| 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 2018 - 30 Jun 2018 | 31 Jul 2018 | 36 | 31% | 69% | 0% | 18% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
End of month + 31 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
67
Disputes are communicated to the Finance Department via telephone or email and dealt with on an ad-hoc basis.
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
Vallourec Oil & Gas UK Ltd is registered in Scotland at Bellshill, Lanarkshire, and is classified under manufacture of steel tubes, pipes and related fittings. It forms part of the Vallourec group, a global manufacturer of premium tubular steel products and services for the energy sector, including oil and gas, geothermal, hydrogen and carbon capture and storage. The wider group produces OCTG and line pipe for onshore and offshore projects, seamless steel tubes and hollow sections, and provides field services such as VAM connection support. This UK entity represents the group's operations within the United Kingdom, contributing to Vallourec's manufacturing and service footprint supporting oil and gas and energy transition clients internationally.
Generated from the company's website and Companies House records. Sources: vallourec.com · vallourec.com