HELIX WELL OPS (U.K.) LIMITED
Company number: SC231293
Reporting period:
1 July 2021 to 31 December 2021
Report filed on:
10 February 2022
Approved by:
Mr Craig McCaul
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 61%
- in 31 to 60 days: 35%
- in 61 days or more: 4%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 7%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
45 days
Standard payment terms
In consideration of the satisfactory performance of the work. Purchaser shall pay the vendor the price in the manner set out in the conditions. Vendor shall send Purchaser a detailed price invoice or Invoices as instructed on the order clearly stating the Order Number , the item numbers and the settlement terms and containing all information required to be stated on a tax invoice for VAT purposes. Unless otherwise specified in the order all payments hereunder shall be made within 45 days of receipt of vendors true and correct invoice at Purchasers invoicing address. Payment shall not operate as a waiver of any of the rights of Purchaser under the Order or otherwise. Unless otherwise stated in the order all payments hereunder shall be made in sterling. Vendor acknowledges that except as specifically provided in the order the rates and prices contained therein are sufficient to cover all its obligations whether expressed or implied under the order,
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
45 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
if an invoice is received without a Purchase Order Number the invoice is returned to the supplier from the Accounts Payable team requesting that the invoice is re-submitted quoting a PO number then the invoice is then sent out for approval by the Accounts Payable team. if any invoice is queried by the approver this is then the invoice will be out on hold until the issue is resolved.Once the issue is resolved then the invoice will be paid in line with the payment terms. If unresolved AP will ask for a credit note and the invoice will remain on hold until the credit note is received.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No