Score of 90/100 qualifies for PaymentCheck Certification
| 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 2025 - 30 Jun 2025 | 29 Aug 2025 | 19 | 80% | 16% | 4% | 0% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 11 | 100% | 0% | 0% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 41 | 95% | 2% | 4% | 9% |
| 01 Jan 2022 - 30 Jun 2022 | 18 Jul 2022 | 12 | 96% | 3% | 1% | 2% |
| 01 Jul 2021 - 31 Dec 2021 | 06 Jan 2022 | 14 | 100% | 0% | 0% | 10% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 15 | 92% | 8% | 0% | 12% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 22 | 92% | 0% | 8% | 4% |
| 01 Jul 2018 - 31 Dec 2018 | 21 Jan 2019 | 163 | 57% | 17% | 26% | 30% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 33 | 62% | 23% | 15% | 43% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Company only trades with intercompany suppliers. The standard intercompany payment terms are 30 days.
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
30
This company makes only intercompany payments. Any reconciliation differences are identified by the intercompany team, which are then directed to the Procurement department/Sales department / General Accounting team in the financial hub in order to be resolved. If necessary, disputes are escalated to the relevant finance controllers. The aim is to resolve the dispute by the next intercompany settlement date.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
ONESUBSEA IP UK LIMITED is a global provider of integrated solutions, products, and services for the subsea oil and gas industry. They offer a wide range of technologies and systems to help their clients maximize their production and minimize costs.
The company is committed to sustainability and has a dedicated sustainability program in place. They strive to reduce their environmental impact by implementing energy-efficient operations, reducing waste, and promoting responsible resource management.
ONESUBSEA IP UK LIMITED offers a variety of products and services, including subsea production systems, subsea processing systems, and subsea control systems. They also provide engineering and project management services to support their clients' projects.
The key people in the company include their CEO, David R. Reid, who has over 30 years of experience in the oil and gas industry, and their Chief Financial Officer, Mark Denkowski, who has extensive financial and operational experience.
The company's registered office address is at 84-86 Great Portland Street, London, W1W 7NR, United Kingdom. They can be contacted via phone at +44 (0)20 7131 1000 or through their website, www.onesubsea.slb.com.
In conclusion, ONESUBSEA IP UK LIMITED is a leading provider of subsea solutions with a strong commitment to sustainability. Their range of products and services, along with their experienced leadership team, makes them a reliable and trusted partner in the subsea oil and gas industry.