BP SHIPPING LIMITED
Company Information
- Company Number
- 00140132
- Registered Address
- Chertsey Road, Sunbury On Thames, Middlesex, TW16 7BP
- Status
- Active
- Employee Count
- 0
- Turnover
- £1,001,267,000
- EBITDA
- £336,756,000
Additional Details
- Website
- https://bp.com
- Company Type
- Private limited Company
- Incorporated On
- 30 April 1915
- Nature of Business
- 50200 - Sea and coastal freight water transport
- Industries
- Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| 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 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 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 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 47 | 24% | 67% | 9% | 67% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard contractual terms for the payment to suppliers are 30 - 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
Dispute Resolution Process
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).
Other Payment Information
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.
❌
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
BP SHIPPING LIMITED is a British multinational energy company that operates in over 70 countries worldwide. The company is primarily involved in the exploration, production, and distribution of oil and natural gas.
Sustainability is a key focus for BP SHIPPING LIMITED and the company has implemented various initiatives to reduce its carbon footprint and promote environmental conservation. This includes investing in renewable energy sources, implementing efficient shipping practices, and reducing emissions through the use of low sulfur fuels.
In terms of products and services, BP SHIPPING LIMITED offers a wide range of shipping solutions for the transportation of oil, gas, and petroleum products. The company also provides marine lubricants and bunkering services to its customers.
The key people at BP SHIPPING LIMITED include CEO Bernard Looney and Chairman Helge Lund, who are responsible for the overall strategic direction of the company. The company also has a strong team of experienced professionals who are dedicated to delivering high-quality services to its clients.
For more information on BP SHIPPING LIMITED and its services, one can visit their website at www.bpshipping.com. The registered office address of the company is located at 1 St James's Square, London SW1Y 4PD, United Kingdom.
