Their own payment-practices filing · gov.uk

Rowan Drilling (UK) Limited paid suppliers in 79 days on average — 49 days past its stated terms

CRN SC061864 · Professional & technical services · 12 statutory reports on record · period to 31 Dec 2023

Dated record. The latest report covers a period ending 31 Dec 2023 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

79daysavg time to pay · H2 2023

Their H2 2023 filing put the average 49 days past the 30-day term they state.

Their stated terms: 30 days
Paid outside agreed terms: 77% of invoices
Paid after 61+ days: 12%
Reporting period: 1 Jul 2023 – 31 Dec 2023
Source: their gov.uk filing, filed 31 Jan 2024

Self-reported figures from their statutory filing. How this is compiled.

Terms vs reality · their H2 2023 filing

Paid 49 days past their stated terms

PAIDLATE · terms vs the clockdays to pay · 0–90

avg 79d

0 days90 days

reported avg 79 days their filed terms 30 days UK median 31 days · n = 6,104 recent filers

Where their invoices landed · share of all invoices

within 30 days 15% 31–60 days 73% 61+ days 12%

Source: their statutory Payment Practices Report #81613, period 1 Jul 2023 – 31 Dec 2023, filed 31 Jan 2024 · gov.uk payment-practices service

Rowan Drilling (UK) Limited paid 49 days past its own stated terms. 77% of invoices still went outside agreed terms; 12% reached 61 days or more. Self-reported in their statutory H2 2023 filing.

The pattern · last 6 of 12 reports

59 → 79 days — slower across the window

PAIDLATE · the patternavg days per report

Last 6 of 12 filed reports · linear day scale · every period is in the table below · Source: gov.uk payment-practices service

20 days slower across the window. From 59 days in H1 2021 to 79 in the H2 2023 filing; the dashed line marks the 30-day term they state.

The read · computed from their figures

Rowan Drilling (UK) Limited's H2 2023 filing put their average at 79 days against stated terms of 30 days; 77% of invoices were paid outside agreed terms and 12% took 61 days or longer. Filed 31 Jan 2024.

The direction is slower: from 59 days in H1 2021 to 79 now — 20 days slower across their last 6 reports.

That is 12 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.

In their own words · from the filing

Standard payment terms

1. Existing vendors of this entity prior to the closing of the merger between Ensco plc and Rowan Companies plc operate under standard payment terms of 45 days from payment of invoice. 2. Following the closing of the merger between Ensco plc and Rowan Companies plc, new vendors of this entity were transitioned to, and operate under, the combined company’s standard payment terms, which is described as follows: The reporting entity has standard payment terms of 60 days from receipt of the invoice for agreements with third-party suppliers and 30 days from receipt of the invoice for inter-company agreements.

Dispute resolution

The reporting entity actively seeks to resolve disputes by discussing them with relevant suppliers. When it is not possible to reach a mutual agreement or resolution, a number of potential dispute resolution methods may be used, including mediation, arbitration and/or litigation.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H2 2023	79	77%	12%	31 Jan 2024
H1 2023	43	55%	19%	28 Jul 2023
H2 2022	170	53%	37%	30 Jan 2023
H1 2022	76	59%	16%	29 Jul 2022
H2 2021	76	54%	30%	31 Jan 2022
H1 2021	59	74%	53%	30 Jul 2021
H2 2020	89	73%	34%	27 Feb 2021
H1 2020	59	64%	27%	17 Aug 2020
H2 2019	80	89%	48%	25 Aug 2020
H1 2019	40	7%	7%	25 Aug 2020
H2 2018	32	36%	9%	29 Jan 2019
H1 2018	46	32%	12%	23 Jul 2018

On the public register · Companies House

Company record

Status: Liquidation
Type: Private Limited Company
Incorporated: 7 Mar 1977
Registered office: 1 WEST REGENT STREET, GLASGOW, G2 1AP

0 outstanding charges on the register Accounts due 30 Sept 2024

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 79-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 79-day vs a 30-day payment cycle.

≈ £31,000

of invoicing outstanding at any one time on a 79-day cycle — about £19,300 more than the same account would carry at 30-day terms.

Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.

Quick answers · Rowan Drilling (UK) Limited

Are they getting slower or faster?

Their reported average has moved about 20 days slower over the window (59 → 79 days).

What's their typical pay point?

Their latest filed report put the average at day 79; across their last 6 reports it ranged 43–170 days. Treat that as a historical reference point, not a promise for a new invoice.

Can I see what this means for my invoices?

Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.

Stay ahead

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How UK payment reporting works

What is a Payment Practices Report?

UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.

What does "paid outside agreed terms" mean?

The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.

How often is this data updated?

Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.

Is this official government data?

The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-SC061864 · latest period to 31 Dec 2023

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