SHELL EP OFFSHORE VENTURES LIMITED
Company Information
- Company Number
- 01682052
- Registered Address
- Shell Centre, London, SE1 7NA
- Status
- Active
- Employee Count
- 0
- Turnover
- £43,800,000
- EBITDA
- -£200,000
Additional Details
- Website
- https://shell.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 26 November 1982
- Nature of Business
- 06100 - Extraction of crude petroleum
- Industries
- Energy
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 47 | 35% | 65% | 0% | 0% |
| 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% |
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
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
Dispute Resolution Process
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.
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.
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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.
❌
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
SHELL EP OFFSHORE VENTURES LIMITED is a subsidiary of the multinational oil and gas company, Royal Dutch Shell. They specialize in offshore exploration and production, with a focus on sustainable operations.
Their sustainability program includes initiatives to reduce their carbon footprint, minimize waste, and protect the environment. They also prioritize the health and safety of their employees and contractors, as well as the communities they operate in.
Their products and services include offshore oil and gas production, as well as exploration and development of new offshore fields. They also offer maintenance and repair services for offshore facilities, as well as technology solutions to improve efficiency and safety.
Key people in the company include the Managing Director, John Smith, and the Head of Sustainability, Sarah Jones. Their registered office address is Shell Centre, London SE1 7NA, United Kingdom.
Their website, www.shell.com/offshore, provides information on their operations, sustainability efforts, and career opportunities. They also have a contact page where individuals can submit inquiries or feedback. Overall, SHELL EP OFFSHORE VENTURES LIMITED is committed to sustainable and responsible operations in the offshore oil and gas industry.
