| 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 - 30 Jun 2019 | 30 Jul 2019 | 38 | 40% | 34% | 26% | 60% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jul 2019 | 45 | 30% | 43% | 27% | 54% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 37 | 32% | 44% | 23% | 66% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The company payment terms vary by supplier. Payment terms are negotiated with new suppliers as part of the Procurement Process. The company’s standard terms are 60 days from end of month, although agreed payment terms vary from payment on receipt to standard terms which in turn translate to 74% of invoices being paid under the 60 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
90
If an invoice is disputed, the supplier will be contacted for resolution and the invoice will go on hold. Should there not be a resolution then it can be escalated to The Procurement Manager or Finance Manager for resolution.
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
Fugro Geoservices Limited is a UK-registered company forming part of the Fugro group, the global Geo-data specialist headquartered as Fugro N.V. The wider group uses geotechnical, geophysical and marine survey expertise to help clients understand the earth's surface and subsurface, supporting infrastructure, energy, water and coastal development projects worldwide. Its own registered business activity is classified as other professional, scientific and technical activities. As a UK entity within this international group, it contributes to Fugro's site characterisation, survey and monitoring work rather than operating as an independent standalone brand. The company remains active, with its registered office in Wallingford, Oxfordshire, and has been incorporated since 1976.
Generated from the company's website and Companies House records. Sources: fugro.com · fugro.com