Their own payment-practices filing · gov.uk

Nov Downhole Eurasia Limited paid suppliers in 120 days on average — 60 days past its stated terms

CRN 04514250 · Mining & quarrying · 15 statutory reports on record · period to 30 Jun 2025

Dated record. The latest report covers a period ending 30 Jun 2025 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

120daysavg time to pay · H1 2025

Their H1 2025 filing put the average 60 days past the 60-day term they state.

Their stated terms: 60 days
Paid outside agreed terms: 88% of invoices
Paid after 61+ days: 67%
Reporting period: 1 Jan 2025 – 30 Jun 2025
Source: their gov.uk filing, filed 18 Sept 2025

Self-reported figures from their statutory filing. How this is compiled.

Terms vs reality · their H1 2025 filing

Paid 60 days past their stated terms

PAIDLATE · terms vs the clockdays to pay · 0–130

avg 120d

0 days130 days

reported avg 120 days their filed terms 60 days UK median 31 days · n = 6,104 recent filers

Where their invoices landed · share of all invoices

within 30 days 7% 31–60 days 26% 61+ days 67%

Source: their statutory Payment Practices Report #103125, period 1 Jan 2025 – 30 Jun 2025, filed 18 Sept 2025 · gov.uk payment-practices service

Nov Downhole Eurasia Limited paid 60 days past its own stated terms. 88% of invoices still went outside agreed terms; 67% reached 61 days or more. Self-reported in their statutory H1 2025 filing.

The pattern · last 6 of 15 reports

145 → 120 days — faster across the window

PAIDLATE · the patternavg days per report

Last 6 of 15 filed reports · linear day scale · every period is in the table below · Source: gov.uk payment-practices service

25 days faster across the window. From 145 days in H2 2022 to 120 in the H1 2025 filing; the dashed line marks the 60-day term they state.

The read · computed from their figures

Nov Downhole Eurasia Limited's H1 2025 filing put their average at 120 days against stated terms of 60 days; 88% of invoices were paid outside agreed terms and 67% took 61 days or longer. Filed 18 Sept 2025.

The direction is faster: from 145 days in H2 2022 to 120 now — 25 days faster across their last 6 reports.

That is 15 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.

What they tell their suppliers

Offers e-invoicing

In their own words · from the filing

Standard payment terms

Standard terms are 60 days but we do have certain vendors/suppliers still at 30 days or less.

Dispute resolution

Disputes are handled on a case by case basis and worked through by the purchasing team.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H1 2025	120	88%	67%	18 Sept 2025
H2 2024	88	88%	64%	18 Sept 2025
H1 2024	76	87%	62%	18 Sept 2025
H2 2023	66	76%	46%	18 Sept 2025
H1 2023	90	79%	43%	8 Aug 2023
H2 2022	145	53%	54%	22 Feb 2023
H1 2022	120	78%	45%	22 Feb 2023
H2 2021	60	83%	12%	22 Feb 2023
H1 2021	56	83%	27%	22 Feb 2023
H2 2020	39	84%	15%	14 Jun 2021
H1 2020	40	78%	13%	14 Jun 2021
H2 2019	41	68%	9%	21 Dec 2020
H1 2019	23	67%	2%	21 Dec 2020
H2 2018	23	61%	4%	18 Mar 2020
H1 2018	21	68%	2%	18 Mar 2020

On the public register · Companies House

Company record

Status: Active
Type: Private Limited Company
Incorporated: 19 Aug 2002
Registered office: STONEDALE ROAD, STONEHOUSE, GL10 3RQ

0 outstanding charges on the register Accounts due 31 Dec 2026

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 120-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 120-day vs a 60-day payment cycle.

≈ £47,500

of invoicing outstanding at any one time on a 120-day cycle — about £23,700 more than the same account would carry at 60-day terms.

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 · Nov Downhole Eurasia Limited

Are they getting slower or faster?

Their reported average has moved about 25 days faster over the window (145 → 120 days).

What's their typical pay point?

Their latest filed report put the average at day 120; across their last 6 reports it ranged 66–145 days. Treat that as a historical reference point, not a promise for a new invoice.

Can I see what this means for my invoices?

Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.

Stay ahead

Watch Nov Downhole Eurasia Limited (free)

They haven’t filed a payment report since 18 Sept 2025. We watch their public record and email you when something changes — a new payment report, late filings, insolvency markers, new charges.

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How UK payment reporting works

What is a Payment Practices Report?

UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.

What does "paid outside agreed terms" mean?

The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.

How often is this data updated?

Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.

Is this official government data?

The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

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-04514250 · latest period to 30 Jun 2025

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