ITHACA OIL AND GAS LIMITED
Company Information
- Company Number
- 01546623
- Registered Address
- C/O Pinsent Masons Llp, 1 Park Row, Leeds, United Kingdom, LS1 5AB
- Status
- Active
- Employee Count
- 0
- Turnover
- £37,716,000
- EBITDA
- £7,386,000
Additional Details
- Website
- https://chevron.com
- Company Type
- Private limited Company
- Incorporated On
- 20 February 1981
- Nature of Business
- 06100 - Extraction of crude petroleum
- Industries
- Property,Infrastructure And Construction,Supply Chain,Manufacturing And Commerce Models
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for ITHACA OIL AND GAS LIMITED to pay invoices has been increasing over the past three periods, with an average of 26 days in 2018, 28.5 days in 2019, and 36.5 days in 2020.
Volatility Analysis
The volatility of ITHACA OIL AND GAS LIMITED's invoice payment time has also been increasing, with a difference of 1 day between the first two periods and a difference of 5 days between the last two periods.
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 2020 - 31 Dec 2020 | 12 May 2021 | 37 | 65% | 27% | 8% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 36 | 71% | 23% | 6% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 31 | 81% | 16% | 3% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 30 | 84% | 13% | 3% | 1% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 25 | 88% | 10% | 2% | 1% |
| 01 Jan 2018 - 30 Jun 2018 | 13 Jul 2018 | 26 | 92% | 6% | 2% | 1% |
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 terms are either 30 days or 60 days from receipt of correctly prepared and adequately supported invoice depending on the form of contract entered into with the Supplier
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 company has an email address for vendors to submit invoice and payment queries. A system-generated remittance advice is issued directly to the vendor as part of the payment process. Any disputes will be escalated to the relevant person for resolution.
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
ITHACA OIL AND GAS LIMITED is a British company that specializes in the exploration, production and distribution of oil and gas. They are committed to sustainability and have implemented various initiatives to reduce their environmental impact.
Their sustainability program includes investing in renewable energy sources, implementing efficient production processes, and reducing greenhouse gas emissions. They also prioritize safety in their operations, both for their employees and the communities they operate in.
In terms of products and services, ITHACA OIL AND GAS LIMITED offers a range of oil and gas products to various industries, including transportation, manufacturing, and power generation. They also provide tailored solutions for their clients' specific needs.
The key people of ITHACA OIL AND GAS LIMITED include their CEO, who has extensive experience in the energy industry, and their executive team, who bring a wealth of knowledge and expertise to the company.
For any inquiries or information, ITHACA OIL AND GAS LIMITED can be contacted through their website, which also contains their registered office address. Their website also features updates on their sustainability efforts and news about the company's operations.
In conclusion, ITHACA OIL AND GAS LIMITED is a leading company in the oil and gas industry in the UK, with a strong commitment to sustainability and providing high-quality products and services to their clients.
