BABCOCK MARINE (ROSYTH) LIMITED
Company Information
- Company Number
- SC333105
- Registered Address
- Rosyth Business Park, Rosyth, Dunfermline, Fife, KY11 2YD
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 30 October 2007
- Nature of Business
- 30110 - Building of ships and floating structures
- Industries
- Coming Soon
- Region
- Scotland
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
BABCOCK MARINE generally processes 65% of payments within 30 days, indicating a foundation of timely settlements. However, the average payment time of 32 days, coupled with 32% of payments being late, points to a consistent delay for a significant portion of invoices. A concerning 10% of payments extending beyond 60 days suggests a persistent trajectory of slower payments for a minority of transactions.
Volatility Analysis
Payment reliability is moderate, as 32% of invoices are paid late, introducing unpredictability regarding adherence to contractual due dates. The distribution shows 35% of payments occur beyond 30 days, with 10% taking over 60 days, which presents a significant risk factor for cash flow forecasting. This extended tail of payments introduces notable volatility, requiring suppliers to manage potential delays beyond standard terms.
Summary Analysis
Suppliers should approach BABCOCK MARINE with an understanding that approximately one-third of payments may be late, and 10% will experience substantial delays exceeding 60 days. Key decision factors include the supplier's capacity to absorb extended payment cycles and the criticality of predictable cash flow for their operations. Mitigation strategies could involve negotiating stricter payment terms for future contracts or implementing robust follow-up procedures for invoices approaching or exceeding 30 days.
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 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 29 | 67% | 26% | 7% | 27% |
| 01 Apr 2019 - 30 Sept 2019 | 29 Oct 2019 | 32 | 65% | 25% | 10% | 32% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 53 | 48% | 30% | 22% | 48% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 48 | 55% | 23% | 22% | 47% |
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 T&Cs are 60 days for new suppliers. We currently have a range of T&Cs in place with existing suppliers including terms at 7 days, 30 days and 60 days.
Were there any changes to the standard payment terms in the reporting period?
Transfer by agreement to 60 Days Net
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Dispute Resolution Process
Relationships with our suppliers are important to us. We rely on our suppliers to deliver high quality goods and services in order to meet the needs of our own customers. Suppliers should be notified in the event of any disputes, and our purchase contracts specify dispute escalation processes. We commit to treating suppliers fairly, and intend to resolve any identified disputes as quickly as possible. Point of Contact details are provided on purchase orders. This process is reviewed annually.
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.
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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?
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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
BABCOCK MARINE (ROSYTH) LIMITED is an active private limited company. Its name clearly indicates specialisation in marine-related activities, operating from the Rosyth location.
The company was incorporated on 30 October 2007 and operates under company number SC333105. Its registered office is located in Scotland at Rosyth Business Park, Rosyth, Dunfermline, Fife, KY11 2YD.
Companies active in the UK marine sector, particularly with a name indicating a specific operational base, typically provide services such as shipbuilding, ship repair, maintenance, and marine engineering. These offerings commonly support both naval and commercial vessels within the maritime industry.
