FORUM ENERGY TECHNOLOGIES (UK) LIMITED
Company Information
- Company Number
- SC238859
- Registered Address
- 2 Marischal Square, Broad Street, Aberdeen, Scotland, AB10 1DQ
- Status
- Active
- Employee Count
- 171
- Turnover
- £57,567,000
- EBITDA
- £10,152,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 30 October 2002
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Professional Services
- Region
- Scotland
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 2024 - 31 Dec 2024 | 03 Feb 2025 | 45 | 24% | 52% | 24% | 89% |
| 01 Jul 2018 - 31 Dec 2018 | 04 Feb 2019 | 51 | 19% | 57% | 24% | 78% |
| 01 Jan 2018 - 30 Jun 2018 | 02 Aug 2018 | 53 | 13% | 63% | 24% | 82% |
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
Generally 30 days, however the Company Supply Chain are renegotiating with vendors to 60 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
60
Dispute Resolution Process
Any complaints and concerns are handled by the UK Transactional Service Centre in a timely manner.
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
FORUM ENERGY TECHNOLOGIES (UK) LIMITED is a leading provider of products and services to the global energy industry. The company is committed to sustainability and has implemented several initiatives to reduce its environmental impact.
The company offers a wide range of products and services including drilling equipment, subsea systems, and production equipment. These products are designed to improve efficiency and safety in the energy sector.
FORUM ENERGY TECHNOLOGIES (UK) LIMITED has a strong focus on sustainability and has implemented various measures to reduce its carbon footprint. The company has invested in new technologies to reduce emissions and has implemented recycling and waste management programs in its operations.
The key people at FORUM ENERGY TECHNOLOGIES (UK) LIMITED include the CEO, Mark Gerard, who has over 25 years of experience in the energy industry. The company also has a dedicated team of engineers, technicians, and support staff who are committed to providing high-quality products and services to their customers.
For any inquiries or information, customers can contact FORUM ENERGY TECHNOLOGIES (UK) LIMITED through their website at www.f-e-t.com or at their registered office address at 1st Floor, 35 Great St. Helen's, London, EC3A 6AP. The company's commitment to sustainability, along with its innovative products and dedicated team, makes it a reliable partner for the energy industry.
