The data shows that OLA ENERGY ETHIOPIA LIMITED has consistently paid invoices within agreed terms in the past three years. The average time to pay has remained relatively stable, with a slight decrease in 2021 compared to previous years. There has also been an increase in the percentage of invoices paid within 30 days, indicating a trend towards early payment.
The data does not show significant volatility in the time taken for OLA ENERGY ETHIOPIA LIMITED to pay invoices. The company has maintained a consistent payment pattern, with only minor changes between periods.
In the past three periods, OLA ENERGY ETHIOPIA LIMITED has maintained a consistent payment pattern, with an average time to pay of around 30 days. The percentage of invoices paid within 30 days has increased slightly, while the percentage of invoices paid later than 60 days has decreased. The company has consistently paid invoices within agreed terms, with no significant changes in the past three years.
| 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 2021 - 31 Dec 2021 | 29 Mar 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 02 Aug 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 23 Feb 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 02 Feb 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 20 Aug 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 30 Jun 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 |
OLA ENERGY ETHIOPIA LIMITED is a UK-registered company, originally incorporated in 1929 as Shell Ethiopia Limited before trading as Libya Oil Ethiopia Limited and later renaming to its current name. Its registered activities cover wholesale of fuels and related products, wholesale of chemical products, and retail sale of automotive fuel through specialised stores. Companies House records show its persons with significant control include the Libyan Investment Authority, indicating it forms part of a wider fuel distribution group operating in Ethiopia. The company itself is a UK holding and administrative entity linked to fuel wholesale and retail operations rather than a UK-facing trading outlet.
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