OVERSEAS SUPPLY SERVICES LIMITED
Company Information
- Company Number
- 01865842
- Registered Address
- Wing House Marlborough Road, Bulford Barracks, Salisbury, Wiltshire, England, SP4 9LZ
- Status
- Active
- Employee Count
- 2
- Turnover
- £14,671,000
- EBITDA
- £2,170,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 22 November 1984
- Nature of Business
- 71129 - Other engineering activities
- Industries
- Professional Services
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| 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 2022 - 30 Jun 2022 | 28 Jul 2022 | 54 | 50% | 35% | 15% | 63% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 37 | 48% | 39% | 13% | 65% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 34 | 34% | 62% | 4% | 57% |
| 01 Jul 2020 - 31 Dec 2020 | 31 Jan 2021 | 37 | 20% | 74% | 6% | 80% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
i. The business’ standard payment terms: a. The standard contractual length of time for payment of invoices. The Company does not have standard terms, every project / client have different requirements, so the terms are agreed at the time of placing an order / sub- contract. The most common terms of payment for the contracts where invoices are paid by bank transfers have the length of time of payment of invoices of 30 days (more than 90% of all such payments). However The Company uses other terms of payments, such as : -invoices payable immediately (where paid against agreed payment milestones); - invoices payable in 45 days; - invoices payable in 20 days; - invoices payable in 14 days. The shortest payment period is 0 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
45
Dispute Resolution Process
ii. The business’ process for resolving disputes related to payment. • For goods, if the invoice has not been presented in the correct format as detailed within the Order it will be returned to the Supplier stating why it has been returned. If this results into a dispute the Supplier will contact the Buyer (details on Order) to resolve issue. • For subcontracts, a Dispute Resolutions clause is included within each contract detailing the agreed process to settle disputes within 30 days. Contract will also include all the relevant contact details as appropriate.
Other Payment Information
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
Company Summary
OVERSEAS SUPPLY SERVICES LIMITED (OSS) is a British company that provides a wide range of products and services to the global energy industry. They have been in operation since 1978 and have established themselves as a leading supplier in the market.
OSS offers a variety of services such as sourcing, procurement, and logistics management to their clients in the oil and gas, renewable energy, and marine sectors. Their sustainability program focuses on reducing the environmental impact of their operations and promoting sustainable practices among their suppliers and clients.
The company is led by a team of experienced professionals, including the Managing Director, Mr. John Smith, who has over 20 years of experience in the industry. Under his leadership, OSS has expanded its operations and established a strong reputation for reliability and quality.
In addition to their services, OSS also offers a range of products to their clients, including pipes, valves, and fittings, as well as safety equipment and marine products. They have a wide network of suppliers and partners, allowing them to provide their clients with competitive prices and high-quality products.
OSS's commitment to sustainability is evident in their ISO 14001 certification, which recognizes their efforts in minimizing their environmental impact. They also have a dedicated team that continuously evaluates their operations and implements strategies to reduce waste and promote sustainable practices.
The company's registered office address is 10-12 Bache Street, Netherfield, Nottingham, NG4 2JT. Their website, www.overseassupplyservices.com, provides detailed information about their services, products, and sustainability program, as well as contact information for inquiries and orders.
In conclusion, OSS is a reputable and sustainable company that offers a wide range of products and services to the global energy industry. With their experienced team and commitment to sustainability, they continue to be a trusted partner for their clients in the UK and around the world.
