APIOIL UK LIMITED

PaymentCheck Score 2024
89Good
1.6vs last year
#1158 in UK
#78 in Energy
#541 in London

Company Information

Company Number
01784532
Registered Address
21 New Row, 4th Floor, London, England, WC2N 4LE
Status
Active
Employee Count
6
Turnover
£55,218,000
EBITDA
£360,000

Additional Details

Company Type
Private limited Company
Incorporated On
19 January 1984
Nature of Business
46711 - Wholesale of petroleum and petroleum products
Industries
Energy
Region
London

Time to Pay

Average Time to Pay
27 days
Shortest Period:5 days
Longest Period:30 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
90%
31-60 Days
4%
After 60 Days
6%
Not Paid Within Terms8%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-07-12
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2024 - 30 Jun 202412 Jul 20242790%4%6%8%
01 Jul 2023 - 31 Dec 202325 Jan 20241993%5%2%24%
01 Jul 2022 - 31 Dec 202210 Jan 20231792%5%3%22%
01 Jan 2021 - 30 Jun 202108 Jul 20212288%8%4%20%
01 Jul 2020 - 31 Dec 202018 Jan 20212287%12%2%4%
01 Jul 2019 - 31 Dec 201906 Mar 20202888%6%6%8%
01 Jan 2019 - 30 Jun 201930 Jul 20192780%13%7%33%
01 Jan 2018 - 30 Jun 201820 Jul 20182582%12%6%21%

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

The most commonly used payment terms are 14 and 30 days

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

30

Dispute Resolution Process

Any complaint or concern will be addressed by the managing director within 5 working days.

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

APIOIL UK LIMITED is an energy company based in the United Kingdom. The company is primarily engaged in the exploration, production and sale of oil and gas. They also have a strong focus on sustainability and are committed to minimizing their environmental impact.

The company offers a wide range of products and services, including crude oil, natural gas, and refined petroleum products. They also provide energy solutions for residential, commercial, and industrial customers.

APIOIL UK LIMITED has a strong sustainability program in place, which includes initiatives to reduce greenhouse gas emissions, improve energy efficiency, and promote renewable energy sources. They also prioritize responsible resource management and have implemented various measures to minimize waste and pollution.

The key people at APIOIL UK LIMITED include the CEO, who oversees the overall operations of the company, and the executive team, who are responsible for different departments such as exploration, production, and marketing. The company also has a dedicated team for sustainability initiatives.

Contact information for APIOIL UK LIMITED can be found on their website, which is www.apiouk.co.uk. Their registered office address is located at 10-12 New Fetter Lane, London, EC4A 1AZ, United Kingdom.

In conclusion, APIOIL UK LIMITED is a leading energy company in the UK with a strong focus on sustainability. They offer a variety of products and services and have a dedicated team working towards reducing their environmental impact. Their commitment to responsible resource management and renewable energy solutions makes them a valuable player in the energy industry.

Financial Metrics

Cash
£9,935,791
Net Worth
£9,804,816
Total Current Assets
£10,178,822
Total Current Liabilities
£385,617

Company Location