EQUINOR UK LIMITED
Company Information
- Company Number
- 01285743
- Registered Address
- 1 Kingdom Street, London, W2 6BD
- Status
- Active
- Employee Count
- 577
- Turnover
- £1,175,045,000
- EBITDA
- £498,742,000
Additional Details
- Website
- https://statoil.com/
- Company Type
- Private limited Company
- Incorporated On
- 10 November 1976
- Nature of Business
- 06200 - Extraction of natural gas
- Industries
- Energy
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
EQUINOR UK LIMITED has consistently maintained a low average time to pay invoices, with a slight increase in the first half of 2021. The percentage of invoices paid within 30 days has also remained high, with a peak of 90% in the first half of 2021. However, there has been a slight increase in the percentage of invoices paid later than 60 days in the same period.
Volatility Analysis
The average time to pay invoices has remained relatively stable for EQUINOR UK LIMITED, with a slight increase in the first half of 2021. The percentage of invoices paid within 30 days has also remained consistent, with a peak of 90% in the first half of 2021. However, there has been some fluctuation in the percentage of invoices paid between 31 and 60 days and the percentage of invoices paid later than 60 days.
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 2021 - 31 Dec 2021 | 06 Jun 2022 | 30 | 89% | 9% | 3% | 12% |
| 01 Jan 2021 - 30 Jun 2021 | 06 Jun 2022 | 29 | 90% | 8% | 2% | 10% |
| 01 Jan 2020 - 30 Jun 2020 | 22 Oct 2020 | 20 | 83% | 10% | 7% | 24% |
| 01 Jul 2019 - 31 Dec 2019 | 10 Feb 2020 | 21 | 82% | 12% | 6% | 25% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 23 | 81% | 13% | 6% | 29% |
| 01 Jul 2018 - 31 Dec 2018 | 21 Feb 2019 | 21 | 82% | 13% | 6% | 30% |
| 01 Jan 2018 - 30 Jun 2018 | 21 Feb 2019 | 19 | 86% | 9% | 5% | 27% |
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 30 days from receipt
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
30
Dispute Resolution Process
The company notifies suppliers in the event of any invoice disputes and endeavours to resolve disputes by agreement between parties with payment made as appropriate once resolved. In exceptional circumstances, payment would be resolved via recourse to arbitration or legal process. The company employs a dedicated finance team who are available for any invoice queries.
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
EQUINOR UK LIMITED is a leading energy company that operates in the United Kingdom. The company is committed to sustainability and has a strong focus on reducing carbon emissions and developing renewable energy sources.
Their sustainability program includes initiatives such as carbon capture and storage, energy efficiency projects, and investing in renewable energy technologies. They also work closely with local communities to promote environmental conservation and support social projects.
EQUINOR UK LIMITED offers a range of products and services, including oil and gas exploration and production, renewable energy development, and energy trading. They also provide consulting services to help businesses and communities reduce their carbon footprint.
The key people at EQUINOR UK LIMITED include Al Cook, the Executive Vice President for Development and Production International, and Hedda Felin, the Senior Vice President for UK and Ireland. Both have extensive experience in the energy industry and are committed to driving sustainable practices within the company.
For more information, the company's website address is www.equinor.com/uk, where customers can find details about their products and services, sustainability initiatives, and career opportunities. The registered office address is 1 Kingdom Street, Paddington, London, W2 6BD. Customers can also contact the company by phone at 020 7932 0200 or by email at ukinfo@equinor.com. EQUINOR UK LIMITED is dedicated to providing sustainable and responsible energy solutions to its customers and communities while driving positive change in the industry.
