NOBLE DRILLING (LAND SUPPORT) LIMITED
Company number: SC118867
Reporting period:
1 January 2022
to 30 June 2022
This report was filed on 15 July 2022
and approved by Matthew Brodie
Payment statistics
Average time taken to pay invoices: 58 days
Invoices paid:
- within 30 days: 13%
- in 31 to 60 days: 59%
- in 61 days or more: 28%
Invoices due but not paid within agreed terms: 28 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
45 days
Standard payment terms
Standard payment terms with vendors is set as 30 days
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
35 days
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
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