NOBLE DRILLING (LAND SUPPORT) LIMITED

Company number: SC118867

Reporting period:
1 July 2020 to 31 December 2020

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This report was filed on 27 January 2021

and approved by Matthew Brodie

Payment statistics

Average time taken to pay invoices: 28 days

Invoices paid:

• within 30 days: 87%
• in 31 to 60 days: 11%
• in 61 days or more: 2%

Invoices due but not paid within agreed terms: 2%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

45 days

Standard payment terms

Standard payment terms with all vendors is set as 30 days

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

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

35 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

Normally these will be with price or quantity variances with our purchase orders or insufficient back-up for invoices. We pass the disputes to our Supply Chain department to liaise with the vendor to resolve and if an edit or update to the purchase order is required our supply chain department will make the change to allow our Accounts Payable department to process the invoice(s). If no purchase order changes then the vendor would be requested to re-submit their invoice to agree with the purchase order

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, 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