WOOD GROUP UK LIMITED
Company Information
- Company Number
- SC296737
- Registered Address
- Sir Ian Wood House Hareness Road, Altens Industrial Estate, Aberdeen, Scotland, AB12 3LE
- Status
- Active
- Employee Count
- 4,685
- Turnover
- £922,066,000
- EBITDA
- £27,416,000
Additional Details
- Website
- https://www.woodgroup.com/
- Company Type
- Private limited Company
- Incorporated On
- 7 February 2006
- Nature of Business
- 09100 - Support activities for petroleum and natural gas extraction71129 - Other engineering activities
- Industries
- Property,Infrastructure And Construction
- Region
- Aberdeen
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 Jan 2025 - 30 Jun 2025 | 01 Aug 2025 | 53 | 24% | 38% | 38% | 77% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 50 | 30% | 43% | 27% | 51% |
| 01 Jun 2023 - 31 Dec 2023 | 25 Jan 2024 | 49 | 30% | 45% | 25% | 54% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 60 | 18% | 44% | 38% | 65% |
| 01 Jan 2020 - 30 Jun 2020 | 04 Aug 2020 | 45 | 32% | 44% | 24% | 67% |
| 01 Jul 2018 - 31 Dec 2018 | 01 Feb 2019 | 50 | 20% | 57% | 22% | 45% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 37 | 33% | 63% | 4% | 59% |
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
Our Standard payment terms are 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
Wood Group Uk Limited are committed to being financially responsible and acting with integrity. We endeavor to resolve all disputes in a fair and timely manner. Disputes are typically resolved by discussion between the supplier and the business focal point and in case escalation is required to the business grouping SVP and VP F & A.
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.
❌
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
WOOD GROUP UK LIMITED is a multinational company that provides engineering and technical services to the energy and industrial sectors
It was founded in 1912 and is headquartered in Aberdeen, Scotland
The company operates in over 60 countries and has a workforce of around 55,000 employees.\n\nThe company's sustainability program focuses on reducing its environmental impact, promoting diversity and inclusion, and supporting local communities
It has set ambitious targets to reduce its carbon footprint, increase the use of renewable energy, and minimize waste generation.\n\nWOOD GROUP UK LIMITED offers a wide range of services, including engineering, project management, maintenance, and decommissioning, to the oil and gas, nuclear, and renewable energy industries
The company also provides solutions for clean energy, digitalization, and automation.\n\nThe key people leading the company's operations include Robin Watson, the Chief Executive Officer, and Jeremy Asher, the Chairman of the Board
Both have extensive experience in the energy sector and are committed to driving sustainable growth for the company.\n\nThe company's registered office address is 15 Justice Mill Lane, Aberdeen, AB11 6EQ, United Kingdom
Its website address is www.woodplc.com, where customers can find more information about its services, sustainability efforts, and contact details
Overall, WOOD GROUP UK LIMITED is a leading player in the energy industry, committed to delivering innovative and sustainable solutions to its clients while minimizing its environmental impact
