| 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 2024 - 30 Jun 2024 | 25 Jul 2024 | 48 | 25% | 69% | 4% | 14% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 39 | 35% | 58% | 7% | 22% |
| 01 Jan 2021 - 30 Jun 2021 | 14 Jul 2021 | 57 | 20% | 66% | 14% | 20% |
| 01 Jul 2020 - 31 Dec 2020 | 15 Jan 2021 | 44 | 16% | 66% | 17% | 13% |
| 01 Jan 2019 - 30 Jun 2019 | 11 Jul 2019 | 48 | 24% | 62% | 14% | 24% |
| 01 Jul 2018 - 31 Dec 2018 | 21 Jan 2019 | 62 | 26% | 52% | 22% | 29% |
| 01 Jan 2018 - 30 Jun 2018 | 19 Jul 2018 | 67 | 17% | 50% | 33% | 51% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We have Procurement Policies. Terms are agreed with vendors. Standard terms are 60 calendar days from date 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
90
In the event of an invoice dispute or query, suppliers should contact the Accounts Payable team (Accounts.Payable@Inmarsat.com) who aim to resolve all disputes in a fair and timely manner.
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
INMARSAT GLOBAL LIMITED is a leading provider of global satellite communication services. Their mission is to connect people and businesses around the world, regardless of location or conditions, through reliable and innovative technology.
As part of their commitment to sustainability, INMARSAT GLOBAL LIMITED has implemented various initiatives to reduce their environmental impact. They have developed a sustainability program that focuses on reducing energy consumption, minimizing waste, and promoting responsible sourcing.
The company offers a range of products and services, including satellite phones, broadband services, and satellite communication systems for maritime, aviation, and land-based industries. They also provide emergency communication services for disaster relief and humanitarian aid efforts.
The key people leading INMARSAT GLOBAL LIMITED include CEO Rajeev Suri, who joined the company in 2020, and Chairman Andrew Sukawaty. They are supported by a team of experienced professionals who are dedicated to delivering high-quality services to their customers.
For more information on their products and services, customers can visit their website at www.inmarsat.com. The registered office address for INMARSAT GLOBAL LIMITED is 99 City Road, London, EC1Y 1AX, United Kingdom. Overall, INMARSAT GLOBAL LIMITED is a leader in the satellite communication industry, with a strong focus on sustainability and providing reliable and innovative solutions to their global customers.