CHRYSAOR PETROLEUM COMPANY U.K. LIMITED

PaymentCheck Score 2020
85Good
New Entry
#1071 in UK
#79 in Energy
#495 in London

Company Information

Company Number
00792712
Registered Address
23 Lower Belgrave Street, London, England, SW1W 0NR
Status
Active
Employee Count
0
Turnover
£304,648,000
EBITDA
£152,369,000

Additional Details

Company Type
Private limited Company
Incorporated On
20 February 1964
Nature of Business
06100 - Extraction of crude petroleum
06200 - Extraction of natural gas
Industries
Energy
Region
London

Time to Pay

Average Time to Pay
30 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
87%
31-60 Days
11%
After 60 Days
2%
Not Paid Within Terms13%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2021-02-01
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2020 - 31 Dec 202001 Feb 20213087%11%2%13%
01 Jan 2020 - 30 Jun 202030 Jul 20203184%13%3%16%
01 Jul 2018 - 31 Dec 201825 Jan 20193192%7%1%8%
01 Jan 2018 - 30 Jun 201827 Jul 20183092%7%1%10%

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

30 days from receipt of correctly prepared and adequately supported invoice/payment request

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

No information available

Any other information about payment terms

No additional information

Maximum contractual payment period agreed

30

Dispute Resolution Process

Supplier to contact Invoice Helpdesk (e-mail or telephone) in the first instance and they will escalate appropriately

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

CHRYSAOR PETROLEUM COMPANY U.K. LIMITED is a leading independent oil and gas company based in London, United Kingdom. The company is focused on the exploration, development, and production of oil and gas resources in the North Sea region.

As part of its sustainability efforts, CHRYSAOR has implemented various initiatives to reduce its carbon footprint and promote environmental conservation. These include investing in renewable energy projects and implementing efficient waste management practices.

The company's main products and services include the production of crude oil and natural gas, as well as the development of offshore oil and gas fields. CHRYSAOR also offers a range of support services to its clients, including drilling and well management, logistics, and supply chain management.

The key people at CHRYSAOR PETROLEUM COMPANY U.K. LIMITED include Chief Executive Officer Phil Kirk, Chief Operating Officer Phil Holland, and Chief Financial Officer Stuart Wheaton. They are supported by a team of experienced professionals with a wealth of knowledge in the oil and gas industry.

To contact CHRYSAOR, individuals can visit their website at www.chrysaor.com or reach out to their registered office at 1 Canada Square, Canary Wharf, London, E14 5AB, United Kingdom. The company is committed to maintaining high standards of corporate responsibility and sustainability while delivering value to its stakeholders.

Financial Metrics

Cash
£0
Net Worth
£174,604,000
Total Current Assets
£884,897,000
Total Current Liabilities
£999,460,000

Company Location