| 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 - 01 Jun 2019 | 23 Jul 2019 | 76 | 11% | 15% | 74% | 48% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
http://apps.weatherford.com/T&C/
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
90
Any disputes in relation to invoices should be sent to Weatherford’s Self Services Portal address at supplier.relationsUNS@weatherford.com
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Weatherford U.K. Limited is a multinational oil and gas company based in the United Kingdom. The company provides a wide range of products and services to the energy industry, including drilling and formation evaluation, well construction and completion, production and intervention, and integrated oilfield services.
One of the key focuses of Weatherford U.K. Limited is sustainability, and the company has implemented various programs and initiatives to reduce its environmental impact. These include reducing greenhouse gas emissions, minimizing waste and promoting recycling, and using renewable energy sources.
The company's products and services are designed to help clients optimize their operations while minimizing their environmental footprint. This includes technologies such as advanced drilling systems, intelligent completions, and digital solutions that improve efficiency and reduce waste.
Key people at Weatherford U.K. Limited include Mark A. McCollum, the President and CEO, and Scott A. Weatherford, the Executive Vice President. The company has a global workforce of over 24,000 employees and operates in over 80 countries.
The registered office address for Weatherford U.K. Limited is 5500 Daresbury Park, Daresbury, Warrington, Cheshire, WA4 4GE, United Kingdom. For more information about the company and its products and services, you can visit their website at www.weatherford.com.