BOSKALIS SUBSEA LIMITED

Company number: 07130752

Reporting period:
1 July 2022 to 31 December 2022

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This report was filed on 31 January 2023

and approved by Pierre Juge

Payment statistics

Average time taken to pay invoices: 48 days

Invoices paid:

• within 30 days: 34%
• in 31 to 60 days: 35%
• in 61 days or more: 31%

Invoices due but not paid within agreed terms: 64%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

60 days

Standard payment terms

Standard contractual terms vary between 7 and 60 days and are determined on a supplier by supplier basis.

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

60 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

First point of contact for disputes is the Boskalis Subsea accounts payable team in Fareham, United Kingdom. When an invoice is disputed, the supplier will receive an email detailing the disputed item and reason for dispute. To resolve a dispute the supplier is required to provide any missing information, revised invoice or credit note. The invoice will only be sent for payment once this information is received and approved by the relevant personnel.

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