| 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 | 23 Jan 2026 | 36 | 61% | 30% | 9% | 30% |
| 01 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 36 | 57% | 35% | 8% | 33% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 33 | 69% | 26% | 5% | 22% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 31 | 67% | 27% | 6% | 27% |
| 01 Jul 2023 - 31 Dec 2023 | 26 Jan 2024 | 33 | 66% | 29% | 5% | 25% |
| 01 Jan 2023 - 30 Jun 2023 | 21 Jul 2023 | 31 | 69% | 27% | 4% | 13% |
| 01 Jul 2022 - 31 Dec 2022 | 23 Jan 2023 | 31 | 69% | 27% | 4% | 18% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | 37 | 68% | 26% | 6% | 23% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | 29 | 74% | 23% | 3% | 21% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 32 | 68% | 29% | 3% | 18% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 32 | 70% | 24% | 6% | 17% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 27 | 70% | 25% | 5% | 27% |
| 01 Jul 2019 - 31 Dec 2019 | 24 Jan 2020 | 26 | 66% | 27% | 7% | 27% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 42 | 52% | 32% | 16% | 33% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 34 | 66% | 22% | 12% | 29% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 27 | 82% | 13% | 5% | 2% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms of 60 days are offered to suppliers under the entities standards terms, however the entity will negotiate different terms with suppliers where it is appropriate to do so. The standard payment terms have not changed during the reporting period. Any change to negotiated payment terms is agreed in writing between the parties. No payment period of longer than 90 days has been agreed for any contract.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
The process for dispute resolution aims to be a clear, fair, and efficient process for resolving disputes under law. It prioritises negotiated settlement and aims to minimise cost, time, and disruption. It operates under the below principles: · Negotiation First: Parties must make every reasonable effort to resolve disputes amicably through direct negotiation. · Good Faith: All parties shall act honestly and fairly throughout the process. · Proportionality: Resolution methods should be proportionate to the nature and complexity of the dispute. In the event of an escalation, disputes will follow the below steps: Step 1: Informal Negotiation · The initiating party shall notify the other party in writing. · Both parties will attempt resolution within a reasonable period of notice. Step 2: Executive-Level Review · If unresolved, the matter shall escalate to the Executive Team for structured discussion and decision-making. · A written summary of the dispute and prior attempts at resolution must be provided. Step 3: Mediation (Exception Basis) · If executive review fails, parties may agree to mediation. · Costs of mediation shall be shared equally unless otherwise agreed. Step 4: Legal Proceedings (Final Resort) · Litigation or arbitration shall only be pursued when all other steps have been exhausted.
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
Oil Spill Response Limited trades as OSRL, described as the world's largest industry-funded organisation for oil spill preparedness and response. It supports oil and gas companies and other organisations worldwide with preparedness planning, training and 24/7 emergency response services for oil spills, including incident management, crisis management consultancy, specialist equipment, exercises, secondments and response operations covering aviation, dispersants, stockpiles, regional response and wildlife. It operates on a membership basis, working with over 170 member organisations to strengthen operational readiness and help meet regulatory requirements, and provides training courses and knowledge resources on spill response and contingency planning.
Generated from the company's website and Companies House records. Sources: oilspillresponse.com