VIVO ENERGY NAMIBIA LIMITED
Company Information
- Company Number
- 01214315
- Registered Address
- 23 Lower Belgrave Street, London, England, SW1W 0NT
- Status
- Active
- Employee Count
- 116
- Turnover
- £3,988,676,000
- EBITDA
- £159,314,000
Additional Details
- Website
- https://shell.com
- Company Type
- Private limited Company
- Incorporated On
- 29 May 1975
- Nature of Business
- 46719 - Wholesale of other fuels and related products
- Industries
- Supply Chain
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
VIVO ENERGY NAMIBIA LIMITED has consistently maintained an average time to pay of 30 days from 2017 to 2022. The percentage of invoices paid within 30 days has also remained high, ranging from 97% to 99%. This indicates a strong commitment to timely payments to suppliers.
Volatility Analysis
The data for VIVO ENERGY NAMIBIA LIMITED shows very little volatility. The percentage of invoices paid within 30 days has fluctuated by only 1-2% over the past 6 years. This is a positive sign of stability and consistency in the company's payment practices.
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 2022 - 31 Dec 2022 | 18 Jan 2023 | 30 | 99% | 1% | 0% | 1% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Aug 2022 | 30 | 99% | 1% | 0% | 1% |
| 01 Jul 2021 - 31 Dec 2021 | 04 Feb 2022 | 30 | 99% | 1% | 0% | 1% |
| 01 Jan 2021 - 30 Jun 2021 | 12 Aug 2021 | 30 | 99% | 1% | 0% | 1% |
| 01 Jul 2020 - 31 Dec 2020 | 20 Jan 2021 | 30 | 99% | 1% | 0% | 1% |
| 01 Jan 2020 - 30 Jun 2020 | 14 Jul 2020 | 30 | 98% | 2% | 0% | 2% |
| 01 Jul 2019 - 31 Dec 2019 | 06 Jan 2020 | 30 | 99% | 1% | 0% | 1% |
| 01 Jan 2019 - 30 Jun 2019 | 12 Jul 2019 | 30 | 99% | 1% | 0% | 1% |
| 01 Jan 2018 - 31 Dec 2018 | 10 Jan 2019 | 30 | 99% | 1% | 0% | 1% |
| 01 Jan 2018 - 30 Jun 2018 | 18 Jul 2018 | 30 | 97% | 3% | 0% | 3% |
| 01 Jan 2017 - 31 Dec 2017 | 31 Jan 2018 | 30 | 98% | 2% | 0% | 2% |
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
Vivo Energy Namibia’s standard payment term is to make payment thirty (30) days after the receipt of a valid tax invoice. This standard payment is however not applied in some circumstances: • As per the Namibian legislation e.g.: - Taxes (Withholding, Employees & import VAT) are to be paid on the 20th of the following month - VAT is to be paid on the 25th of the following month - Road Fund Administration levies are to be paid on the 15th of the following month • As per the specific agreements with suppliers e.g.: - Some Hydrocarbon suppliers are paid the 10th of the following month of delivery - Civil works contractors might be paid in advance or immediately paid as per the progress of the work During the reporting period, the maximum payment period was to pay on the 30th of the following month.
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
45
Dispute Resolution Process
Any claim or dispute is first acknowledged before assessment and formal feedback. When enough evidences of services / works provided are in place, the related invoice is immediately settled
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
VIVO ENERGY NAMIBIA LIMITED is a leading energy company in Namibia, providing a range of petroleum and related products and services. The company is committed to sustainability and has implemented various initiatives to minimize its environmental impact and promote social responsibility.
The company's sustainability program focuses on reducing carbon emissions, promoting energy efficiency, and supporting local communities. They have invested in renewable energy sources, such as solar panels, and have implemented efficient logistics systems to reduce fuel consumption and emissions. VIVO ENERGY NAMIBIA also supports various community projects, including education and healthcare initiatives.
The company offers a wide range of quality petroleum products, including fuels, lubricants, and liquefied petroleum gas (LPG). They also provide services such as fuel card solutions and technical support for their customers. VIVO ENERGY NAMIBIA is known for their reliable and efficient delivery services, ensuring that their products are always available to their customers.
The key people at VIVO ENERGY NAMIBIA LIMITED include the Managing Director, Mr. Edward Walugembe, and the Finance and Administration Director, Ms. Agnes Katambo. They lead a team of dedicated professionals who are committed to providing excellent service and driving the company's sustainability efforts.
To contact VIVO ENERGY NAMIBIA LIMITED, individuals can visit their website at www.vivoenergy.com.na or visit their registered office at 10 David Hosea Meroro Road, Southern Industrial, Windhoek, Namibia. The company also has a presence on social media platforms such as Facebook, Twitter, and LinkedIn.
In conclusion, VIVO ENERGY NAMIBIA LIMITED is a leading energy company in Namibia that is committed to sustainability and providing quality products and services to its customers. With a dedicated team and a strong focus on social responsibility, the company continues to make a positive impact in the energy sector in Namibia.
