ROWAN DRILLING UK LIMITED
Company Information
- Company Number
- SC061864
- Registered Address
- 6 Queens Road, Aberdeen, Scotland, AB15 4ZT
- Status
- Active
- Employee Count
- 0
- Turnover
- Coming Soon
- EBITDA
- £699,000
Additional Details
- Website
- https://rowancompanies.com
- Company Type
- Private limited Company
- Incorporated On
- 7 March 1977
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Professional Services
- Region
- Scotland
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for ROWAN DRILLING (UK) LIMITED to pay invoices to suppliers has fluctuated over the past three periods, with an increase in the most recent period.
Volatility Analysis
The volatility in the average time taken to pay invoices has been relatively high over the past three periods, with a significant increase in the most recent period.
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 2023 - 31 Dec 2023 | 31 Jan 2024 | 79 | 15% | 73% | 12% | 77% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 43 | 11% | 70% | 19% | 55% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 170 | 10% | 53% | 37% | 53% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 76 | 13% | 71% | 16% | 59% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 76 | 23% | 47% | 30% | 54% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 59 | 15% | 32% | 53% | 74% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Feb 2021 | 89 | 32% | 34% | 34% | 73% |
| 01 Jan 2020 - 30 Jun 2020 | 17 Aug 2020 | 59 | 59% | 14% | 27% | 64% |
| 01 Jul 2019 - 31 Dec 2019 | 25 Aug 2020 | 80 | 10% | 42% | 48% | 89% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Aug 2020 | 40 | 35% | 58% | 7% | 7% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 32 | 67% | 24% | 9% | 36% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 46 | 40% | 48% | 12% | 32% |
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
1. Existing vendors of this entity prior to the closing of the merger between Ensco plc and Rowan Companies plc operate under standard payment terms of 45 days from payment of invoice. 2. Following the closing of the merger between Ensco plc and Rowan Companies plc, new vendors of this entity were transitioned to, and operate under, the combined company’s standard payment terms, which is described as follows: 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.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
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.
❌
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
ROWAN DRILLING (UK) LIMITED is a leading offshore drilling contractor based in the United Kingdom. Founded in 1923, the company has a long history of providing safe and efficient drilling services to the oil and gas industry.
The company's sustainability program is centered around responsible environmental practices and promoting the well-being of local communities. They have implemented various initiatives to reduce their carbon footprint, such as using renewable energy sources and minimizing waste generation. ROWAN DRILLING also supports local communities through various social responsibility projects.
ROWAN DRILLING offers a range of drilling services, including exploration, development, and production drilling. They have a fleet of state-of-the-art drilling rigs equipped with advanced technology to ensure efficient and safe operations. The company also provides project management and engineering services to their clients.
The key people at ROWAN DRILLING include the Chief Executive Officer, Tom Burke, and the Chief Financial Officer, Karen Smith. They lead a team of highly skilled and experienced professionals who are committed to providing top-notch drilling services.
To contact ROWAN DRILLING, you can visit their website at www.rowandrilling.co.uk. Their registered office address is at 20 Canada Square, London, E14 5LH, United Kingdom. Overall, ROWAN DRILLING (UK) LIMITED is a reputable and sustainable company that continues to be a trusted partner in the oil and gas industry.
