| 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 2018 - 31 Dec 2018 | 30 Jan 2019 | 41 | 41% | 33% | 26% | 19% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 31 | 49% | 45% | 5% | 16% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
90 days standard terms. Terms found on BHGE website https://www.bhge.com/terms-purchase
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
120
Disputes are referred to sourcing by staff and Accounts payable. Sourcing engage with the supplier, clarify any discrepancies and agree payment terms.
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
PII Limited is a private limited company registered in Cramlington, Northumberland, incorporated in 1997. It was previously known as Pipeline Integrity International Limited. Companies House records list several officers with correspondence addresses at GE Oil & Gas Pii Pipeline Solutions, indicating that the company operates as part of the GE Oil & Gas group's pipeline integrity business, which specialises in inspecting and assessing the condition of oil and gas pipelines. No further detail on specific services or turnover is available from the evidence provided. The company's registered activity is classified generically as other service activities not elsewhere classified.
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