Industry ranking
Score of 94/100 qualifies for PaymentCheck Certification
| 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 | 23 Jul 2021 | 30 | 100% | 0% | 0% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 45 | 37% | 48% | 15% | 4% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 39 | 48% | 44% | 8% | 2% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 38 | 50% | 42% | 8% | 7% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 43 | 40% | 48% | 12% | 12% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 37 | 48% | 42% | 10% | 3% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 37 | 49% | 42% | 9% | 3% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Aker Solutions’ standard payment terms state that payment of third-party invoices for goods and services will be made within 30 days of receipt of a correct, undisputed and properly due VAT invoice. In certain circumstances, where it has been agreed in writing by a duly authorised representative, Aker Solutions’ standard payment terms may differ from the standard of 30 days. In any event, the payment terms that apply are clearly stated on each purchase order issued / raised.
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
Integrity is at the core of Aker Solutions’ values and, as such, the business endeavors to resolve all queries / disputes in a fair and timely manner. Queries / disputes are resolved by discussion and agreement with a supplier and are typically managed by the buyer responsible for the affected purchase order.
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
Aker Offshore Partner Limited is a UK-registered company based in Leeds, forming part of the Aker Solutions group. The wider group describes itself as delivering integrated solutions, products and services to the global energy industry, supporting low-carbon oil and gas production and developing renewable energy solutions. Group activities span engineering, maintenance, modification and operations services for offshore and onshore energy assets, including contracts in hydropower, carbon capture, offshore wind and small modular reactor projects. The UK entity's own registered activity is recorded as manufacture of general-purpose machinery, reflecting its role within this larger international energy engineering and services group rather than an independent standalone trading operation.
Generated from the company's website and Companies House records. Sources: akersolutions.com