CGG SERVICES (UK) LIMITED

PaymentCheck Score 2025
62Fair
6.8vs last year
#2983 in UK
#488 in South East

Company Information

Company Number
06923682
Registered Address
Cgg Crompton Way, Manor Royal Estate, Crawley, West Sussex, RH10 9QN
Status
Active
Employee Count
659
Turnover
£100,230,000
EBITDA
£11,321,000

Additional Details

Company Type
Private limited Company
Incorporated On
3 June 2009
Nature of Business
74909 - Other professional, scientific and technical activities not elsewhere classified
Industries
Professional Services
Region
South East

Time to Pay

Average Time to Pay
30 days
Shortest Period:30 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
56%
31-60 Days
40%
After 60 Days
4%
Not Paid Within Terms71%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2025-07-23
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202523 Jul 20253056%40%4%71%
01 Jul 2024 - 31 Dec 202430 Jan 20253467%24%9%51%
01 Jan 2024 - 30 Jun 202430 Jul 20243067%27%6%53%
01 Jul 2023 - 31 Dec 202315 Jan 20242870%27%3%52%
01 Jan 2022 - 30 Jun 202226 Jul 20223368%27%5%61%
01 Jul 2021 - 31 Dec 202119 Jan 20223065%31%4%59%
01 Jan 2021 - 30 Jun 202116 Jul 20212871%26%3%59%
01 Jul 2020 - 31 Dec 202019 Jan 20213067%29%4%68%
01 Jul 2019 - 31 Dec 201927 Jan 20202473%26%1%59%
01 Jan 2019 - 30 Jun 201908 Jul 20192480%18%2%47%
01 Jul 2018 - 31 Dec 201829 Jan 20192867%30%3%69%
01 Jan 2018 - 30 Jun 201826 Jul 20183365%33%2%67%

Payment Time Trends

Payment Distribution Trends

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Standard payment terms are the number of days from when the invoice is due since the tax point. For example if the invoice date is 01/01/2025 and the payment terms are 30 days, the invoice will be due for payment on or before 31/01/2025. After this the payment will become overdue

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

N/A

Maximum contractual payment period agreed

60

Dispute Resolution Process

Invoices from suppliers are sent to the AP Team via email or post. The AP Accountant will send them for approval via Yooz. If there are any issues with the invoice the Accountant will keep the invoice on hold and check with the supplier. If a credit memo is required this should be issued and the new invoice sent for re-processing. Once approved it will be added to the next payment run for processing/payment

Other Payment Information

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

Company Summary

CGG SERVICES (UK) LIMITED is a leading geoscience company that provides a wide range of products and services to the oil and gas industry. It has a strong commitment to sustainability and is dedicated to minimizing its environmental impact while maximizing social and economic benefits.

The company offers a range of services including seismic data acquisition, processing, interpretation, and reservoir characterization. Their products are used to help clients make informed decisions about hydrocarbon exploration and production.

CGG SERVICES (UK) LIMITED has a strong focus on sustainability and has implemented various initiatives to reduce its carbon footprint. This includes investing in new technologies to reduce emissions, promoting energy efficiency, and using renewable energy sources where possible. The company also has a comprehensive waste management program to minimize its impact on the environment.

Key people within the company include the CEO, Sophie Zurquiyah, who has over 25 years of experience in the oil and gas industry, and the Chief Sustainability Officer, Jean-Georges Malcor, who is responsible for driving the company's sustainability strategy.

For more information on CGG SERVICES (UK) LIMITED and its products and services, you can visit their website at www.cgg.com. The company's registered office address is located at 1 New Ludgate, 60 Ludgate Hill, London, EC4M 7AW, United Kingdom.

Financial Metrics

Cash
£457,669
Net Worth
-£78,312,444
Total Current Assets
£36,207,649
Total Current Liabilities
£32,103,177

Company Location