VALARIS PLC
Company Information
- Company Number
- 07023598
- Registered Address
- Suite 3 Regency House, 91 Western Road, Brighton, BN1 2NW
- Status
- Liquidation
- Employee Count
- 5,124
- Turnover
- £1,547,483,000
- EBITDA
- -£1,506,406,000
Additional Details
- Website
- https://valaris.com
- Company Type
- Public limited Company
- Incorporated On
- 18 September 2009
- Nature of Business
- 09100 - Support activities for petroleum and natural gas extraction
- Industries
- Energy
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
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 Jul 2020 - 31 Dec 2020 | 30 Jan 2021 | 20 | 80% | 20% | 0% | 20% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 15 | 96% | 4% | 0% | 4% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 34 | 33% | 33% | 34% | 67% |
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
30
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.
❌
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?
❌
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
VALARIS PLC is a leading provider of offshore drilling services to the global energy industry. They operate a fleet of modern and versatile drilling rigs, offering a range of services including drilling, completion, and maintenance of offshore wells.
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact. This includes utilizing energy-efficient equipment, implementing waste reduction programs, and promoting safe and responsible operations.
Their products and services are tailored to meet the specific needs of their clients, which include major oil and gas companies, independent operators, and national oil companies. They offer a wide range of drilling solutions, from shallow water to ultra-deepwater, and have a strong track record of delivering safe and efficient operations.
VALARIS PLC is led by a team of experienced industry professionals, including CEO and President Tom Burke. They are dedicated to maintaining the company's reputation for excellence and delivering value to their customers.
For more information on VALARIS PLC and their services, you can visit their website at www.valaris.com. Their registered office address is 110 Cannon Street, London, EC4N 6EU, United Kingdom.
