| 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 2020 - 31 Dec 2020 | 29 Jan 2021 | 37 | 46% | 45% | 9% | 41% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Aug 2020 | 46 | 54% | 38% | 8% | 8% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 33 | 55% | 40% | 5% | 45% |
| 01 Jul 2018 - 31 Dec 2018 | 07 Feb 2019 | 20 | 93% | 3% | 4% | 7% |
| 01 Jan 2018 - 30 Jun 2018 | 04 Jul 2018 | 18 | 95% | 3% | 2% | 5% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard company T&C's: company shall pay the approved invoice within 30 days after receipt of a correctly and properly supported invoice. This is found on the company website within the vendor portal section.
Were there any changes to the standard payment terms in the reporting period?
We have undertaken an exercise throughout 2020 to review vendor payment terms, agree with vendors and change accordingly.
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
The purchase order shall be governed and interpreted in accordance with the laws of the country in which the purchase order was issued. Any dispute arising in connection with the purchase order which cannot be resolved by mutual agreement between the parties shall be settled by court proceedings brought before the courts within the jurisdiction of the country in which the purchase order was issued.
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
Dolphin Drilling Limited is a UK-registered company whose registered business activity is support services for petroleum and natural gas extraction. It forms part of the Dolphin Drilling group, an offshore drilling contractor founded in 1965 that operates a fleet of moored semi-submersible rigs for oil and gas companies worldwide. The wider group, listed on the Oslo Euronext Growth Exchange, has decades of experience in harsh-environment drilling, including rig rebuilds, ultra-deepwater operations and various industry safety and environmental management certifications. The UK entity's registered office is in Eastleigh, Hampshire, and it remains active on the Companies House register, operating as part of this international offshore drilling business rather than as an independent standalone operator.
Generated from the company's website and Companies House records. Sources: dolphindrilling.no · dolphindrilling.no