| 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 2019 - 31 Dec 2019 | 27 Jan 2020 | 52 | 39% | 27% | 34% | 2% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 48 | 31% | 45% | 24% | 5% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard terms are 60 days from receipt of invoice.
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
Usually a dispute or complaint would be dealt with either by the appropriate approver in the organisation, or a member of the procurement team. They would deal directly with the supplier, and Finance would be notified if a credit note would be issued, or a certain payment to be made.
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
DEEPOCEAN 1 UK LIMITED is a active\n — active proposal to strike off private limited company, incorporated on 12 July 1993, based in the North East region. Registered business activity: Other specialised construction activities not elsewhere classified; Management consultancy activities other than financial management; Other business support service activities not elsewhere classified.
From Companies House records.