| 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 | 18 Sept 2025 | 76 | 8% | 30% | 62% | 87% |
| 01 Jul 2023 - 31 Dec 2023 | 18 Sept 2025 | 66 | 13% | 41% | 46% | 76% |
| 01 Jan 2023 - 30 Jun 2023 | 08 Aug 2023 | 90 | 13% | 44% | 43% | 79% |
| 01 Jul 2022 - 31 Dec 2022 | 22 Feb 2023 | 145 | 15% | 31% | 54% | 53% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Feb 2023 | 120 | 16% | 39% | 45% | 78% |
| 01 Jul 2021 - 31 Dec 2021 | 22 Feb 2023 | 60 | 26% | 62% | 12% | 83% |
| 01 Jan 2021 - 30 Jun 2021 | 22 Feb 2023 | 56 | 22% | 51% | 27% | 83% |
| 01 Jul 2020 - 31 Dec 2020 | 14 Jun 2021 | 39 | 45% | 39% | 15% | 84% |
| 01 Jan 2020 - 30 Jun 2020 | 14 Jun 2021 | 40 | 53% | 34% | 13% | 78% |
| 01 Jul 2019 - 31 Dec 2019 | 21 Dec 2020 | 41 | 55% | 36% | 9% | 68% |
| 01 Jan 2019 - 30 Jun 2019 | 21 Dec 2020 | 23 | 72% | 26% | 2% | 67% |
| 01 Jul 2018 - 31 Dec 2018 | 18 Mar 2020 | 23 | 73% | 23% | 4% | 61% |
| 01 Jan 2018 - 30 Jun 2018 | 18 Mar 2020 | 21 | 77% | 20% | 2% | 68% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard terms are 60 days but we do have legacy vendors/suppliers still at 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
90
Disputes are handled on a case by case basis and worked through the purchasing team.
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
NOV DOWNHOLE EURASIA LIMITED is a leading provider of oil and gas equipment and services, operating in various countries across Europe, Africa and the Middle East. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact and promote responsible business practices.
Their sustainability program focuses on reducing carbon emissions, minimizing waste and promoting energy efficiency in their operations. They also prioritize the health and safety of their employees, customers and communities by adhering to strict safety standards and providing training programs.
The company offers a wide range of products and services, including drilling tools, tubular products, and well services. These products are designed to increase efficiency and productivity in the oil and gas industry, while also reducing environmental impact.
NOV DOWNHOLE EURASIA LIMITED has a team of highly experienced and skilled professionals who are dedicated to delivering quality products and services to their customers. Their key people include the Managing Director, Sales Director, and Operations Manager.
The company's website address is https://www.nov.com/Downhole-Eurasia-Limited and their registered office address is Unit 1, St Michaels Industrial Estate, Widnes, WA8 8TL, United Kingdom. Customers can also contact them via email at info.eurasia@nov.com or by phone at +44 (0)151 420 5544.
In conclusion, NOV DOWNHOLE EURASIA LIMITED is a reputable company that is committed to sustainability and providing high-quality products and services to the oil and gas industry. With their experienced team and focus on responsible business practices, they are a reliable partner for their customers.
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