NEO ENERGY (UKCS) LIMITED
Company Information
- Company Number
- 02669936
- Registered Address
- 30 St. Mary Axe, London, United Kingdom, EC3A 8BF
- Status
- Active
- Employee Count
- 0
- Turnover
- £195,986,000
- EBITDA
- £79,787,000
Additional Details
- Website
- https://cieco.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 10 December 1991
- Nature of Business
- 06100 - Extraction of crude petroleum
- Industries
- Property,Infrastructure And Construction
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2021 - 31 Dec 2021 | 28 Jan 2022 | 8 | 100% | 0% | 0% | 3% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 10 | 100% | 0% | 0% | 5% |
| 01 Jul 2020 - 31 Dec 2020 | 25 May 2021 | 13 | 88% | 12% | 0% | 15% |
| 01 Jan 2020 - 30 Jun 2020 | 25 May 2021 | 14 | 90% | 10% | 0% | 29% |
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
Our standard payment terms are 30 days from the receipt of a valid invoice to our accounts payable email inbox. Or through our Ariba portal for PO related invoices.
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
NEO Energy seeks to advise suppliers promptly of any disputes or reasons why an invoice will not be paid in accordance with the agreed terms. Once resolved, payment is made in accordance with the terms of the contract/PO. NEO Energy provides a centralised point of contact for suppliers' enquiries via its dedicated email Inbox where the team supports any questions related to, but not limited to, payment due dates, incorrect invoice submission, wrong or missing PO detail etc.
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.
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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
NEO ENERGY (UKCS) LIMITED is an independent oil and gas company operating in the United Kingdom Continental Shelf (UKCS). The company is committed to sustainable energy practices and has a strong focus on reducing their environmental impact.
The company's sustainability program includes initiatives such as investing in renewable energy projects, reducing carbon emissions, and implementing efficient waste management systems. They also prioritize the safety and well-being of their employees and contractors, as well as the communities in which they operate.
NEO ENERGY offers a range of products and services in the oil and gas sector, including exploration, development, and production of hydrocarbons. They have a diverse portfolio of assets in the North Sea, with a focus on maximizing the potential of existing fields and discovering new resources.
The key people at NEO ENERGY include their CEO, CFO, and a team of experienced professionals with extensive knowledge and expertise in the energy industry. Their leadership is dedicated to driving the company's growth while maintaining a responsible and sustainable approach.
For more information on NEO ENERGY and their services, interested parties can visit their website at www.neo-energy.com. The company's registered office address is 1st Floor, 31 Hill Street, London, W1J 5LS, United Kingdom. Overall, NEO ENERGY is a leading player in the UKCS energy sector, committed to delivering sustainable and responsible energy solutions.
