From the data provided, it can be seen that the average time taken for PRIVATE OIL HOLDINGS OMAN LIMITED to pay invoices to suppliers has decreased over the years. The percentage of invoices paid within 30 days has also increased, while the percentage of invoices paid later than 60 days has decreased.
The data shows a consistent trend of improvement in the company's payment practices, with a gradual decrease in the average time taken to pay invoices and an increase in the percentage of invoices paid within 30 days. This indicates that the company is becoming more efficient in managing its payment processes.
From the data provided, it can be seen that PRIVATE OIL HOLDINGS OMAN LIMITED has shown a consistent trend of improvement in its payment practices over the past three periods. The average time taken to pay invoices has decreased from 2018-2021, with a slight increase in 2022-2023. The percentage of invoices paid within 30 days has consistently increased, peaking at 88.9% in 2023. The percentage of invoices paid later than 60 days has consistently decreased, with the lowest being 3.7% in 2023.
| 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 2023 - 31 Dec 2023 | 23 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 21 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 20 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 |
PRIVATE OIL HOLDINGS OMAN LIMITED is an active private limited company, incorporated on 19 July 1937, based in the London region. Registered business activity: Wholesale of other fuels and related products.
From Companies House records.