ENERMECH LIMITED
Company Information
- Company Number
- SC338731
- Registered Address
- 12-16 Albyn Place, Aberdeen, Scotland, AB10 1PS
- Status
- Active
- Employee Count
- 894
- Turnover
- £132,164,000
- EBITDA
- -£12,184,000
Additional Details
- Website
- https://enermech.com/
- Company Type
- Private limited Company
- Incorporated On
- 1 March 2008
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Professional Services
- Region
- Scotland
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The data for ENERMECH LIMITED shows a decrease in the average time taken to pay invoices over the three periods analysed. In the first period (Jan 2018 - June 2018), the average time was 66 days, which decreased to 61 days in the third period (Jan 2019 - June 2019). This indicates that the company has been improving in terms of prompt payment to suppliers.
Volatility Analysis
The data for ENERMECH LIMITED also shows a decrease in the percentage of invoices paid later than 60 days and an increase in the percentage of invoices paid within 30 days. This indicates that the company has become more consistent in their payment patterns and has been making efforts to pay invoices on time.
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 2019 - 30 Jun 2019 | 03 Sept 2019 | 61 | 16% | 30% | 54% | 56% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 66 | 15% | 27% | 58% | 60% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 66 | 13% | 29% | 58% | 61% |
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 used are 60 days of receipt of a correctly prepared and adequately supported invoice. https://www.enermech.com/downloads/terms-and-conditions/44-enermech-standard-terms-conditions-of-purchase
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Supplier payment runs are carried out once a week which can lead to payment being made a few days over the payment terms leading to the average of 61 days.
Maximum contractual payment period agreed
90
Dispute Resolution Process
Suppliers are notified of any disputes with their invoices by our EnerMech Accounts team. All communication is made via our dedicated mailbox - accounts@enermech.com. Once any disputes have been resolved payment will be made in line with the agreed terms.
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?
❌
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
ENERMECH LIMITED is a global provider of integrated engineering solutions to the energy and infrastructure sectors. The company was founded in 2008 and is headquartered in Aberdeen, Scotland.
The company offers a wide range of services including mechanical, electrical and instrumentation, lifting and handling, and maintenance and inspection solutions. They serve various industries such as oil and gas, power generation, renewables, and petrochemicals.
ENERMECH LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have a sustainability program in place that focuses on reducing carbon emissions, waste management, and promoting sustainable practices throughout their operations.
The company's products and services are designed to support their sustainability goals. They offer energy-efficient solutions and work closely with their clients to develop sustainable solutions for their projects.
The key people at ENERMECH LIMITED include the CEO, Doug Duguid, and the Executive Director, Martin Wilson. They lead a team of experienced professionals who are dedicated to delivering high-quality and sustainable solutions to their clients.
The company's website (www.enermech.com) provides information on their services, projects, and sustainability efforts. Their registered office address is ENERMECH House, Howemoss Drive, Kirkhill Industrial Estate, Dyce, Aberdeen, AB21 0GP, United Kingdom.
In summary, ENERMECH LIMITED is a leading global provider of engineering solutions with a strong commitment to sustainability. Their wide range of services, focus on sustainability, and experienced leadership make them a reputable and reliable partner for energy and infrastructure projects.
