Business Pensacola

Port of Pensacola still battles past due receivables

January 17, 2013

hayward_global1200
The Port of Pensacola’s account receivables have dropped over the period of Nov. 30, 2012 to Jan. 15, 2013 —going from $506,939 to $393,107. However, the invoices that are more than 90 days old jumped from $122,186 to $166,854.

Three biggest receivables are NWF Cold Storage ($217,637), Halcorp ($55,375) and Pensacola Stevedoring ($38,733). The latter two are current and Pensacola Stevedoring has paid all of its past invoices.

However, Pensacola Stevedoring’s sister company, NWF Cold Storage, continues to be in arrears.

All Receivables 11/30/12 1/15/13
Current  $221,976.47  $179,904.73
30-59 days  $56,407.05  $11,651.71
60-89 days  $105,822.93  $34,696.35
90-119 days  $12,251.71  $45,067.48
Over 120 days  $109,935.04  $121,786.75
 $506,393.20  $393,107.02
Over 90 days  $122,186.75  $166,854.23
Pensacola Stevedores 11/30/12 1/15/13
Current  $60,433.97  $38,732.70
30-59 days  $2,489.70  $-
60-89 days  $40,903.74  $-
90-119 days  $-  $-
Over 120 days  $-  $-
 $103,827.41  $38,732.70
NWF Cold Storage 11/30/12 1/15/13
Current  $11,651.71  $13,234.77
30-59 days  $25,896.35  $11,651.71
60-89 days  $56,119.19  $25,896.35
90-119 days  $12,251.71  $45,067.48
Over 120 days  $109,935.04  $121,786.75
 $215,854.00  $217,637.06

Here is the entire spreadsheet:port ar rpt as of 1-15-13

  • ship of dreams January 18, 2013 at 7:07 am

    I will ask this question again – are these tenants in default on their leases due to the delinquency of their payments? Great question to ask Rick. Seems like the port is in a no mans land, no ability to attract new tenants and can’t default existing tenants because they justify port staff jobs. Mayor needs to take a stand here and make something happen. That property is terribly underutilized as is all other downtown city property.

  • free ride January 17, 2013 at 9:15 pm

    Pate is not a vendor – they are a damn partner. Is the port charging interest on the past due balances?