Their own payment-practices filing · gov.uk
Baker Hughes Limited paid suppliers in 28 days on average — inside its shortest stated term
Their H1 2022 filing put the average 32 days inside the shortest term they state (60 days).
- Their stated terms
- 60–120 days
- Paid outside agreed terms
- 32% of invoices
- Paid after 61+ days
- 12%
- Reporting period
- 1 Jan 2022 – 30 Jun 2022
- Source
- their gov.uk filing, filed 26 Jul 2022
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2022 filing
Paid 32 days inside the 60-day term they state
Where their invoices landed · share of all invoices
The pattern · last 6 of 9 reports
52 → 28 days — faster across the window
The read · computed from their figures
Baker Hughes Limited's H1 2022 filing put their average at 28 days against stated terms of 60–120 days; 32% of invoices were paid outside agreed terms and 12% took 61 days or longer. Filed 26 Jul 2022.
The direction is faster: from 52 days in H2 2019 to 28 now — 24 days faster across their last 6 reports.
That is 9 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
Standard payment terms used by Baker Hughes Limited are 120 days, calculated from the date of reception of the invoice.
Dispute resolution
Complaints from suppliers about payment should be submitted to [email protected], where the dedicated team will manage the disputes ensuring they are resolved by discussion and agreement with the supplier. In addition, Baker Hughes Vendor Portal enables companies who supply Baker Hughes with goods or services to view invoice status over the internet, upon registration. This provides suppliers with the flexibility to securely check the status of invoices and remittance advice in the Baker Hughes accounting system anytime.
Other information
The 32% reported as invoices due not paid within agreed terms includes 95% in respect of invoices that have been set up in the ledger with 0 days payment terms to allow these invoices to be paid on the next available payment run. These invoices therefore distort the reported figure as they are included as not being paid within agreed terms. The terms are set at 0 following management’s decision to pay these invoices on the next available payment run – the average time taken to pay these invoices is 8 days. Baker Hughes Limited has introduced a number of sourcing initiatives including Global Payment Terms for certain Vendors and an incentivised move towards monthly payments for certain large Vendors. In addition, Baker Hughes Limited has implemented an invoice factoring program.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2022 | 28 | 32% | 12% | 26 Jul 2022 |
| H2 2021 | 34 | 58% | 16% | 31 Jan 2022 |
| H1 2021 | 31 | 62% | 16% | 29 Jul 2021 |
| H2 2020 | 60 | 87% | 46% | 29 Jan 2021 |
| H1 2020 | 54 | 76% | 37% | 31 Jul 2020 |
| H2 2019 | 52 | 74% | 37% | 30 Jan 2020 |
| H1 2019 | 51 | 74% | 35% | 29 Jul 2019 |
| H2 2018 | 53 | 74% | 34% | 28 Jan 2019 |
| H1 2018 | 47 | 70% | 31% | 30 Jul 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 13 Sept 1978
- Registered office
- 10TH FLOOR,, LONDON, W6 8PW
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How UK payment reporting works
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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-01388658 · latest period to 30 Jun 2022
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