CATS NORTH SEA LIMITED

PaymentCheck Score 2022
95Excellent
3.6vs last year
#417 in UK
#34 in Property
#200 in London

Company Information

Company Number
09250798
Registered Address
Suite 1 7th Floor, 50 Broadway, London, United Kingdom, SW1H 0BL
Status
Active
Employee Count
0
Turnover
£69,317,000
EBITDA
£53,837,000

Additional Details

Company Type
Private limited Company
Incorporated On
6 October 2014
Nature of Business
09100 - Support activities for petroleum and natural gas extraction
Industries
Property,Infrastructure And Construction
Region
London

Time to Pay

Average Time to Pay
20 days
Shortest Period:14 days
Longest Period:30 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
98%
31-60 Days
2%
After 60 Days
0%
Not Paid Within Terms0%

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: 2023-02-16
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2022 - 31 Dec 202216 Feb 20232098%2%0%0%
01 Jan 2022 - 30 Jun 202229 Jul 20222196%4%0%9%
01 Jul 2021 - 31 Dec 202102 Feb 20222492%8%0%8%
01 Jan 2021 - 30 Jun 202102 Aug 20212098%2%0%5%
01 Jul 2020 - 31 Dec 202001 Feb 20212294%6%0%8%
01 Jul 2018 - 31 Dec 201806 Feb 20192090%10%0%2%

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

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

Dispute Resolution Process

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.

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

CATS NORTH SEA LIMITED is a leading company in the energy sector with a focus on sustainability and environmental responsibility. They offer a range of services and products that support the efficient and sustainable use of resources in the North Sea region.

Their sustainability program includes initiatives to reduce carbon emissions, minimize waste and promote biodiversity. They are committed to developing and implementing sustainable practices in all aspects of their operations, from exploration and production to transportation and marketing.

Their products and services include natural gas production, processing and transportation, as well as storage and trading. They are constantly innovating and investing in new technologies to improve efficiency and reduce their environmental impact.

The key people at CATS NORTH SEA LIMITED include their CEO, who leads the company's sustainability efforts, and their team of experts in energy and environmental management. They also collaborate with various stakeholders, including government agencies, local communities, and environmental organizations, to achieve their sustainability goals.

For more information on CATS NORTH SEA LIMITED and their sustainability program, interested parties can visit their website at www.catsnorthsea.com. Their registered office address is 1 Strand, London, WC2N 5EJ, United Kingdom.

Financial Metrics

Cash
£8,793,000
Net Worth
£152,751,000
Total Current Assets
£222,129,000
Total Current Liabilities
£94,586,000

Company Location