AWILCO DRILLING PLC

PaymentCheck Score 2021
62Fair
0.3vs last year
#3514 in UK
#329 in Property
#1391 in London

Company Information

Company Number
07114196
Registered Address
7th Floor 50 Broadway, London, United Kingdom, SW1H 0BL
Status
Active
Employee Count
38
Turnover
£0
EBITDA
-£119,557,000

Additional Details

Company Type
Public limited Company
Incorporated On
30 December 2009
Nature of Business
09100 - Support activities for petroleum and natural gas extraction
Industries
Property,Infrastructure And Construction
Region
London

Time to Pay

Average Time to Pay
33 days
Shortest Period:7 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
43%
31-60 Days
56%
After 60 Days
1%
Not Paid Within Terms40%

Payment Features

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

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2021-09-01
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2021 - 30 Jun 202101 Sept 20213343%56%1%40%
01 Jul 2020 - 31 Dec 202014 Feb 20213147%52%1%33%
01 Jan 2020 - 30 Jun 202018 Aug 20203045%55%0%67%
01 Jul 2019 - 31 Dec 201904 Feb 20203339%61%1%39%
01 Jan 2018 - 30 Jun 201806 Aug 20183437%63%0%34%

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

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

Refer to purchasing department who will contact supplier to resolve.

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

AWILCO DRILLING PLC is a leading offshore drilling company that provides drilling services to the oil and gas industry. The company is committed to sustainable practices and has implemented a sustainability program to minimize the environmental impact of its operations.

The company's primary service is the provision of drilling rigs for offshore exploration and production activities. They have a fleet of modern and high-specification rigs that are equipped with advanced technology to ensure safe and efficient operations.

AWILCO DRILLING PLC's sustainability program includes measures to reduce greenhouse gas emissions, minimize waste, and promote the use of renewable energy sources. They also have a strong focus on safety and have implemented strict safety protocols to protect their employees and the environment.

The key people at AWILCO DRILLING PLC include the CEO, Jon Oliver Bryce, and the Chairman, David C. Stover. They have a team of experienced professionals who are dedicated to providing top-notch services to their clients.

The company's registered office address is at 5th Floor, 130 Aztec, Aztec West, Almondsbury, Bristol, BS32 4UB, United Kingdom. Their website address is www.awilcodrilling.com, where interested parties can find more information about the company and its services.

In summary, AWILCO DRILLING PLC is a sustainable and reputable offshore drilling company that offers high-quality services to the oil and gas industry. With a focus on sustainability and a team of experienced professionals, the company is well-equipped to meet the evolving needs of the industry and its clients.

Financial Metrics

Cash
£7,180,980
Net Worth
-£102,664,564
Total Current Assets
£9,311,822
Total Current Liabilities
£111,858,321

Company Location