Industry ranking
| 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 2021 - 30 Jun 2021 | 27 Jul 2021 | 47 | 35% | 65% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 36 | 50% | 46% | 4% | 12% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 40 | 46% | 36% | 18% | 18% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Feb 2020 | 40 | 46% | 36% | 18% | 18% |
| 01 Jan 2019 - 30 Jun 2019 | 28 Jul 2019 | 36 | 52% | 43% | 5% | 10% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 37 | 50% | 44% | 6% | 6% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 44 | 33% | 59% | 7% | 19% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Shell standard terms are 60 days from receipt of a correctly presented invoice. For suppliers confirmed as SMEs 30-day payment terms are available. Invoice receipt is defined as a complete, fiscally correct invoice delivered at the remittance address specified in the contract / agreement / purchase order. For electronic invoices, invoice receipt is when the invoice data is received within the Shell system.
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
A centralised point of contact for suppliers’ enquiries is in place via Shell Accounts Payable Helpdesk. This team supports with questions related to but not limited to; payment due dates, incorrect invoice submission, wrong or missing PO details etc. Shell seeks to advise suppliers promptly of any disputes or reasons why an invoice will not be paid in accordance with the agreed terms. Invoices that are subject to dispute will not be paid until resolution of the dispute. Once resolved, payment will be made in accordance with the terms of the contract.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Shell EP Offshore Ventures Limited is a UK-registered company within the Shell group, incorporated in 1982. Its recorded business activity is the extraction of crude petroleum, indicating a role in offshore oil and gas exploration and production ventures rather than public-facing retail operations. The wider Shell group, of which this entity forms part, operates extensively across oil and gas exploration, production and energy transition activities, including North Sea gas fields and low-carbon energy projects. This particular company appears to function as a specific vehicle for offshore exploration and production interests rather than as a trading or customer-facing business, with its registered office located at Shell's central London premises.
Generated from the company's website and Companies House records.