EXPLORE 2050 ENGINEERING LIMITED
Company Information
- Company Number
- 05117890
- Registered Address
- Bridge Place, Anchor Boulevard Admirals Park, Crossways Dartford, Kent, DA2 6SN
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 4 May 2004
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Coming Soon
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
EXPLORE 2050 ENGINEERING LIMITED exhibits a strong general trend towards prompt payment, with an average payment time of 27 days and 77% of invoices settled within 30 days. This indicates consistent and timely remuneration for the majority of their obligations, positioning most payments within typical expected terms.
Volatility Analysis
Despite the favorable average, 22% of payments are processed late, with 4% extending beyond 60 days, introducing a moderate level of unpredictability. This persistent fraction of delayed payments, especially those significantly overdue, presents a risk to a supplier's consistent cash flow planning.
Summary Analysis
Overall, EXPLORE 2050 ENGINEERING LIMITED is a generally reliable client for payment, with most invoices settled quickly. Suppliers should factor in the 22% late payment rate, particularly the 4% that exceed 60 days, by potentially implementing early follow-up protocols for invoices nearing or past 30 days to mitigate prolonged delays.
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 Apr 2025 - 30 Sept 2025 | 14 Nov 2025 | 27 | 77% | 19% | 4% | 22% |
| 01 Oct 2024 - 31 Mar 2025 | 30 Apr 2025 | 23 | 81% | 14% | 5% | 17% |
| 01 Apr 2024 - 30 Sept 2024 | 30 Oct 2024 | 29 | 76% | 11% | 13% | 17% |
| 01 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 26 | 78% | 10% | 12% | 16% |
| 01 Apr 2023 - 30 Sept 2023 | 30 Oct 2023 | 25 | 79% | 11% | 10% | 12% |
| 01 Oct 2022 - 31 Mar 2023 | 29 Apr 2023 | 26 | 77% | 9% | 14% | 17% |
| 01 Apr 2022 - 30 Sept 2022 | 28 Oct 2022 | 36 | 55% | 22% | 23% | 17% |
| 01 Oct 2021 - 31 Mar 2022 | 03 May 2022 | 40 | 48% | 29% | 23% | 26% |
| 01 Apr 2021 - 30 Sept 2021 | 26 Oct 2021 | 35 | 58% | 24% | 18% | 25% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 38 | 50% | 30% | 20% | 10% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 42 | 42% | 31% | 27% | 10% |
| 01 Oct 2019 - 31 Mar 2020 | 26 Apr 2020 | 37 | 55% | 22% | 23% | 17% |
| 01 Apr 2019 - 30 Sept 2019 | 25 Oct 2019 | 43 | 42% | 25% | 33% | 12% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 60 | 11% | 34% | 55% | 17% |
| 01 Apr 2018 - 30 Sept 2018 | 28 Oct 2018 | 61 | 8% | 33% | 59% | 28% |
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
Payment terms are agreed with subcontractors and suppliers as part of contract negotiations and to comply with any statutory and client contractual requirements. Terms agreed range from 7 Days to 60 Days from month end of invoice
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The maximum contractual payment period is 60 Days from month end of invoice.
Maximum contractual payment period agreed
60
Dispute Resolution Process
"Laing O'Rourke Delivery Limited is committed to fair treatment of all its supply chain partners and promotes transparency and swift resolution of any dispute. For both supplier and subcontractor disputes the process will involve the Accounts Payable Department and may involve members of Procurement, Office Management and Commercial and where necessary other Senior Management. Subcontractor disputes will initially be addressed by the Project Commercial team. Following escalation to Senior Management, on rare occasions where it is not possible to reach an agreement suitable to both parties, other methods of dispute resolution may include but are not limited to mediation, adjudication, expert determination and/or arbitration.
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
EXPLORE 2050 ENGINEERING LIMITED is an active private limited company operating within the engineering sector
Its name indicates a specialisation in forward-thinking or future-oriented engineering projects and solutions
The company was incorporated on 4 May 2004 and holds company number 05117890
Its registered office is situated at Bridge Place, Anchor Boulevard Admirals Park, Crossways Dartford, Kent, DA2 6SN, placing it within the South East region
As an engineering limited company, typical services provided in the UK market include professional engineering design, consultation, and project management
Such organisations commonly offer expertise in areas such as research and development, technical analysis, and the implementation of engineering solutions across various industries
