GOV.UK
WORLEY EUROPE LTD
Company number: 04334425
Reporting period:
1 July 2019
to 31 December 2019
This report was filed on 3 February 2020
and approved by Colin Fleming
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 60%
- in 31 to 60 days: 33%
- in 61 days or more: 7%
Invoices due but not paid within agreed terms: 39 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
45 days
Standard payment terms
The standard payment terms provide for payment within 30 days from the receipt of a proper invoice submitted in accordance with the agreed requirements.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
45 days
Any other information about payment terms
N/A
Dispute resolution process
[03/02/2020 09:44] Duthie, Kristopher (Annan House):
The standard payment terms provide for payment within 30 days from the receipt of a proper invoice submitted in accordance with the agreed requirements.
Suppliers are notified of any disputed invoices by email. Once a satisfactory response is received and dispute is resolved, the invoice is progressed for approval and payment in line with agreed standard payment terms for that supplier. Suppliers can obtain an update on the process by contacting the dedicated mailbox [accounts.payable.UK@WorleyParsons.com] - this mailbox can also be used by suppliers to escalate the dispute process or the supplier can contact their direct contact person at Worley Europe Limited.
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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.No
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