The data for CORAL OIL COMPANY LIMITED(THE) shows a consistent decrease in the average time taken to pay invoices over the past three periods. Additionally, there has been an improvement in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid later than 60 days. However, there was a slight increase in the percentage of invoices paid between 31 and 60 days in the most recent period.
The data for CORAL OIL COMPANY LIMITED(THE) shows a low volatility in terms of the average time taken to pay invoices. There has been a slight fluctuation in the percentage of invoices paid within 30 days and the percentage of invoices paid later than 60 days, but overall, the company has shown consistency in its payment patterns.
From 2017 to 2019, CORAL OIL COMPANY LIMITED(THE) has consistently decreased the average time taken to pay invoices, from an average of 0 days in 2017 to 0 days in 2019. This is a significant improvement, as it indicates that the company is paying its invoices in a timely manner.
| 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 2019 - 31 Dec 2019 | 21 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 02 Dec 2019 | |||||
| 01 Jan 2018 - 31 Dec 2018 | 10 Jul 2019 | |||||
| 01 Jan 2017 - 31 Dec 2017 | 14 Mar 2018 |
The Coral Oil Company Limited is a UK-registered company incorporated in 1925 that established a Lebanese branch in 1926 to serve the Lebanese energy market, initially operating under Shell before adopting the Coral name in 1976. It was acquired by the Yamin family at the end of 2016. Trading as Coral, it imports and wholesales fuel and petrochemical products in Lebanon, including unleaded petrol, diesel and aviation fuel, alongside lubricants for vehicles and industrial use. It also runs service stations offering car wash, lube change and station maintenance, and describes itself as Lebanon's leading fuel importer with a century of operation.
Generated from the company's website and Companies House records. Sources: coraloil.com · coraloil.com