| 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 Oct 2025 - 31 Mar 2026 | 30 Apr 2026 | 69 | 23% | 33% | 44% | 0% |
| 01 Apr 2025 - 30 Sept 2025 | 31 Oct 2025 | 76 | 25% | 36% | 39% | 36% |
| 01 Oct 2024 - 31 Mar 2025 | 29 Apr 2025 | 78 | 22% | 30% | 48% | 39% |
| 01 Apr 2024 - 30 Sept 2024 | 31 Oct 2024 | 74 | 17% | 30% | 53% | 44% |
| 01 Oct 2023 - 31 Mar 2024 | 29 Apr 2024 | 79 | 20% | 37% | 43% | 29% |
| 01 Jan 2019 - 30 Jun 2019 | 10 Jul 2019 | 56 | 16% | 31% | 53% | 24% |
| 01 Jul 2018 - 31 Dec 2018 | 09 Jul 2019 | 52 | 19% | 39% | 41% | 14% |
| 01 Jan 2018 - 30 Jun 2018 | 16 Jul 2018 | 55 | 17% | 32% | 51% | 19% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms of 60 days, occasional proforma invoices necessitate same day payment
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
Supplier invoices are typically received in PDF format. Invoices are uploaded to Business Central and various compliance checks are conducted to ensure that the invoice can be processed. Any issue with an invoice will result in said invoice being rejected back to the supplier with a note of our findings / issue, giving the supplier chance to rectify the invoice.
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
CRP Subsea Limited trades as CRP Subsea, a manufacturer of polymer and syntactic foam based buoyancy and protection products for the offshore renewables and oil and gas industries. Its product range covers impact and abrasion protection, bend and fatigue protection, buoyancy and floats, downhole protection, seabed stability solutions, and sensor and monitoring systems for subsea cables, umbilicals, risers, pipelines and hoses. Products serve fixed and floating offshore wind, subsea, drilling and downhole oil and gas applications, marine hose, subsea cables and marine vessels. The company states it has supplied the industry for over 40 years and carries out testing on raw materials and finished products. In November 2022 it was acquired by AIS, uniting two industry businesses.
Generated from the company's website and Companies House records. Sources: crpsubsea.com · crpsubsea.com