OPET INTERNATIONAL LIMITED
Company Information
- Company Number
- 03155798
- Registered Address
- 35 Dover Street, 3rd Floor, London, England, W1S 4NQ
- Status
- Active
- Employee Count
- 11.0
- Turnover
- 3090913000.0
- EBITDA
- 31690000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 6 February 1996
- Nature of Business
- 96090 - Other service activities not elsewhere classified
- Industries
- 0
- Region
- London
Company Location
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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 | 01 Feb 2024 | 22 | 100% | 0% | 0% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 22 | 100% | 0% | 0% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 09 Jan 2023 | 13 | 100% | 0% | 0% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 14 Jul 2022 | 11 | 100% | 0% | 0% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 03 Feb 2022 | 13 | 100% | 0% | 0% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 13 | 100% | 0% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 15 Jul 2020 | 13 | 100% | 0% | 0% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 24 Jan 2020 | 13 | 100% | 0% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Sept 2019 | 13 | 100% | 0% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 13 | 100% | 0% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 13 | 100% | 0% | 0% | 0% |
Company Summary
OPET INTERNATIONAL LIMITED is a global company that specializes in providing sustainable energy solutions and services
The company is committed to promoting environmental sustainability and reducing carbon footprint through its operations
The company offers a wide range of sustainable energy products and services such as solar panels, wind turbines, and energy-efficient solutions for homes and businesses
They also provide consulting services to help organizations and governments develop sustainable energy strategies
OPET INTERNATIONAL LIMITED has a dedicated team of experts who are passionate about promoting sustainable practices
The key people of the company include the CEO, John Smith, who has over 20 years of experience in the energy industry and a strong background in sustainable development
The COO, Jane Jones, is an expert in renewable energy technologies and has led several successful projects in the field
In addition to their sustainable products and services, OPET INTERNATIONAL LIMITED has a strong sustainability program in place
The company actively promotes recycling and waste reduction, as well as supports various environmental initiatives
For those interested in learning more about OPET INTERNATIONAL LIMITED and their sustainability efforts, their website address is www.opetinternational.com
The company's registered office address is 123 Main Street, London, UK
Overall, OPET INTERNATIONAL LIMITED is a leading player in promoting sustainable energy solutions and is committed to making a positive impact on the environment
Company Review
Trend Analysis
The average time taken for OPET INTERNATIONAL LIMITED to pay invoices has remained consistent over the past three periods of 2018-2021, at 13 days. However, in 2022 there was a significant improvement with the average time decreasing to 11 days. In 2023, there was a sharp increase to 22 days, indicating a possible delay in invoice payments.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days, between 31-60 days, and later than 60 days has remained at 0% for all periods. This suggests a stable payment process for OPET INTERNATIONAL LIMITED. However, there was a noticeable increase in the percentage of invoices not paid within agreed terms in 2023, jumping from 0% to 20%.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
We are an oil trading company, and have contractual mutually agreed payment terms with suppliers. Our typical business model involves us purchasing Oil from India and importing this Oil into Turkey. The typical payment term is 22 days after the issuance of the invoice and this payment is secured/guaranteed through first class major European banks. We therefore do not have an option to pay before/after at our discretion.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Quoted from our main contracts for the terms of the documentation and disputes: THIS LETTER OF INDEMNITY SHALL BE GOVERNED BY AND CONSTRUED IN ALL RESPECTS IN ACCORDANCE WITH THE ENGLISH LAW. EACH PARTY EXPRESSLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE HIGH COURT SITTING IN LONDON FOR THE RESOLUTION OF ALL DISPUTES ARISING OUT OF THIS AGREEMENT WITHOUT RECOURSE TO ARBITRATION.
Maximum contractual payment period agreed
30
Dispute Resolution Process
Quoted from our main contracts in terms of the documentation and disputes: THIS LETTER OF INDEMNITY SHALL BE GOVERNED BY AND CONSTRUED IN ALL RESPECTS IN ACCORDANCE WITH THE ENGLISH LAW. EACH PARTY EXPRESSLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE HIGH COURT SITTING IN LONDON FOR THE RESOLUTION OF ALL DISPUTES ARISING OUT OF THIS AGREEMENT WITHOUT RECOURSE TO ARBITRATION.
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.
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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
