| 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 2018 - 31 Dec 2018 | 31 Jan 2019 | 89 | 36% | 42% | 22% | 49% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 44 | 31% | 46% | 23% | 51% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms range from 0 days (advance payment) to a maximum of 80 days. Standard contractual terms are 30 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
80
Suppliers should seek to resolve any disputes with their employee contact within the company, escalating to that employee's line manager and subsequently Group Finance where resolution is not achieved.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Survitec Group Limited manufactures and services survival technology used to protect lives at sea and elsewhere. Its offer includes wearable survival equipment, fire solutions and survival craft technology such as liferafts, immersion suits and marine evacuation systems, alongside accredited servicing at stations covering thousands of ports worldwide. The group operates several manufacturing facilities and employs around 2,000 people supporting maritime, energy and defence customers globally. It also provides rental and exchange services for safety equipment such as liferafts and immersion suits, along with compliance and regulatory support for shipowners and operators. The company describes itself as a global leader in survival technology, providing trusted solutions to reduce risk and protect lives.
Generated from the company's website and Companies House records. Sources: casalt.co.uk · casalt.co.uk