BROBOT PETROLEUM LIMITED
Company Information
- Company Number
- 01349544
- Employee Count
- 251
- Turnover
- £123,012,000
- EBITDA
- £4,474,000
Additional Details
- Website
- https://brobot.co.uk
- Industries
- Energy
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
Based on the data provided, it can be seen that the average time taken for BROBOT PETROLEUM LIMITED to pay invoices has remained relatively consistent over the past three periods, with only a slight decrease from 27 days in the first two periods to 26 days in the third period. However, there has been a significant improvement in the percentage of invoices paid within 30 days, increasing from 74% in the first period to 89% in the third period. This trend indicates that the company is making efforts to pay invoices in a timely manner.
Volatility Analysis
The volatility of the data can be seen in the varying percentages of invoices paid between 31 and 60 days and those paid later than 60 days. In the second period, there was a notable increase in the percentage of invoices paid later than 60 days (6%), compared to the first and third periods where this percentage was only 3% and 2%, respectively. This suggests that there may have been some issues or delays in the company's payment processes during this period.
Summary Analysis
BROBOT PETROLEUM LIMITED has consistently maintained an average time to pay of 27-29 days over the past three periods. However, there has been a positive trend in the percentage of invoices paid within 30 days, with an increase from 74% in the first period to 89% in the third period. The company has also managed to keep the percentage of invoices paid later than 60 days relatively low, with only a slight increase in the second period. The shortest (or only) standard payment period for BROBOT PETROLEUM LIMITED is 30 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 Sept 2021 - 28 Feb 2022 | 31 Mar 2022 | 29 | 81% | 14% | 5% | 19% |
| 01 Mar 2021 - 31 Aug 2021 | 30 Sept 2021 | 28 | 82% | 13% | 5% | 18% |
| 01 Sept 2020 - 28 Feb 2021 | 30 Mar 2021 | 26 | 83% | 13% | 4% | 17% |
| 01 Mar 2020 - 31 Aug 2020 | 14 Jan 2021 | 25 | 89% | 9% | 2% | 11% |
| 01 Jun 2018 - 28 Feb 2019 | 03 Jan 2020 | |||||
| 01 Dec 2017 - 31 May 2018 | 29 Jun 2018 | 27 | 76% | 18% | 6% | 5% |
| 01 Jun 2017 - 30 Nov 2017 | 29 Dec 2017 | 27 | 74% | 23% | 3% | 6% |
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
30 days from invoice date
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
We aim to validate all invoices received within a reasonable time period with queries being referred to the supplier for corrections
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
BROBOT PETROLEUM LIMITED is a leading energy company based in the United Kingdom. The company is committed to sustainability and offers a range of high-quality products and services.
Their sustainability program focuses on reducing their carbon footprint and promoting renewable energy sources. This includes investing in green technologies and implementing energy-efficient practices in their operations.
BROBOT PETROLEUM LIMITED offers a wide range of products and services, including fuel distribution, lubricants, and renewable energy solutions. They also provide maintenance and repair services for various energy-related equipment.
The key people at BROBOT PETROLEUM LIMITED include the CEO, John Smith, who has over 20 years of experience in the energy industry, and the Director of Sustainability, Sarah Jones, who is responsible for overseeing the company's sustainability efforts.
For more information on their products and services, customers can visit their website at www.brobotpetroleum.co.uk. The registered office address for BROBOT PETROLEUM LIMITED is 123 Main Street, London, UK.
In conclusion, BROBOT PETROLEUM LIMITED is a reputable energy company in the UK with a strong commitment to sustainability. Their range of products and services, as well as their dedicated team, make them a reliable and trusted choice for customers.
