| 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 2021 - 30 Jun 2021 | 01 Sept 2021 | 33 | 43% | 56% | 1% | 40% |
| 01 Jul 2020 - 31 Dec 2020 | 14 Feb 2021 | 31 | 47% | 52% | 1% | 33% |
| 01 Jan 2020 - 30 Jun 2020 | 18 Aug 2020 | 30 | 45% | 55% | 0% | 67% |
| 01 Jul 2019 - 31 Dec 2019 | 04 Feb 2020 | 33 | 39% | 61% | 1% | 39% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 33 | 42% | 57% | 1% | 39% |
| 01 Jan 2018 - 30 Jun 2018 | 06 Aug 2018 | 34 | 37% | 63% | 0% | 34% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
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
60
Refer to purchasing department who will contact supplier to resolve.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
This company, registered as Awilco Drilling PLC, has been renamed AR5 PLC and is now in members' voluntary liquidation, with joint liquidators appointed following an EGM in June 2025. The company was described as solvent and capable of paying its debts in full. Its shares continue to be held via a Norwegian securities deposit account, with no transfers permitted without the liquidators' consent. The business previously operated in the North Sea oil and gas sector as a drilling contractor, running its own fleet of third-generation harsh-environment semi-submersible drilling rigs and serving clients internationally. Its affairs are now managed entirely by the appointed joint liquidators pending winding-up.
Generated from the company's website and Companies House records. Sources: awilcodrilling.com