| 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 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 42 | 57% | 37% | 6% | 14% |
| 01 Jan 2018 - 30 Jun 2018 | 09 Aug 2018 | 44 | 28% | 51% | 21% | 67% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
North East RIG-OUT Ltd has two main standard payment terms which are 30 and 60 days. These terms may vary in accordance with individual agreements with suppliers.
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
75
North East RIG-OUT Ltd will raise any queries that will affect Supplier Payments with the relevant Internal Departments and with the Suppliers as soon as possible and resolve appropriately
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
NORTH EAST RIG-OUT LIMITED is a dissolved private limited company, incorporated on 14 May 2010, based in the Scotland region. Registered business activity: Dormant Company.
From Companies House records.