Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 92/100 qualifies for PaymentCheck Certification
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2025 - 31 Dec 2025 | 30 Jan 2026 | 17 | 95% | 4% | 1% | 23% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 15 | 94% | 5% | 1% | 30% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 41 | 67% | 22% | 11% | 31% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 42 | 55% | 33% | 12% | 43% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 46 | 52% | 31% | 17% | 45% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 39 | 46% | 39% | 16% | 47% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 41 | 58% | 30% | 13% | 37% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 44 | 65% | 20% | 15% | 27% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 43 | 74% | 16% | 10% | 21% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 40 | 71% | 19% | 10% | 21% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 39 | 71% | 20% | 9% | 23% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 39 | 71% | 21% | 8% | 19% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 37 | 70% | 23% | 7% | 20% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 37 | 59% | 34% | 7% | 32% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 47 | 24% | 67% | 9% | 67% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard contractual terms for the payment to suppliers are 0 - 60 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Payment statistics disclosed in this report can be affected by a number of different factors including payments made to other BP group companies which are included within the data disclosed. Invoices are often reported as due but not paid within agreed terms because contract payments due on weekends or bank holidays are typically paid on the following business day and the company typically initiates payments in batches, on a daily basis; where this is the case payments will normally be received by the supplier within a few days of the due date
Maximum contractual payment period agreed
60
The Company will notify suppliers of any invoice disputes. The Company and the supplier will endeavour to resolve all disputes by agreement of the parties. Once resolved, payment will be made in accordance with agreed terms. If these discussions are unsuccessful, then the dispute will be resolved by reference to arbitration or courts (as specified in the contract).
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
BP Shipping Limited is a UK registered company forming part of the BP group, operating within sea and coastal freight water transport under SIC code 50200. It was originally incorporated in 1915 as B P Tanker Company Limited, later renamed BP Shipping Limited in 1980, reflecting its role in the group's marine transport activities, historically associated with tanker operations. The company remains active and is registered at an address in Sunbury on Thames. As the entity within the wider BP group responsible for shipping matters, it does not itself detail retail or exploration operations, which belong to other parts of the group. No further descriptive detail of current services is provided in the available records.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk