ROWAN DRILLING UK LIMITED

Company Information

Company Number
SC061864
Registered Address
6 Queens Road, Aberdeen, Scotland, AB15 4ZT
Status
Active
Employee Count
0.0
Turnover
0.0
EBITDA
699000.0

Additional Details

Company Type
Private limited Company
Incorporated On
7 March 1977
Nature of Business
70100 - Activities of head offices
Industries
0
Region
Aberdeen

Company Location

Google
Map data ©2025
Map data ©2025

Financial Metrics

Cash
£46,902.00
Net Worth
£57,914,443.00
Total Current Assets
£59,815,623.00
Total Current Liabilities
£808.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-01-31

Time to Pay

Average Time to Pay
79 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
15%
31-60 Days
73%
After 60 Days
12%
Not Paid Within Terms77%

Payment Features

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

Payment Time Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 2020Jun 2020Dec 2019Jun 2019Dec 2018Jun 201804590135180

Payment Distribution Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 2020Jun 2020Dec 2019Jun 2019Dec 2018Jun 2018020406080

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202331 Jan 20247915%73%12%77%
01 Jan 2023 - 30 Jun 202328 Jul 20234311%70%19%55%
01 Jul 2022 - 31 Dec 202230 Jan 202317010%53%37%53%
01 Jan 2022 - 30 Jun 202229 Jul 20227613%71%16%59%
01 Jul 2021 - 31 Dec 202131 Jan 20227623%47%30%54%
01 Jan 2021 - 30 Jun 202130 Jul 20215915%32%53%74%
01 Jul 2020 - 31 Dec 202027 Feb 20218932%34%34%73%
01 Jan 2020 - 30 Jun 202017 Aug 20205959%14%27%64%
01 Jul 2019 - 31 Dec 201925 Aug 20208010%42%48%89%
01 Jan 2019 - 30 Jun 201925 Aug 20204035%58%7%7%
01 Jul 2018 - 31 Dec 201829 Jan 20193267%24%9%36%
01 Jan 2018 - 30 Jun 201823 Jul 20184640%48%12%32%

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

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.

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

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