| 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 2018 - 31 Dec 2018 | 29 Jan 2019 | 12 | 95% | 5% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 26 | 87% | 7% | 6% | 100% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Majority requirement within 30 days which are paid by direct debit within that 30 day period.
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
31
If there are any disputes with suppliers, the matter will be brought to the attention of the director who will make a decision within the week whether to query the invoice with the supplier or whether to escalate the issue to the Headquarters office of the parent company.
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.
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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
COSMO OIL (U.K.) LIMITED is a subsidiary of COSMO ENERGY HOLDINGS CO., LTD., a leading Japanese energy company. The company is primarily engaged in the import, storage, and distribution of petroleum and related products in the United Kingdom.
The company's sustainability program is focused on reducing its carbon footprint and promoting environmental conservation. They have implemented various initiatives such as investing in renewable energy sources, reducing energy consumption in their operations, and promoting recycling and waste reduction. They also prioritize safety and health in all their operations and strive to create a safe working environment for their employees.
COSMO OIL (U.K.) LIMITED offers a wide range of petroleum and related products including gasoline, diesel, and aviation fuel. They also provide storage and logistics services for their customers. The company is committed to providing high-quality products and services while adhering to strict environmental and safety standards.
The key people at COSMO OIL (U.K.) LIMITED include Mr. Takashi Nishiyama, the Managing Director, and Mr. Kenichi Suzuki, the Executive Director. They lead a team of experienced professionals who are dedicated to delivering top-notch services to their customers.
For any inquiries, customers can contact the company through their website, www.cosmo-oil.co.uk, or visit their registered office address at 3rd Floor, 40 Gracechurch Street, London, EC3V 0BT. COSMO OIL (U.K.) LIMITED is committed to providing sustainable energy solutions while prioritizing safety, health, and environmental conservation.