place, Southampton, Hampshire, SO15 2NP
Status
Liquidation
Employee Count
8
Turnover
£98,771,000
EBITDA
£62,890,000

Additional Details

Company Type
Private limited Company
Incorporated On
23 February 2004
Nature of Business
50200 - Sea and coastal freight water transport
Industries
Road Travel
Region
South East

Time to Pay

Average Time to Pay
34 days
Shortest Period:30 days
Longest Period:45 days
Max Contractual:45 days

Payment Timeline

Within 30 Days
34%
31-60 Days
51%
After 60 Days
15%
Not Paid Within Terms12%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2019-03-20
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2018 - 31 Dec 201820 Mar 20193434%51%15%12%

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

30 days for office related payments 45 days for vessel related payments

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

45

Dispute Resolution Process

If there is any dispute relating to any invoice or other statement of payments due, WSM shall notify the Supplier in writing and the Supplier shall provide all such evidence as may be reasonably necessary to verify the disputed invoice or request for payment. Where only part of an invoice is disputed, the undisputed amount shall be paid by WSM on behalf of the Customer in accordance with Condition 8.2 provided that WSM has received from the Supplier a revised invoice in respect of the undisputed amount. The Supplier’s obligations to supply the Products shall not be affected by any payment dispute

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

WILHELMSEN LINES CAR CARRIERS LTD. is a global shipping and logistics company that specializes in the transportation of cars, trucks, and other vehicles. The company's sustainability program focuses on reducing its carbon footprint and promoting sustainable practices throughout its operations.

Their products and services include ocean transportation, port services, and logistics solutions for vehicle manufacturers, dealers, and importers. They have a fleet of modern and environmentally friendly vessels equipped with the latest technology for efficient and safe transportation.

Key people at WILHELMSEN LINES CAR CARRIERS LTD. include the CEO Thomas Wilhelmsen and the Chief Sustainability Officer, Inge Sandvik. They are committed to implementing sustainable practices and continuously improving their operations to reduce their environmental impact.

The company's website, www.wilhelmsen.com, provides information on their services, sustainability initiatives, and news updates. Their registered office address is in Lysaker, Norway.

In summary, WILHELMSEN LINES CAR CARRIERS LTD. is a leading global shipping company that prioritizes sustainability in its operations. With a focus on transportation of vehicles, they offer efficient and eco-friendly services to their clients. Their key people are dedicated to promoting sustainable practices, and their website provides comprehensive information for customers and stakeholders.

Financial Metrics

Cash
£2,804,878
Net Worth
£232,521,777
Total Current Assets
£13,599,738
Total Current Liabilities
£32,046,312

Company Location