OCEANEERING INTERNATIONAL SERVICES LIMITED
Company Information
- Company Number
- 01023217
- Registered Address
- 280 Bishopsgate, London, EC2M 4RB
- Status
- Active
- Employee Count
- 2,436
- Turnover
- £322,808,000
- EBITDA
- £40,050,000
Additional Details
- Website
- https://oceaneering.com
- Company Type
- Private limited Company
- Incorporated On
- 6 September 1971
- Nature of Business
- 96090 - Other service activities not elsewhere classified
- Industries
- Waterways Travel
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| 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 2021 - 30 Jun 2021 | 29 Jul 2021 | 55 | 23% | 45% | 32% | 64% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Feb 2021 | 52 | 31% | 48% | 21% | 38% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 60 | 24% | 45% | 31% | 42% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 54 | 35% | 21% | 44% | 86% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 50 | 35% | 21% | 44% | 75% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 55 | 26% | 24% | 50% | 72% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms are 60 days from receipt of the supplier’s invoice. Oceaneering’s standard terms for suppliers can be found here: https://www.oceaneering.com/vendors/.
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
60
Dispute Resolution Process
Suppliers are required to submit their invoices, either via e-mail or post, to Oceaneering’s Accounts Payable Department. This contact information appears on the purchase order. Suppliers communicate disputes directly to the AP Department. If the AP Department is unable to resolve the dispute, it is escalated to the relevant purchasing manager who communicates directly with the supplier to achieve a resolution.
Other Payment Information
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
Company Summary
OCEANEERING INTERNATIONAL SERVICES LIMITED is a leading provider of engineering, technology, and project management services to the oil and gas industry. The company is headquartered in Aberdeen, Scotland and has operations in over 25 countries worldwide.
The company's sustainability program is focused on reducing their environmental impact and promoting sustainable practices. This includes reducing energy consumption, using renewable energy sources, and implementing waste reduction initiatives. OCEANEERING also supports local communities through various social responsibility projects and initiatives.
The company's products and services include subsea engineering, remotely operated vehicles (ROVs), survey and mapping services, and offshore construction and installation. OCEANEERING also offers advanced technology solutions such as robotics, deepwater intervention, and asset integrity management.
Key people in the company include Chief Executive Officer, Rod Larson, and Chief Financial Officer, Alan Curtis. They are supported by a team of experienced professionals in various fields of engineering, project management, and technology.
For more information on OCEANEERING INTERNATIONAL SERVICES LIMITED and their services, visit their website at www.oceaneering.com. The registered office address is 6 Waterloo Quay, Aberdeen AB11 5BS, United Kingdom.
