UNIPEC UK CO LIMITED
Company Information
- Company Number
- 03138679
- Registered Address
- 13-15 Moorgate, London, England, EC2R 6AD
- Status
- Active
- Employee Count
- 90.0
- Turnover
- 45152000000.0
- EBITDA
- 264000000.0
Additional Details
- Website
- https://english.sinopec.com
- Company Type
- Private limited Company
- Incorporated On
- 12 December 1995
- Nature of Business
- 46711 - Wholesale of petroleum and petroleum products
- Industries
- Property,Infrastructure And Construction,Supply Chain,Manufacturing And Commerce Models
- Region
- London
Company Location
Loading map...
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 31 Dec 2023 | 05 Feb 2024 | 21 | 82% | 15% | 3% | 14% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Oct 2023 | 25 | 74% | 19% | 6% | 10% |
| 01 Jul 2022 - 31 Dec 2022 | 28 Feb 2023 | 25 | 75% | 20% | 5% | 15% |
| 01 Jan 2022 - 30 Jun 2022 | 31 Jul 2022 | 27 | 82% | 12% | 6% | 14% |
| 01 Jul 2021 - 31 Dec 2021 | 01 Feb 2022 | 19 | 87% | 9% | 4% | 12% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 19 | 88% | 9% | 3% | 8% |
| 01 Jul 2020 - 31 Dec 2020 | 02 Mar 2021 | 33 | 80% | 10% | 10% | 9% |
| 01 Jan 2020 - 30 Jun 2020 | 04 Nov 2020 | 28 | 85% | 7% | 8% | 8% |
| 01 Jul 2019 - 31 Dec 2019 | 24 Apr 2020 | 22 | 84% | 3% | 13% | 28% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 24 | 87% | 8% | 5% | 30% |
| 01 Jul 2018 - 31 Dec 2018 | 04 Feb 2019 | 18 | 92% | 5% | 3% | 17% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 20 | 88% | 7% | 5% | 11% |
Company Summary
UNIPEC U.K
CO
LIMITED is a leading energy trading company based in the United Kingdom
They specialize in the trading and distribution of oil and gas products globally
The company is committed to sustainability and has implemented various measures to reduce their environmental impact
Under their sustainability program, UNIPEC U.K
CO
LIMITED has set targets to reduce their carbon emissions and increase the use of renewable energy sources
They also have a strict waste management policy to ensure proper disposal and recycling of materials
Additionally, the company promotes energy efficiency and conservation practices among its employees and partners
Their products and services include the trading of crude oil, refined oil products, natural gas, and other energy commodities
UNIPEC U.K
CO
LIMITED also provides risk management and financial services to their clients in the energy sector
The key people at UNIPEC U.K
CO
LIMITED include the CEO, who leads the company's strategic direction, and the management team, which oversees the day-to-day operations
The company also has a team of experienced traders who are responsible for executing trades and managing risk
For more information on UNIPEC U.K
CO
LIMITED and their sustainability efforts, interested parties can visit their website at www.unipec.co.uk
The company's registered office address is located at 1 King William Street, London, EC4N 7AF, United Kingdom
Company Review
Trend Analysis
The trend for UNIPEC U.K. CO. LIMITED's average time to pay invoices has been fluctuating, with a general increase over the past three periods. However, there was a significant decrease in 2021, followed by an increase in 2022. Overall, the trend shows the company taking longer to pay invoices over time.
Volatility Analysis
The volatility in UNIPEC U.K. CO. LIMITED's average time to pay invoices has been moderate, with fluctuations ranging from 2 to 7 days. The most volatile period was in 2021, with a change of 14 days compared to the previous period. However, the volatility has been relatively consistent over the past three periods.
Summary Analysis
Looking at the data for UNIPEC U.K. CO. LIMITED, there has been a general trend of an increase in the average time to pay invoices. The company's best period was in 2018, with an average time of 18 days to pay invoices. However, there has been a gradual increase since then, with the worst period being in 2020, where the average time to pay was 33 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
PAY ON SUPPLIERS TERMS
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
3
Dispute Resolution Process
DISCUSSTION AND USE OF LEGALLY BINDING CONTRACT
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.
❌
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
