NOBLE DRILLING (LAND SUPPORT) LIMITED

PaymentCheck Score 2023
40Poor
vs last year
#4781 in UK
#224 in Scotland

Company Information

Company Number
SC118867
Registered Address
Pavilion 2 Kingshill Park Venture Drive, Westhill, Aberdeen, United Kingdom, AB32 6FL
Status
Active
Employee Count
28
Turnover
£14,261,000
EBITDA
-£652,000

Additional Details

Company Type
Private limited Company
Incorporated On
30 June 1989
Nature of Business
82110 - Combined office administrative service activities
Industries
Coming Soon
Region
Scotland

Time to Pay

Average Time to Pay
58 days
Shortest Period:30 days
Longest Period:45 days
Max Contractual:35 days

Payment Timeline

Within 30 Days
13%
31-60 Days
59%
After 60 Days
28%
Not Paid Within Terms28%

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: 2023-07-25
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2023 - 30 Jun 202325 Jul 20235813%59%28%28%
01 Jan 2022 - 30 Jun 202215 Jul 20225813%59%28%28%
01 Jan 2021 - 30 Jun 202128 Jul 20213172%22%6%6%
01 Jan 2020 - 30 Jun 202011 Aug 20203929%63%8%8%
01 Jan 2019 - 30 Jun 201925 Jul 20194215%77%8%8%
01 Jul 2018 - 31 Dec 201817 Jan 20193072%25%3%3%
01 Jan 2018 - 30 Jun 201825 Jul 20182887%11%2%0%

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

Standard payment terms with vendors is set as 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

35

Dispute Resolution Process

Normally these will be with price and/or quantity variances with our purchase orders or insufficient back-up to the vendor invoices. We pass the disputes to our supply chain department to liaise with the vendor to try and resolve the issue(s) and if an edit or update to our purchase order is required, our supply chain department will make the changes to allow our Accounts Payable department to process the invoice(s). If there is no change required to our purchase order then the vendor would have to re-submit their invoice to agree to our purchase order

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

NOBLE DRILLING (LAND SUPPORT) LIMITED is a British company that provides land support services for the drilling industry. They offer a range of services, including land rig management, equipment and personnel rental, and logistics support.

Their sustainability program focuses on reducing their environmental impact through efficient use of resources and promoting sustainable practices in their operations. They also prioritize the health and safety of their employees and the communities they operate in.

Their products and services include drilling rigs, well control equipment, and personnel services such as drilling crews and engineers. They also offer logistics support through their fleet of trucks and specialized equipment.

The key people at NOBLE DRILLING (LAND SUPPORT) LIMITED include their managing director, operations manager, and health and safety manager. They have a team of experienced professionals who are committed to providing high-quality services to their clients.

Their website address is www.nobledrilling.co.uk, where customers can find more information about their services and contact them for inquiries. Their registered office address is 2nd Floor, 2 Woodberry Grove, Finchley, London, N12 0DR, United Kingdom.

In summary, NOBLE DRILLING (LAND SUPPORT) LIMITED is a sustainable drilling support company in the UK that offers a range of services, including land rig management, equipment and personnel rental, and logistics support. They prioritize sustainability, health, and safety in their operations and have a team of experienced professionals dedicated to providing high-quality services.

Financial Metrics

Cash
£284,760
Net Worth
£771,223,842
Total Current Assets
£105,922,298
Total Current Liabilities
£103,782,543

Company Location