The data shows a consistent trend of BP EXPLORATION BETA LIMITED taking longer to pay invoices over time. In 2018, the average time to pay was not recorded, but in 2019 it was 34.9 days and in 2023 it was 52.2 days. This indicates a consistent increase in the time taken to pay invoices.
The data for BP EXPLORATION BETA LIMITED shows a relatively low level of volatility in terms of the percentage of invoices paid within 30 days and between 31 and 60 days. However, there is a noticeable increase in the percentage of invoices paid later than 60 days in 2023, indicating a potential issue with late payments.
Looking at the data for the past three periods (2021-2023), there is a clear trend of BP EXPLORATION BETA LIMITED taking longer to pay invoices. In 2021, the average time to pay was 43.6 days, but in 2023 it increased to 52.2 days, a 19.7% increase.
| 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 | 29 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 19 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 30 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 | 25 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 09 Jul 2018 |
BP Exploration Beta Limited is a UK registered company with the stated business activity of extraction of crude petroleum. Incorporated in 1967, it has previously traded under the names National Coal Board (Exploration) Limited, BNOC (Exploration) Limited and Britoil (Exploration) Limited before adopting its current name. It is registered at BP's Sunbury on Thames offices and appears to function as an operating or holding entity within the wider BP group, involved in oil and gas exploration activities. Companies House filings show it remains active, filing accounts and confirmation statements, with directors and a corporate secretary drawn from BP group entities. No further detail on specific fields, licences or operational assets is available from the evidence supplied.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk