TOTALENERGIES EP UK LIMITED
Company Information
- Company Number
- 00811900
- Registered Address
- 19th Floor 10 Upper Bank Street, Canary Wharf, London, England, E14 5BF
- Status
- Active
- Employee Count
- 672.0
- Turnover
- 2881411000.0
- EBITDA
- 2556255000.0
Additional Details
- Website
- https://total.com
- Company Type
- Private limited Company
- Incorporated On
- 8 July 1964
- Nature of Business
- 06100 - Extraction of crude petroleum
- Industries
- 0
- Region
- London
Company Location
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 01 Feb 2024 | 32 | 88% | 8% | 4% | 12% |
| 01 Jan 2023 - 30 Jun 2023 | 17 Aug 2023 | 32 | 87% | 11% | 2% | 13% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 33 | 82% | 15% | 3% | 18% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 31 | 91% | 8% | 1% | 9% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 31 | 92% | 7% | 1% | 8% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 33 | 81% | 17% | 2% | 19% |
| 01 Jul 2020 - 31 Dec 2020 | 08 Feb 2021 | 34 | 85% | 12% | 3% | 15% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 35 | 67% | 27% | 6% | 33% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jul 2020 | 38 | 56% | 31% | 13% | 44% |
| 01 Jan 2019 - 30 Jun 2019 | 22 Oct 2019 | 39 | 54% | 28% | 18% | 46% |
| 01 Jul 2018 - 31 Dec 2018 | 05 Feb 2019 | 31 | 86% | 12% | 2% | 14% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 31 | 89% | 9% | 2% | 11% |
Company Summary
TotalEnergies E&P UK Limited is a leading oil and gas exploration and production company based in the United Kingdom
The company is a subsidiary of the global energy company TotalEnergies and has been operating in the UK for over 50 years
The company's main activities include exploring, developing, and producing oil and gas resources in the UK North Sea
They have a strong track record of delivering safe and efficient operations and are committed to minimizing their environmental impact
As part of their sustainability program, TotalEnergies E&P UK Limited has set ambitious goals to reduce their carbon footprint and transition to cleaner energy sources
They have invested in renewable energy projects and implemented energy efficiency measures in their operations
TotalEnergies E&P UK Limited offers a wide range of products and services, including crude oil, natural gas, liquefied natural gas (LNG), and electricity
They also provide energy solutions for industries, businesses, and households
The company's key people include Managing Director Jean-Luc Guiziou and Deputy Managing Director Elizabeth Padmore
They have a team of experienced professionals who are dedicated to delivering high-quality and sustainable energy solutions
For more information on TotalEnergies E&P UK Limited, their products and services, sustainability program, and latest updates, you can visit their website at www.totalenergies-uk.com
Their registered office is located at TotalEnergies E&P UK Limited, 2 Kingdom Street, London, W2 6BD, United Kingdom
Company Review
Trend Analysis
The average time taken for TOTALENERGIES E&P UK LIMITED to pay invoices has fluctuated between 31 and 39 days over the past three years, with a slight overall decrease from 2019 to 2023.
Volatility Analysis
The company's percentage of invoices paid within 30 days has varied from 54% to 92% over the past three years, with a general trend of improvement. However, there was a significant increase in late payments in 2019, with 18% of invoices being paid later than 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms are to pay 30 days after the receipt of the invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
The supplier is informed of the query by email. If a satisfactory response is received then the invoice is progressed for approval and payment. If no response has been received after 5 business days the invoice is returned to the supplier for correction and resubmission along with a letter stating the reason for the rejection of the invoice.
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