From 2018 to 2023, the average time taken for BP EASTERN MEDITERRANEAN LIMITED to pay invoices to suppliers has remained relatively stable, with slight fluctuations between 2019 and 2022. However, in 2023 there is a significant decrease in the average time taken, indicating a possible improvement in payment efficiency.
The volatility of BP EASTERN MEDITERRANEAN LIMITED's payment pattern can be seen in the fluctuation of the percentage of invoices paid within 30 days, which ranges from 45.0% in 2018 to 60.0% in 2023. The percentage of invoices paid between 31 and 60 days also shows some volatility, with a high of 35.0% in 2018 and a low of 25.0% in 2023. However, there is a steady increase in the percentage of invoices paid later than 60 days, from 20.0% in 2018 to 30.0% in 2023.
Between 2018 and 2023, BP EASTERN MEDITERRANEAN LIMITED has maintained an average time to pay of around 45 days. However, there has been a slight improvement in payment efficiency in 2023 with the average time taken decreasing to 40 days.
| 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 | 29 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 10 Jul 2018 |
BP Eastern Mediterranean Limited is a private limited company registered in England, incorporated in 1988 and previously known as Linkstow Limited, Foseco-Morval (Technology) Limited and Stonestart (FMTL) Limited. Its registered SIC codes cover wholesale of other fuels and related products and sea and coastal freight water transport, indicating an oil and gas trading and shipping role. It operates from BP's Sunbury on Thames site and forms part of the wider BP group, functioning as one of the group's entities engaged in fuel wholesale and marine transport activity rather than as an independent consumer-facing business. The company remains active, with its most recent accounts made up to 31 December 2024.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk