ALTUS INTERVENTION LIMITED
Company Information
- Company Number
- SC225200
- Registered Address
- Badentoy Crescent, Portlethen, Aberdeen, AB12 4YD
- Status
- Active
- Employee Count
- 524
- Turnover
- £83,168,000
- EBITDA
- £18,218,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 12 November 2001
- Nature of Business
- 09100 - Support activities for petroleum and natural gas extraction
- Industries
- Property,Infrastructure And Construction
- Region
- Scotland
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| 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 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 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% |
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
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
Dispute Resolution Process
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.
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
ALTUS INTERVENTION LIMITED is a global oil and gas service company that provides a wide range of services and products to the energy industry. The company is committed to sustainability and strives to minimize its environmental impact while delivering high-quality services.
The company offers a variety of services including well intervention, well completion, wireline, and logging services. They also provide specialized tools and equipment for well operations such as wellhead systems, pressure control equipment, and well intervention tools.
ALTUS INTERVENTION LIMITED has a strong focus on sustainability and has implemented a sustainability program to reduce their carbon footprint and promote sustainable practices within the company. They have also developed environmentally friendly products and services, such as their biodegradable drilling fluid, to minimize the impact on the environment.
The key people in ALTUS INTERVENTION LIMITED include the CEO, Mr. John Griffiths, who has over 30 years of experience in the oil and gas industry, and the Chief Operating Officer, Mr. David Tait, who has extensive experience in well intervention and completion.
The company's registered office address is in Aberdeen, Scotland, and they have a global presence with offices and operations in countries such as Norway, the UK, and the Middle East. Their website, www.altusintervention.com, provides detailed information about their services, sustainability program, and key personnel. They also have a contact page on their website for inquiries and a list of their global offices for direct contact.
