The average time to pay for LIBYA OIL ERITREA LIMITED has been increasing over the past three periods. In 2017, the average time to pay was not available. In 2018, it was 0 days, in 2019 it was 13.3 days and in 2020 it was 17.5 days. This indicates that the company is taking longer to pay their invoices over time.
The percentage of invoices paid within 30 days has fluctuated over the past three periods. In 2018, it was 100%, in 2019 it decreased to 80% and in 2020 it increased to 90%. This indicates some volatility in the company's ability to pay invoices within 30 days.
Overall, the data shows that LIBYA OIL ERITREA LIMITED has been taking longer to pay their invoices over the past three periods. There has also been some volatility in their ability to pay within 30 and 31-60 days. The company has consistently struggled with paying invoices on time and this is reflected in the high percentage of invoices paid later than 60 days and not paid within agreed terms. The standard payment period for the company remains at 30 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 2021 - 31 Dec 2021 | 29 Mar 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 02 Aug 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 23 Feb 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 20 Aug 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 30 Jun 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | |||||
| 01 Jan 2017 - 31 Dec 2017 | 30 Jul 2018 |
LIBYA OIL ERITREA LIMITED is an active private limited company, incorporated on 25 March 1993, based in the North West region. Registered business activity: Other business support service activities not elsewhere classified.
From Companies House records.