| 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 2019 - 30 Jun 2019 | 25 Sept 2019 | 32 | 64% | 27% | 9% | 36% |
| 01 Jul 2018 - 31 Dec 2018 | 08 Mar 2019 | 31 | 69% | 22% | 9% | 31% |
| 01 Jan 2018 - 30 Jun 2018 | 19 Jul 2018 | 30 | 73% | 21% | 6% | 27% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Most vendors have terms of and are paid in 30 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
30
All offices operate a job costing system whereby jobs must match prior to interface with the accounting system. Failure to match triggers a query which is the main reason for any late payments
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
OOCL (Europe) Limited is a UK-registered company incorporated in 1995 and based in Suffolk. Companies House records list its nature of business as other transportation support activities and activities of head offices, indicating a role coordinating freight-related support functions rather than providing consumer-facing services. Its company secretary is registered at an address in Hong Kong, pointing to links with an overseas corporate group operating in the shipping and logistics sector. The company remains active, with directors of British, Belgian, German and Irish nationality currently listed. No further detail on specific UK operations, trading activities or client-facing services is available from the supplied evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk