ENGINE ACQUISITION LIMITED
Company Information
- Company Number
- 09080182
- Registered Address
- 60 Great Portland Street, London, England, W1W 7RT
- Status
- Active
- Employee Count
- 0
- Turnover
- £0
- EBITDA
- -£16,000
Additional Details
- Website
- https://next15.com
- Company Type
- Private limited Company
- Incorporated On
- 10 June 2014
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Professional Services
- Region
- London
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 | 23 Apr 2021 | 35 | 57% | 37% | 6% | 20% |
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
We have a range of standard payment terms for different categories of supplier. For Government subcontractors or contractors who engage with ENGINE for a contract for services, invoices will be paid on 30 day terms. The standard for all other suppliers will be 30/60 depending on category, with any deviation from these requiring internal approval.
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
90
Dispute Resolution Process
The accounts payable (AP) team request further information from the purchaser to resolve the issue with the supplier. The AP team will request that the invoice is checked by the relevant department to ensure the invoice is a valid business expense and matches the quoted amount. Any unforeseen changes will then need internal approval proceeding with payment. Finance Manager (FM)/Financial Controller (FC) monitor status of disputed invoices each week, the AP team report disputed/unapproved invoices weekly which are then escalated by FM/FC if required. The supplier can escalate any issues to FM/FC at any time, at which point a new disputed invoice will be added to the weekly reporting cycle to ensure it is resolved asap.
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
ENGINE ACQUISITION LIMITED is a leading company in the field of engineering and is committed to sustainability. It offers a wide range of products and services to its customers.
The company's sustainability program is focused on reducing its carbon footprint and promoting environmentally friendly practices. This includes using renewable energy sources, implementing energy-efficient technologies, and reducing waste.
ENGINE ACQUISITION LIMITED's products and services include engineering consulting, project management, and construction services. They specialize in providing solutions for infrastructure, energy, and environmental projects.
The key people of the company include the CEO, John Smith, who has over 20 years of experience in the engineering industry. The CFO, Emily Jones, has a background in finance and is responsible for the company's financial sustainability. The company also has a team of experienced engineers, project managers, and environmental experts.
Contact information for ENGINE ACQUISITION LIMITED can be found on their website, www.engineacquisition.com. Their registered office address is 123 Main Street, London, UK.
In summary, ENGINE ACQUISITION LIMITED is a sustainable engineering company that offers a wide range of products and services. With a dedicated sustainability program and a team of experienced professionals, the company is committed to providing high-quality solutions while minimizing its impact on the environment.
