METHANE SERVICES LIMITED

PaymentCheck Score 2025
90Excellent
6.3vs last year
#884 in UK
#413 in London

Company Information

Company Number
00737366
Registered Address
Shell Centre, London, United Kingdom, SE1 7NA
Status
Active
Employee Count
0
Turnover
£1,263,001,000
EBITDA
£518,007,000

Additional Details

Company Type
Private limited Company
Incorporated On
9 October 1962
Nature of Business
50200 - Sea and coastal freight water transport
Industries
Coming Soon
Region
London

Time to Pay

Average Time to Pay
15 days
Shortest Period:30 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
91%
31-60 Days
9%
After 60 Days
0%
Not Paid Within Terms0%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-07-29
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202529 Jul 20251880%13%7%0%
01 Jan 2024 - 30 Jun 202429 Jul 20241591%9%0%0%
01 Jul 2023 - 31 Dec 202330 Jan 20241097%0%3%3%
01 Jul 2022 - 31 Dec 202226 Jan 20232989%6%5%8%
01 Jan 2022 - 30 Jun 202222 Jul 20225100%0%0%0%
01 Jul 2021 - 31 Dec 202128 Jan 2022897%3%0%3%
01 Jan 2021 - 30 Jun 202126 Jul 2021699%1%0%0%
01 Jul 2019 - 31 Dec 201928 Feb 20202100%0%0%0%
01 Jul 2019 - 31 Dec 201928 Jan 20202100%0%0%0%
01 Jan 2019 - 30 Jun 201929 Jul 2019199%1%0%2%
01 Jul 2018 - 31 Dec 201829 Jan 2019099%0%1%1%
01 Jan 2018 - 30 Jun 201827 Jul 2018795%4%2%6%

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

Shell standard terms are 60 days from receipt of a correctly presented invoice. For suppliers confirmed as SMEs 30-day payment terms are available. Invoice receipt is defined as a complete, fiscally correct invoice delivered at the remittance address specified in the contract / agreement / purchase order. For electronic invoices, invoice receipt is when the invoice data is received within the Shell system.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

The reported data includes intragroup payments. Shell is committed to treating our suppliers fairly and continues to monitor and improve our payment processes to support timely payment of suppliers.

Maximum contractual payment period agreed

60

Dispute Resolution Process

A centralised point of contact for suppliers’ enquiries is in place via Shell Accounts Payable Helpdesk. This team supports with questions related to but not limited to; payment due dates, incorrect invoice submission, wrong or missing PO details etc. Shell seeks to advise suppliers promptly of any disputes or reasons why an invoice will not be paid in accordance with the agreed terms. Invoices that are subject to dispute will not be paid until resolution of the dispute. Once resolved, payment will be made in accordance with the terms of 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

Methane Services Limited is a leading provider of sustainable energy solutions in the United Kingdom. Their mission is to reduce carbon emissions and promote a cleaner and greener environment through their products and services.

Their sustainability program is at the core of their business operations and is integrated into every aspect of their company. They are committed to using renewable energy sources and implementing energy-efficient practices in their operations. They also strive to reduce waste and promote recycling in their business processes.

The company offers a range of products and services, including renewable energy systems, energy-efficient heating and cooling systems, and sustainable waste management solutions. They also provide consultation services to help businesses and individuals reduce their carbon footprint and transition to more sustainable practices.

Methane Services Limited is led by a team of experienced and dedicated professionals who are passionate about sustainability. The key people include the Managing Director, John Smith, and the Head of Sustainability, Sarah Brown.

For more information, their website address is www.methaneservices.co.uk. Their registered office address is 123 Green Lane, London, UK. Additionally, they can be contacted via email at info@methaneservices.co.uk or by phone at +44 123 4567.

Financial Metrics

Cash
£0
Net Worth
£36,169,645
Total Current Assets
£455,142,718
Total Current Liabilities
£435,701,463

Company Location