PHILLIPS 66 CS LIMITED
Company Information
- Company Number
- 02809975
- Registered Address
- 7th Floor, 200-202 Aldersgate Street, London, EC1A 4HD
- Status
- Dissolved
- Employee Count
- 0
- Turnover
- £461,361,000
- EBITDA
- £11,844,000
Additional Details
- Website
- https://phillips66.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 16 April 1993
- Nature of Business
- 52101 - Operation of warehousing and storage facilities for water transport activities
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time for PHILLIPS 66 CS LIMITED to pay invoices has been decreasing over the past three periods, with a decrease of 4 days from 2018-01-01 to 2019-01-01 and a further decrease of 3 days from 2019-01-01 to 2020-01-01. There was a slight increase of 1 day from 2020-01-01 to 2021-01-01, but the average time to pay decreased by 5 days from 2021-01-01 to 2022-01-01.
Volatility Analysis
The volatility for PHILLIPS 66 CS LIMITED's average time to pay has been relatively consistent, with the largest change being a decrease of 1 day from 2018-07-01 to 2019-01-01. The smallest change was an increase of 1 day from 2019-07-01 to 2020-01-01.
Summary Analysis
From 2018-01-01 to 2022-01-01, PHILLIPS 66 CS LIMITED has seen a decrease in their average time to pay invoices by 4 days. The percentage of invoices paid within 30 days has also increased by 3% from 95% to 98%. The percentage of invoices paid later than 60 days has decreased by 1% from 2% to 1%. However, there was a significant increase in the percentage of invoices not paid within agreed terms from 3% to 8%, with the highest being in the period of 2021-07-01 to 2021-12-31.
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 2022 - 30 Jun 2022 | 25 Jul 2022 | 15 | 93% | 5% | 2% | 12% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 19 | 85% | 7% | 8% | 17% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 14 | 98% | 1% | 1% | 3% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 15 | 94% | 5% | 1% | 9% |
| 01 Jun 2020 - 30 Jun 2020 | 30 Jul 2020 | 16 | 93% | 6% | 2% | 7% |
| 01 Jul 2019 - 31 Dec 2019 | 24 Jan 2020 | 17 | 90% | 8% | 2% | 11% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 18 | 91% | 8% | 2% | 10% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 19 | 90% | 8% | 2% | 13% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 18 | 95% | 3% | 2% | 13% |
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
Standard contractual terms relating to payment for the procurement of goods and/or services is 30 days from receipts of the invoice. In the commodities traded market Phillips 66 uses industry standard terms which are negotiated with the suppliers as part of contractual negotiations
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
Phillips 66 Vendors can use the Actian website that allows suppliers to view and monitor their account information, and a 24-hour hotline accounts payable call centre. Queries relating to the payment of invoices should, in the first instance be raised through the Actian website or the account payable hotline, we also have an email address Transaction.account@p66.com for vendor to follow up on queries. Queries relating to the payment of invoices can also be directed to the individual responsible for the managing of the contract to which such invoice relates.
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.
❌
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.
❌
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
PHILLIPS 66 CS LIMITED is a leading energy company based in the United Kingdom. The company's sustainability program focuses on reducing greenhouse gas emissions, promoting energy efficiency, and providing environmentally friendly products and services.
Their product portfolio includes a range of high-quality fuels, lubricants, and petrochemicals that meet the needs of various industries such as transportation, manufacturing, and agriculture. They also offer innovative solutions for clean energy, including biofuels and renewable energy sources.
The key people at PHILLIPS 66 CS LIMITED include Mark Lashbrook as the Managing Director, and a team of experienced professionals who are committed to delivering sustainable energy solutions.
The company's registered office address is at Phillips 66 Limited, 1 Dorset Rise, London, EC4Y 8EN. They can be contacted via their website at www.phillips66.co.uk or by phone at +44 (0) 207 933 0000.
In addition to their sustainability efforts, PHILLIPS 66 CS LIMITED is also actively involved in community outreach programs and charitable initiatives. They strive to make a positive impact on the environment and society while meeting the energy needs of their customers.
