Industry ranking
Score of 84.75/100 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 Jul 2025 - 31 Dec 2025 | 20 Jan 2026 | 22 | 78% | 21% | 1% | 1% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 26 | 66% | 30% | 4% | 1% |
| 01 Jul 2024 - 31 Dec 2024 | 14 Feb 2025 | 24 | 68% | 26% | 6% | 2% |
| 01 Jan 2024 - 30 Jun 2024 | 24 Jul 2024 | 26 | 61% | 31% | 8% | 2% |
| 01 Jul 2023 - 31 Dec 2023 | 04 Mar 2024 | 37 | 45% | 35% | 20% | 6% |
| 01 Jan 2023 - 30 Jun 2023 | 04 Mar 2024 | 48 | 33% | 32% | 35% | 10% |
| 01 Jul 2022 - 31 Dec 2022 | 04 Mar 2024 | 55 | 23% | 37% | 40% | 15% |
| 01 Jan 2022 - 30 Jun 2022 | 04 Mar 2024 | 41 | 31% | 51% | 18% | 11% |
| 01 Jul 2021 - 31 Dec 2021 | 04 Mar 2024 | 41 | 32% | 45% | 23% | 9% |
| 01 Jan 2021 - 30 Jun 2021 | 04 Mar 2024 | 42 | 31% | 35% | 34% | 19% |
| 01 Jul 2020 - 31 Dec 2020 | 04 Mar 2024 | 31 | 44% | 42% | 14% | 7% |
| 01 Jan 2020 - 30 Jun 2020 | 04 Mar 2024 | 26 | 53% | 39% | 8% | 8% |
| 01 Jul 2019 - 31 Dec 2019 | 04 Mar 2024 | 28 | 59% | 35% | 6% | 5% |
| 01 Jan 2019 - 30 Jun 2019 | 04 Mar 2024 | 26 | 61% | 32% | 7% | 4% |
| 01 Jan 2018 - 31 Dec 2018 | 02 Dec 2019 | 55 | 23% | 45% | 32% | 86% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
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
60
Contact the supplier direct to resolve any issues
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Global Marine Systems Limited is the registered UK entity within Global Marine Group, which the group describes as a comprehensive, end-to-end solutions provider to the submarine cable industry. The group operates through three specialist business units covering consultancy, engineering, installation and maintenance of subsea fibre optic cable systems, serving telecommunications, power cable and oil and gas markets. Activities include subsea cable data and route engineering, permitting, cable jointing, testing and training, and the design of subsea housings and interconnectors. The group states it has installed a substantial proportion of the world's subsea cable and completes a large share of historic maintenance operations. Company registration confirms incorporation in 1983 and active status, registered in Chelmsford, Essex.
Generated from the company's website and Companies House records. Sources: globalmarine.group