BP OIL UK LIMITED
Company Information
- Company Number
- 00446915
- Registered Address
- Chertsey Road, Sunbury On Thames, Middlesex, TW16 7BP
- Status
- Active
- Employee Count
- 971
- Turnover
- £7,090,000,000
- EBITDA
- £157,000,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 20 December 1947
- Nature of Business
- 19201 - Mineral oil refining
- Industries
- Property,Infrastructure And Construction
- 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 | 21 | 82% | 17% | 1% | 4% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 37 | 52% | 44% | 4% | 8% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 37 | 49% | 49% | 3% | 4% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 39 | 49% | 48% | 3% | 5% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 23 | 70% | 26% | 4% | 20% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 16 | 91% | 8% | 1% | 4% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 15 | 93% | 5% | 1% | 3% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 17 | 93% | 6% | 1% | 5% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 18 | 92% | 6% | 2% | 6% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 22 | 88% | 7% | 5% | 9% |
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
6 to 60 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The 6 days payment period referred to under “Shortest standard payment period” above is based on the supply standard of 6 days after month of lifting – if product was lifted on the last day of the month then payment would be due 6 days later. 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 BACS transfers to suppliers arrive in the supplier’s bank account two business days after leaving the company’s bank account 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 Oil UK Limited is a leading energy company operating in the United Kingdom. The company is a subsidiary of the global energy giant BP, and it is headquartered in London, England. BP Oil UK Limited engages in the exploration, production, refining, and distribution of oil and natural gas.
Sustainability is a key focus for BP Oil UK Limited, and the company has a comprehensive sustainability program in place. This includes reducing carbon emissions, investing in renewable energy sources, and promoting energy efficiency. BP Oil UK Limited also works closely with local communities to minimize the impact of its operations on the environment and supports various conservation initiatives.
BP Oil UK Limited offers a wide range of products and services to its customers. These include gasoline, diesel, aviation fuel, lubricants, and natural gas. The company is also a major player in the renewable energy sector, with investments in wind, solar, and biofuels.
The key people at BP Oil UK Limited include the CEO, Bernard Looney, and the Chairman, Helge Lund. The company employs over 6,000 people in the UK and has a strong commitment to diversity and inclusion in its workforce.
For more information about BP Oil UK Limited, including its sustainability efforts, products, and services, you can visit their website at www.bp.com/uk. The registered office address for the company is BP Oil UK Limited, 1 St James's Square, London SW1Y 4PD, United Kingdom.
