CGG SERVICES (UK) LIMITED
Company number: 06923682
Reporting period:
1 July 2024 to 31 December 2024
Report filed on:
30 January 2025
Approved by:
Robert Bell-Davies
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 67%
- in 31 to 60 days: 24%
- in 61 days or more: 9%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 51%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms are the number of days from when the invoice is due since the tax point. For example, if the invoice date is 01/01/2024 and the payment terms are 30 days, the invoice will be due for payment on or before 31/01/2024. After this date it will become overdue.
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
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Invoices from suppliers are sent to the AP Team via email or by post. The AP Accountant will send them for approval via Yooz. If there is any issue with the invoice the Accountant will keep the invoice on hold and check with the supplier. If a credit memo is required this should be issued and a new invoice sent for re-posting. Once approved it will be added to the payment run for processing/payment.
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