TOTALENERGIES OFFSHORE UK LIMITED
Company Information
- Company Number
- 00946986
- Registered Address
- 19th Floor 10 Upper Bank Street, Canary Wharf, London, England, E14 5BF
- Status
- Active
- Employee Count
- 0.0
- Turnover
- 567237000.0
- EBITDA
- 485422000.0
Additional Details
- Website
- https://maerskoil.com
- Company Type
- Private limited Company
- Incorporated On
- 30 January 1969
- Nature of Business
- 06100 - Extraction of crude petroleum$06200 - Extraction of natural gas
- Industries
- Property,Infrastructure And Construction
- 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 | 62% | 35% | 3% | 38% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jul 2020 | 38 | 55% | 28% | 17% | 45% |
| 01 Jan 2019 - 30 Jun 2019 | 22 Oct 2019 | 55 | 33% | 36% | 31% | 67% |
| 01 Jul 2018 - 31 Dec 2018 | 08 Feb 2019 | 40 | 77% | 23% | 0% | 23% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 37 | 87% | 8% | 5% | 13% |
Company Summary
TOTALENERGIES OFFSHORE UK LIMITED is a leading energy company that specializes in offshore oil and gas exploration and production
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact
Their sustainability program includes the reduction of greenhouse gas emissions, the promotion of renewable energy sources, and the protection of biodiversity in their operations
They also prioritize the health and safety of their employees and promote diversity and inclusion within their workforce
The company offers a wide range of products and services, including exploration and production of oil and gas, processing and transportation of hydrocarbons, and the development of renewable energy projects
They also provide energy solutions for businesses and individuals, such as natural gas, electricity, and alternative fuels
Key people in TOTALENERGIES OFFSHORE UK LIMITED include their CEO, Patrick Pouyanné, and their Managing Director for the UK, Jean-Luc Guiziou
They work with a team of experienced professionals to ensure the success of their operations and sustainability efforts
The company's website address is www.totalenergies.co.uk and their registered office is located at 69 Station Road, Egham, Surrey, TW20 9LX
They can also be contacted via email at ukinfo@totalenergies.com or by phone at +44 (0)1784 427000
Overall, TOTALENERGIES OFFSHORE UK LIMITED is committed to providing sustainable energy solutions while prioritizing the well-being of their employees and protecting the environment
Company Review
Trend Analysis
The average time taken for TOTALENERGIES OFFSHORE UK LIMITED to pay invoices has fluctuated over the past three periods. It decreased from 55 days in 2019 to 35 days in 2020, before increasing to 33 days in 2021. There has been a slight increase to 32 days in the most recent period, indicating a relatively stable trend.
Volatility Analysis
The percentage of invoices paid within 30 days has been volatile, ranging from 33% in 2019 to 92% in 2021. The percentage of invoices paid between 31 and 60 days has also fluctuated, with a high of 36% in 2019 and a low of 7% in 2021. The percentage of invoices paid later than 60 days has been relatively stable, ranging from 1% to 5%. The percentage of invoices not paid within agreed terms has also been volatile, with a high of 67% in 2019 and a low of 1% in 2021.
Summary Analysis
TOTALENERGIES OFFSHORE UK LIMITED has shown improvement in their payment practices over the past three periods. The average time taken to pay invoices decreased from 55 days in 2019 to 32 days in 2023. The percentage of invoices paid within 30 days has also improved, increasing from 33% in 2019 to 88% in 2023. However, there is still room for improvement as the percentage of invoices paid later than 60 days remains at 2-4% and the percentage of invoices not paid within agreed terms is still high at 10% in the most recent period.
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