JDR CABLE SYSTEMS LIMITED

PaymentCheck Score 2025
28Poor
3.0vs last year
#4350 in UK
#212 in Scotland

Company Information

Company Number
SC186794
Registered Address
Mazars Capital Square, 58 Morrison Street, Edinburgh, United Kingdom, EH3 8BP
Status
Active
Employee Count
440
Turnover
£101,642,000
EBITDA
£4,847,000

Additional Details

Company Type
Private limited Company
Incorporated On
15 June 1998
Nature of Business
70100 - Activities of head offices
82990 - Other business support service activities not elsewhere classified
Industries
Coming Soon
Region
Scotland

Time to Pay

Average Time to Pay
54 days
Shortest Period:30 days
Longest Period:90 days
Max Contractual:75 days

Payment Timeline

Within 30 Days
17%
31-60 Days
46%
After 60 Days
37%
Not Paid Within Terms99%

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: 2025-07-22
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202522 Jul 20255417%46%37%99%
01 Jul 2024 - 31 Dec 202422 Jan 20255619%48%33%97%
01 Jan 2024 - 30 Jun 202415 Jul 20245323%44%33%89%
01 Jul 2023 - 31 Dec 202319 Jan 202412518%45%37%97%
01 Jan 2023 - 30 Jun 202309 Jul 20236129%39%32%88%
01 Jul 2022 - 31 Dec 202218 Jan 202310734%41%25%88%
01 Jan 2022 - 30 Jun 202214 Jul 20229627%50%23%97%
01 Jul 2021 - 31 Dec 202119 Jan 20226039%43%18%96%
01 Jan 2021 - 30 Jun 202114 Jul 20213545%46%9%82%
01 Jul 2020 - 31 Dec 202012 Apr 20215130%50%20%96%
01 Jul 2018 - 31 Dec 201821 Jan 20193741%49%10%89%

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

Payment terms are negotiated on a supplier by supplier basis. 30 days from end of month of invoice is the most common.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

Our largest supplier, included in all the above statistics, is a related company by common ownership and we are not strictly held to contractual terms on those invoices, which contributes to the delays apparent in our headline statistics. Removing this related part from the statistics would significantly improve the average days to pay invoices.

Maximum contractual payment period agreed

75

Dispute Resolution Process

Concerns about supplier payment terms will be raised in the first instance with the Procurement team member in charge of that relationship. Any discussions will be supported by the finance / payments teams.

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

JDR CABLE SYSTEMS LIMITED is a leading provider of subsea power cables and umbilical systems for the global offshore energy industry. The company has over 40 years of experience in designing, manufacturing, and delivering reliable and high-quality products to their customers.

JDR's sustainability program is an integral part of their business operations. They are committed to minimizing their environmental impact by reducing carbon emissions, waste, and water usage. They also prioritize the health and safety of their employees and promote diversity and inclusion in their workforce.

The company's main products and services include subsea power cables, subsea umbilicals, and intervention workover control systems. These products are used in offshore wind, oil and gas, and renewable energy projects. JDR's state-of-the-art manufacturing facilities, coupled with their engineering expertise, enable them to deliver custom solutions for their clients' specific needs.

The key people at JDR include their CEO Richard Turner, who has over 30 years of experience in the industry, and their Chief Technology Officer, Carl Pilmer, who has over 25 years of experience in subsea engineering. Their team of highly skilled engineers and technicians are dedicated to delivering innovative and efficient solutions to their clients.

For more information on JDR's products and services, their website is www.jdrcables.com. Their registered office address is 5th Floor, 60 Gracechurch Street, London, EC3V 0HR, United Kingdom. JDR CABLE SYSTEMS LIMITED is committed to providing sustainable and reliable solutions for the offshore energy industry while prioritizing the well-being of their employees and the environment.

Financial Metrics

Cash
£10,647,000
Net Worth
£45,650,000
Total Current Assets
£79,964,000
Total Current Liabilities
£60,322,000

Company Location