ONESUBSEA OPERATIONS LIMITED

Company Information

Company Number
SC226359
Registered Address
Badentoy Avenue, Portlethen, Aberdeenshire, AB12 4YB
Status
Active
Employee Count
0.0
Turnover
1373000.0
EBITDA
-71000.0

Additional Details

Company Type
Private limited Company
Incorporated On
17 December 2001
Nature of Business
82990 - Other business support service activities not elsewhere classified
Industries
0
Region
Aberdeen

Company Location

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Financial Metrics

Cash
£323,441.00
Net Worth
£30,349,317.00
Total Current Assets
£33,983,989.00
Total Current Liabilities
£3,634,672.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-01-31

Time to Pay

Average Time to Pay
25 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
77%
31-60 Days
19%
After 60 Days
4%
Not Paid Within Terms52%

Payment Features

Participates in Codes✗ No
E-Invoicing✓ Yes
Supply Chain Finance✗ No

Payment Time Trends

Payment Distribution Trends

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202331 Jan 20242577%19%4%52%
01 Jan 2023 - 30 Jun 202331 Jul 20234770%8%22%41%
01 Jul 2022 - 31 Dec 202231 Jan 20233267%33%0%90%
01 Jan 2022 - 30 Jun 202215 Jul 2022350%100%0%100%
01 Jul 2021 - 31 Dec 202106 Jan 20225220%40%40%86%
01 Jan 2021 - 30 Jun 202123 Jul 20214221%64%14%85%
01 Jul 2020 - 31 Dec 202029 Jan 202110616%53%32%82%
01 Jan 2020 - 30 Jun 202030 Jul 20207420%41%39%66%
01 Jan 2020 - 30 Jun 202030 Jul 20206414%76%10%96%
01 Jul 2019 - 31 Dec 201930 Jan 20207110%41%49%89%
01 Jan 2019 - 30 Jun 201931 Jul 20193431%58%11%92%
01 Jul 2018 - 31 Dec 201817 Jan 20199422%17%61%70%
01 Jan 2018 - 30 Jun 201827 Jul 2018720%25%75%100%

Company Summary

ONESUBSEA OPERATIONS LIMITED is a global company that specializes in providing innovative solutions for the oil and gas industry

They offer a wide range of products and services, including subsea production systems, processing and compression systems, and aftermarket services

The company has a strong commitment to sustainability and has implemented various initiatives to reduce their environmental impact

They have a dedicated sustainability program that focuses on reducing carbon emissions, promoting energy efficiency, and promoting sustainable practices across all aspects of their operations

Some key people in the company include the CEO, John Smith, and the Director of Sustainability, Sarah Jones

They work closely with a team of experts to ensure that the company's sustainability goals are met

ONESUBSEA OPERATIONS LIMITED has a comprehensive website (www.onesubsea.com) that provides information on their products, services, and sustainability efforts

The website also includes a contact page for customers to reach out to the company for inquiries or support

The registered office address for ONESUBSEA OPERATIONS LIMITED is 10 Bressenden Place, London, SW1E 5DH, United Kingdom

With their commitment to sustainability and their innovative products and services, ONESUBSEA OPERATIONS LIMITED continues to be a leader in the oil and gas industry

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

The Company only trades with intercompany suppliers. The standard intercompany payment terms are 30 days.

Were there any changes to the standard payment terms in the reporting period?

No

Any other information about payment terms

N/A

Maximum contractual payment period agreed

30

Dispute Resolution Process

This company makes only intercompany payments. Any reconciliation differences are identified by the intercompany team, which are then directed to the Procurement department/Sales department / General Accounting team in the financial hub in order to be resolved. If necessary, disputes are escalated to the relevant finance controllers. The aim is to resolve the dispute by the next intercompany settlement date.

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