| 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 2024 - 30 Jun 2024 | 22 Jul 2024 | 45 | 16% | 75% | 9% | 63% |
| 01 Jul 2023 - 31 Dec 2023 | 12 Jan 2024 | 45 | 17% | 73% | 10% | 66% |
| 01 Jan 2023 - 30 Jun 2023 | 11 Jul 2023 | 48 | 14% | 75% | 11% | 89% |
| 01 Jul 2022 - 31 Dec 2022 | 18 Jan 2023 | 48 | 14% | 73% | 13% | 87% |
| 01 Jan 2022 - 30 Jun 2022 | 13 Jul 2022 | 51 | 9% | 78% | 13% | 89% |
| 01 Jul 2021 - 31 Dec 2021 | 17 Jan 2022 | 48 | 15% | 74% | 11% | 85% |
| 01 Jan 2021 - 30 Jun 2021 | 12 Jul 2021 | 50 | 16% | 69% | 15% | 83% |
| 01 Jul 2020 - 31 Dec 2020 | 21 Jan 2021 | 47 | 17% | 75% | 8% | 88% |
| 01 Jan 2020 - 30 Jun 2020 | 16 Jul 2020 | 47 | 16% | 73% | 11% | 87% |
| 01 Jul 2019 - 31 Dec 2019 | 15 Jan 2020 | 47 | 17% | 72% | 11% | 82% |
| 01 Jan 2019 - 30 Jun 2019 | 09 Jul 2019 | 49 | 13% | 71% | 16% | 81% |
| 01 Jul 2018 - 31 Dec 2018 | 14 Mar 2019 | 48 | 16% | 71% | 13% | 79% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 42 | 20% | 73% | 7% | 76% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Altus Intervention Limited has standard payment terms of 45 days from date of invoice. Certain suppliers have agreed differing payment terms, ranging from 30 days to 60 days. These alternate payment terms have been based on nature of goods and services supplied and levels of trade between the company and the supplier.
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
If there any queries in relation to payment by Altus Intervention Limited, initial contact should be made via e-mail to Invoices.Aberdeen@altusintervention.com. If resolution of any queries cannot be provided by the purchase ledger department, it will be escalated internally to the Finance Manager initially and thereafter to the Vice President of Finance.
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
Altus Intervention Limited is registered in Scotland with a nature of business covering support activities for petroleum and natural gas extraction. Its website now operates under the Baker Hughes brand, with the homepage titled 'Well Intervention | Baker Hughes' and structured data naming Baker Hughes as the organisation. The site describes well intervention services alongside a wider range of oilfield offerings including drilling, completions, production, subsea and turbomachinery solutions. This indicates the company now trades as part of Baker Hughes, providing well intervention and related oilfield services to the oil and gas industry, rather than continuing under its original registered name in the market.
Generated from the company's website and Companies House records. Sources: altusintervention.com