Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 95.7/100 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 Jul 2022 - 31 Dec 2022 | 16 Feb 2023 | 20 | 98% | 2% | 0% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 21 | 96% | 4% | 0% | 9% |
| 01 Jul 2021 - 31 Dec 2021 | 02 Feb 2022 | 24 | 92% | 8% | 0% | 8% |
| 01 Jan 2021 - 30 Jun 2021 | 02 Aug 2021 | 20 | 98% | 2% | 0% | 5% |
| 01 Jul 2020 - 31 Dec 2020 | 01 Feb 2021 | 22 | 94% | 6% | 0% | 8% |
| 01 Jan 2020 - 30 Jun 2020 | 23 Jul 2020 | 20 | 98% | 2% | 0% | 4% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 21 | 97% | 3% | 0% | 2% |
| 01 Jul 2018 - 31 Dec 2018 | 06 Feb 2019 | 20 | 90% | 10% | 0% | 2% |
| 01 Jan 2018 - 30 Jun 2018 | 09 Aug 2018 | 18 | 100% | 0% | 0% | 4% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are 30 days unless otherwise specified within service agreements.
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
30
Once received all invoices are passed to the technical approver for approval. If the technical approver would like to dispute any invoices they would do so directly with the supplier. If the dispute couldn't be resolved by the technical approver then this would be escalated to a director of the company.
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
CATS North Sea Limited is a UK registered company whose registered activity is support activities for petroleum and natural gas extraction, within the oil and gas services sector. It is a subsidiary within the Kellas Midstream Limited group structure, with Kellas Midstream Limited holding shares in the company. The company is based in London and is recorded as employing a small number of staff. Its role sits within gas and oil infrastructure support operations linked to North Sea extraction activity, rather than direct extraction or exploration itself. The company remains active on the Companies House register, having been incorporated in October 2014.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · uk.globaldatabase.com