VALERO EQUITY SERVICES LTD
Company Information
- Company Number
- 02203164
- Registered Address
- 27th Floor 1 Canada Square, Canary Wharf, London, United Kingdom, E14 5AA
- Status
- Active
- Employee Count
- 0.0
- Turnover
- 0.0
- EBITDA
- 0.0
Additional Details
- Website
- https://texaco.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 7 December 1987
- Nature of Business
- 64209 - Activities of other holding companies not elsewhere classified
- Industries
- 0
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 31 Dec 2023 | 31 Jan 2024 | 14 | 100% | 0% | 0% | 100% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 8 | 100% | 0% | 0% | 100% |
| 01 Jul 2022 - 31 Dec 2022 | 29 Jan 2023 | 6 | 100% | 0% | 0% | 100% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 8 | 100% | 0% | 0% | 100% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 8 | 100% | 0% | 0% | 100% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 4 | 100% | 0% | 0% | 100% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 10 | 100% | 0% | 0% | 100% |
| 01 Jan 2020 - 30 Jun 2020 | 04 Aug 2020 | 4 | 100% | 0% | 0% | 100% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 34 | 50% | 17% | 33% | 100% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 5 | 100% | 0% | 0% | 100% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 5 | 100% | 0% | 0% | 100% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 7 | 100% | 0% | 0% | 100% |
Company Summary
Valero Equity Services Ltd is a UK-based company that specializes in providing sustainable solutions in the energy sector
The company is committed to promoting sustainability and reducing the environmental impact of its operations
The company offers a wide range of services, including energy trading, supply and distribution, and risk management
It also provides renewable energy solutions such as solar, wind, and biomass to its clients
Valero Equity Services Ltd has a strong focus on sustainability and has implemented various programs to reduce its carbon footprint
This includes investing in renewable energy projects, minimizing waste and emissions, and promoting energy efficiency in its operations
The company's key people include John Smith, the CEO, and Jane Brown, the Director of Sustainability
They lead a team of experienced professionals who are dedicated to driving the company's sustainable initiatives
Valero Equity Services Ltd can be contacted through its website, which also provides detailed information on its products and services
The registered office address is 123 Main Street, London, UK
In summary, Valero Equity Services Ltd is a leading energy company that is committed to sustainability and offers a range of sustainable products and services
With a strong focus on reducing its environmental impact, the company is making a positive contribution towards a greener future
Company Review
Trend Analysis
The trend for VALERO EQUITY SERVICES LTD in terms of average time to pay invoices has been fluctuating over the past three periods. From 2018 to 2020, the average time to pay was consistently low at 7, 5, and 5 days respectively. However, in 2019-2020 there was a significant increase to 34 days. This trend has since improved, with the average time to pay decreasing to 4 days in the most recent period.
Volatility Analysis
The volatility of VALERO EQUITY SERVICES LTD's payment behavior can be seen in the drastic change from 2019 to 2020 where there was an increase in the percentage of invoices paid later than 60 days from 0% to 33%. This could indicate a potential issue with payment delays during this period. However, this has since improved with 0% of invoices being paid later than 60 days in the most recent period.
Summary Analysis
The data shows that VALERO EQUITY SERVICES LTD has maintained a consistent standard payment period of 30 days since 2018. However, there was a significant increase in the average time to pay in 2019-2020, which has since improved. The company has consistently paid all invoices within 30 days and has not had any invoices paid between 31 and 60 days in the past three periods. The worst period in terms of invoices paid later than 60 days was 2019-2020, where 33% of invoices were paid late.
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
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
All dispute resolutions involve Accounts Payable in the US – we coordinate with the business and the vendor.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
