ROCKROSE UKCS4 LIMITED
Company Information
- Company Number
- 02552901
- Registered Address
- 5th Floor Viaro House, 20-23 Holborn, London, England, EC1N 2JD
- Status
- Active
- Employee Count
- 20
- Turnover
- £208,184,000
- EBITDA
- £17,372,000
Additional Details
- Website
- https://summitpetroleum.com
- Company Type
- Private limited Company
- Incorporated On
- 29 October 1990
- 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 2020 - 30 Jun 2020 | 30 Jul 2020 | 27 | 90% | 4% | 6% | 13% |
| 01 Jul 2019 - 31 Dec 2019 | 07 Feb 2020 | 21 | 87% | 10% | 3% | 9% |
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 Company standard payment terms are 30 days from receipt of an invoice which is fully compliant with both the contract and Rockrose’s invoicing instructions. These instructions clearly set out email invoice receipt instructions, together with information to be provided on or with the invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
The Company is committed to dealing with its suppliers in a fair, honest and professional manner. We seek to resolve queries as quickly as possible to everyone’s satisfaction prior to payment being made. In the event of a dispute, discussions take place between the vendor and the accounts department to agree the charges to be invoiced.
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
Company Summary
ROCKROSE UKCS4 LIMITED is a UK-based oil and gas company that operates in the UK Continental Shelf. The company was established in 2016 and is a subsidiary of ROCKROSE ENERGY PLC. Their registered office address is 2nd Floor, 10 Finsbury Square, London, EC2A 1AF.
The main activities of ROCKROSE UKCS4 LIMITED include exploration, development, and production of oil and gas reserves in the UK North Sea. They have a strong focus on sustainability and have implemented various measures to minimize their environmental impact. This includes reducing their carbon footprint, implementing efficient waste management practices, and promoting biodiversity in their operations.
Their sustainability program also extends to the communities where they operate, with a focus on supporting local businesses and investing in education and training programs for the local workforce.
ROCKROSE UKCS4 LIMITED offers a range of products and services related to the oil and gas industry. This includes exploration and production of oil and gas reserves, as well as providing support services such as drilling, well maintenance, and production optimization.
The company is led by a team of experienced and knowledgeable professionals, including CEO Andrew Austin and CFO Fiona MacAulay. They are committed to driving the company towards sustainable growth and success.
For more information on ROCKROSE UKCS4 LIMITED and their products and services, you can visit their website at www.rockroseenergy.com. Their registered office address is also provided on their website for any inquiries or correspondence.
