Their own payment-practices filing · gov.uk
Costain Oil, Gas & Process Limited paid suppliers in 25 days on average — within its stated 21–45 day terms
Their H1 2024 filing put the average 4 days past the shortest term they state (21 days), still within their 45-day upper term.
- Their stated terms
- 21–45 days
- Paid outside agreed terms
- 19% of invoices
- Paid after 61+ days
- 2%
- Reporting period
- 1 Jan 2024 – 30 Jun 2024
- Source
- their gov.uk filing, filed 30 Jul 2024
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2024 filing
Paid within their stated range — 25 against 21–45 days
Where their invoices landed · share of all invoices
The pattern · last 6 of 13 reports
39 → 25 days — faster across the window
The read · computed from their figures
Costain Oil, Gas & Process Limited's H1 2024 filing put their average at 25 days against stated terms of 21–45 days; 19% of invoices were paid outside agreed terms and 2% took 61 days or longer. Filed 30 Jul 2024.
The direction is faster: from 39 days in H2 2021 to 25 now — 14 days faster across their last 6 reports.
That is 13 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.
What they tell their suppliers
In their own words · from the filing
Standard payment terms
Payment terms are agreed with suppliers and subcontractors as part of the contract arrangements and invoices must show the order number. Terms vary from 21 days where payment is made once the invoice is processed to 45 days from date of invoice. The most frequently used terms for suppliers in the reporting period are 30 days from the date of invoice with payment for these suppliers generally made after receipt of a statement from the supplier and a reconciliation of the account.
Dispute resolution
Costain Oil Gas & Process Limited actively seeks to resolve disputes by discussing them with the relevant supplier(s), typically involving members of the relevant project’s supply chain, procurement or commercial teams and the relevant accounts or accounts payable team. Where necessary members of management will be involved. Where it is not possible to reach agreement, usually on entitlement in relation to subcontracts, a number of potential dispute resolution methods may be used, most commonly, mediation or adjudication. If it remains impossible to reach agreement, the items may go to litigation.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2024 | 25 | 19% | 2% | 30 Jul 2024 |
| H2 2023 | 25 | 20% | 2% | 30 Jan 2024 |
| H1 2023 | 40 | 28% | 10% | 27 Jul 2023 |
| H2 2022 | 27 | 22% | 6% | 31 Jan 2023 |
| H1 2022 | 46 | 41% | 13% | 28 Jul 2022 |
| H2 2021 | 39 | 47% | 19% | 27 Jan 2022 |
| H1 2021 | 50 | 58% | 21% | 28 Jul 2021 |
| H2 2020 | 73 | 65% | 29% | 28 Jan 2021 |
| H1 2020 | 92 | 63% | 32% | 30 Jul 2020 |
| H2 2019 | 66 | 71% | 35% | 28 Jan 2020 |
| H1 2019 | 92 | 73% | 54% | 29 Jul 2019 |
| H2 2018 | 93 | 73% | 47% | 30 Jan 2019 |
| H1 2018 | 131 | 82% | 58% | 31 Jul 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 1 Jan 1964
- Registered office
- SEVENTH FLOOR, LONDON, EC3A 8BE
Illustrative · working-capital arithmetic
What a 25-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 25-day vs a 21-day payment cycle.
Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.
Quick answers · Costain Oil, Gas & Process Limited
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How UK payment reporting works
What is a Payment Practices Report?
What does "paid outside agreed terms" mean?
How often is this data updated?
Is this official government data?
How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.
The 31-day comparison figure is the median across 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).
Report PL-00786418 · latest period to 30 Jun 2024
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