BUREAU VERITAS SOLUTIONS MARINE OFFSHORE LIMITED

Company Information

Company Number
SC380777
Registered Address
13 Queen's Road, Aberdeen, United Kingdom, AB15 4YL
Status
Active
Employee Count
26.0
Turnover
4309148.0
EBITDA
1216106.0

Additional Details

Company Type
Private limited Company
Incorporated On
21 June 2010
Nature of Business
74909 - Other professional, scientific and technical activities not elsewhere classified
Industries
Property,Infrastructure And Construction,Travel And Transportation
Region
Aberdeen

Company Location

Google
Map data ©2025
Map data ©2025

Financial Metrics

Cash
£10,609.00
Net Worth
£2,300,113.00
Total Current Assets
£1,704,897.00
Total Current Liabilities
£8,831,516.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-01-31

Time to Pay

Average Time to Pay
52 days
Shortest Period:60 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
68%
31-60 Days
16%
After 60 Days
16%
Not Paid Within Terms16%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Time Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 2020Jun 2020Dec 201804080120160

Payment Distribution Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 2020Jun 2020Dec 2018020406080

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202331 Jan 20245268%16%16%16%
01 Jan 2023 - 30 Jun 202328 Jul 20233477%16%6%6%
01 Jul 2022 - 31 Dec 202206 Feb 20234367%16%17%17%
01 Jan 2022 - 30 Jun 202205 Aug 20225066%20%14%14%
01 Jul 2021 - 31 Dec 202117 Jan 20224574%16%10%10%
01 Jan 2021 - 30 Jun 202130 Jul 202114562%7%31%60%
01 Jul 2020 - 31 Dec 202009 Feb 20217949%19%32%32%
01 Jan 2020 - 30 Jun 202030 Jul 2020244%57%39%39%
01 Jul 2018 - 31 Dec 201831 Jul 20193060%34%6%40%

Company Summary

BUREAU VERITAS SOLUTIONS MARINE & OFFSHORE LIMITED is a global company that provides inspection, testing, certification, and technical consultancy services for the marine and offshore industries

They have a strong focus on sustainability and offer a wide range of products and services to promote environmentally friendly practices in these industries

Their sustainability program includes initiatives such as reducing carbon emissions, promoting renewable energy sources, and implementing sustainable practices in their operations

They also provide training and support to help their clients achieve sustainable goals

The company's key people include Didier Michaud-Daniel, the Chief Executive Officer, and Philippe Donche-Gay, the President of Marine & Offshore

They both have extensive experience in the industry and are committed to driving the company's sustainability efforts

BUREAU VERITAS SOLUTIONS MARINE & OFFSHORE LIMITED's products and services include classification and certification of ships and offshore structures, risk management and compliance services, and technical consultancy for complex projects

They also offer digital solutions to help their clients optimize their operations and reduce environmental impact

The company's website is www.bureauveritas.com and their registered office address is Bureau Veritas Solutions Marine & Offshore Limited, 5 New Street Square, London, EC4A 3TW, United Kingdom

Company Review

Trend Analysis

The trend for BUREAU VERITAS SOLUTIONS MARINE & OFFSHORE LIMITED's average time to pay invoices has been fluctuating over the past three periods, with a significant increase in 2021 and a decrease in 2022, followed by another increase in 2023.

Volatility Analysis

The volatility in the percentage of invoices paid within 30 days has been relatively low, with a slight decrease in the most recent period. However, there has been significant volatility in the percentage of invoices paid between 31 and 60 days, with a sharp increase in 2021 and a decrease in 2022. The percentage of invoices paid later than 60 days has also been volatile, with a decrease in 2022 and an increase in 2023.

Summary Analysis

In the past three periods, BUREAU VERITAS SOLUTIONS MARINE & OFFSHORE LIMITED has seen a decrease in their average time to pay invoices, from 79 days in 2020 to 34 days in 2023. This is largely due to an increase in the percentage of invoices paid within 30 days, from 4% in 2020 to 77% in 2023. However, there has also been an increase in the percentage of invoices paid later than 60 days, from 39% in 2020 to 16% in 2023. The company's best period for early payment was in 2023, with 77% of invoices paid within 30 days, while their worst period for late payment was in 2021, with 39% of invoices paid later than 60 days.

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Standard Terms and Conditions are 60 days from date of invoice

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

No

Any other information about payment terms

N/A

Maximum contractual payment period agreed

60

Dispute Resolution Process

Disputed invoices are queried between the purchaser and the supplier in the first instance. If the purchaser cannot get to a resolution the query is escalated to the accounts payable team to resolve. Invoices are not approved for payment until the query is resolved.

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

BESbswy