| 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 Jul 2025 - 31 Dec 2025 | 30 Jan 2026 | 45 | 52% | 26% | 22% | 53% |
| 01 Jan 2025 - 30 Jun 2025 | 29 Aug 2025 | 44 | 45% | 35% | 20% | 58% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 47 | 51% | 24% | 25% | 47% |
| 01 Jan 2024 - 30 Jun 2024 | 10 Sept 2024 | 35 | 58% | 29% | 13% | 43% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 29 | 66% | 27% | 6% | 78% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 24 | 76% | 18% | 6% | 22% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 35 | 52% | 37% | 11% | 49% |
| 01 Jan 2022 - 30 Jun 2022 | 15 Jul 2022 | 31 | 65% | 26% | 9% | 26% |
| 01 Jul 2021 - 31 Dec 2021 | 06 Jan 2022 | 31 | 68% | 23% | 9% | 35% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 28 | 67% | 25% | 8% | 34% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 65 | 56% | 27% | 16% | 35% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 39 | 53% | 35% | 12% | 42% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 40 | 50% | 40% | 10% | 44% |
| 01 Jul 2018 - 31 Dec 2018 | 17 Jan 2019 | 52 | 48% | 35% | 17% | 54% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 34 | 56% | 34% | 10% | 49% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our company is part of the Schlumberger group of companies and based on its group policies and processes, there are a range of payment terms being followed depending on the suppliers and terms negotiated. In this reporting period, the most frequent payment terms are 50-70 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
180
3rd party: Although dispute resolution provisions are contained in most of our supplier contracts, our company seeks to resolve all supplier disputes amicably. In most cases, in the event of a supplier dispute, an email is sent to our central AP help desk and is prioritized by an AP business partner for resolution. Disputes are generally resolved within 4 to 7 working days. The AP business partner communicates with both parties (external and internal) to collate the required information to help resolve the dispute. Intercompany : A large proportion of the supplier payments this company makes are intercompany payments. Any reconciliation differences are identified by the intercompany team, which are then directed to the Procurement department/Sales department/General Accounting team in the financial hub to be resolved. If necessary, disputes are escalated to the relevant finance controllers. The aim is to resolve the dispute by the next intercompany settlement date.
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
ONESUBSEA UK LIMITED is a leading provider of subsea production systems and services for the oil and gas industry. Founded in 2013, the company is headquartered in Aberdeen, United Kingdom.
The company offers a range of sustainable solutions, including subsea trees, manifolds, wellhead systems, and control systems, to optimize production and minimize environmental impact. They also provide innovative digital technologies to enhance safety and efficiency in subsea operations.
ONESUBSEA UK LIMITED is committed to sustainability and has implemented a comprehensive sustainability program. This includes reducing carbon emissions, promoting responsible sourcing, and investing in renewable energy projects. They also prioritize the health and safety of their employees and the protection of the environment in all their operations.
The key people at ONESUBSEA UK LIMITED include their CEO, Kevin Taylor, and their Vice President of Operations, Simon Luffrum. Together, they bring years of industry experience and expertise to the company.
For more information on their products, services, and sustainability efforts, you can visit their website at www.onesubsea.com. Their registered office address is 9 Altens Farm Road, Altens Industrial Estate, Aberdeen, AB12 3FY, United Kingdom.
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