CHEVRON BRITAIN LIMITED
Company Information
- Company Number
- 01006065
- Registered Address
- 1 Westferry Circus, Canary Wharf, London, E14 4HA
- Status
- Active
- Employee Count
- 65
- Turnover
- £265,700,000
- EBITDA
- £185,800,000
Additional Details
- Website
- https://texaco.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 26 March 1971
- Nature of Business
- 06100 - Extraction of crude petroleum06200 - Extraction of natural gas
- Industries
- Energy
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 31 | 82% | 17% | 2% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 22 Jan 2024 | 29 | 79% | 20% | 1% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 25 | 89% | 9% | 2% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 25 | 98% | 2% | 0% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 24 | 98% | 1% | 1% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 28 | 85% | 3% | 12% | 0% |
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
Standard supplier terms are 30 days from receipt of a correctly prepared and adequately supported invoice. Intercompany invoices are due on 25th day of each month subject to a minimum payable balance. Those not meeting the threshold are paid twice a year in March and September.
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
60
Dispute Resolution Process
The company has an online portal for contractors to submit invoice queries and obtain payment remittance advice. The supplier relations team will verify reasons for non-payment and escalate to the accounts payable team if not able to resolve the query through this means.
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.
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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.
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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.
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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
Chevron Britain Limited is a subsidiary of the American multinational energy company Chevron Corporation. It operates in the UK and is headquartered in London. The company's main activities include exploration, production, and marketing of oil and gas.
In terms of sustainability, Chevron Britain Limited has a strong commitment to reducing its environmental impact and promoting sustainable practices. It has implemented various initiatives such as reducing greenhouse gas emissions, conserving water, and minimizing waste in its operations. The company also invests in renewable energy and researches new technologies to reduce its carbon footprint.
Chevron Britain Limited offers a range of products and services, including natural gas, crude oil, and refined petroleum products. It serves a diverse customer base, including industrial, commercial, and retail customers. The company also provides natural gas and electricity to homes and businesses through its subsidiary, Chevron Energy Solutions.
The key people at Chevron Britain Limited include Chairman and Managing Director, Michael Surguy, and Vice President and Country Manager, Greta Lydecker. The company has a team of experienced professionals who are committed to delivering high-quality products and services while upholding the company's values of safety, integrity, and respect.
For more information, individuals can visit the company's website at www.chevron.co.uk or contact them at their registered office address: 1 Westferry Circus, Canary Wharf, London, E14 4HA, United Kingdom. Overall, Chevron Britain Limited is a leading energy company that is dedicated to sustainable practices and providing reliable energy solutions to its customers.
