E F OIL AND GAS LIMITED
Company Information
- Company Number
- 03430228
- Registered Address
- 19th Floor 10 Upper Bank Street, Canary Wharf, London, England, E14 5BF
- Status
- Active
- Employee Count
- 0.0
- Turnover
- 518571000.0
- EBITDA
- 487515000.0
Additional Details
- Website
- https://totalgp.com
- Company Type
- Private limited Company
- Incorporated On
- 5 September 1997
- Nature of Business
- 06100 - Extraction of crude petroleum
- Industries
- Property,Infrastructure And Construction
- Region
- London
Company Location
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 | 32 | 88% | 8% | 4% | 12% |
| 01 Jan 2023 - 30 Jun 2023 | 17 Aug 2023 | 32 | 87% | 11% | 2% | 13% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 33 | 82% | 15% | 3% | 18% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 31 | 91% | 8% | 1% | 9% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 31 | 92% | 7% | 1% | 8% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 33 | 81% | 17% | 2% | 19% |
| 01 Jul 2020 - 31 Dec 2020 | 08 Feb 2021 | 34 | 85% | 12% | 3% | 15% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 32 | 74% | 23% | 3% | 26% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jul 2020 | 35 | 53% | 40% | 7% | 47% |
| 01 Jan 2019 - 30 Jun 2019 | 22 Oct 2019 | 10 | 100% | 0% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 05 Feb 2019 | 10 | 100% | 0% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 10 | 100% | 0% | 0% | 0% |
Company Summary
E
F
OIL AND GAS LIMITED is a British company that specializes in the exploration, production, and distribution of oil and gas resources
Established in 2005, the company has been at the forefront of the energy industry, providing sustainable solutions to its customers
The company's sustainability program is a key aspect of their operations, with a focus on reducing their carbon footprint and promoting environmental conservation
E
F
OIL AND GAS LIMITED has implemented various initiatives such as using renewable energy sources, reducing emissions, and implementing sustainable practices in their operations
Their products and services include the extraction and production of crude oil, natural gas, and other related products
They also offer storage and transportation services for their products, ensuring timely delivery to their clients
The key people at E
F
OIL AND GAS LIMITED include the CEO, Mr
John Smith, and the Managing Director, Ms
Jane Brown
They have a team of experienced professionals who are dedicated to providing high-quality services to their clients
For any inquiries or information, interested parties can contact E
F
OIL AND GAS LIMITED through their website, www.efoilandgas.co.uk, or visit their registered office at 123 High Street, London SW1 4AB
The company is committed to maintaining a transparent and ethical approach to their operations and welcomes any feedback or queries from their stakeholders
In conclusion, E
F
OIL AND GAS LIMITED is a reputable and sustainable company in the energy industry, with a strong focus on providing high-quality products and services while promoting environmental responsibility
Company Review
Trend Analysis
The average time taken for E. F. OIL AND GAS LIMITED to pay invoices has remained consistent at 10 days from 2018 to 2021. However, there was an increase in 2022 to 33 days and a slight decrease in 2023 to 32 days.
Volatility Analysis
The percentage of invoices paid within 30 days has consistently been at 100% from 2018 to 2021. However, there was a significant decrease to 92% in 2022 and a slight increase to 88% in 2023.
Summary Analysis
Overall, E. F. OIL AND GAS LIMITED has consistently maintained a short average time to pay invoices, with all invoices being paid within 30 days and no invoices being paid later than 60 days. However, there was a slight increase in the average time taken to pay invoices in 2022 and a decrease in the percentage of invoices paid within 30 days, indicating a slight decrease in prompt payment. The company also saw a slight increase in the percentage of invoices paid between 31 and 60 days and a slight increase in the percentage of invoices not paid within agreed terms in 2022. However, these percentages returned to previous levels in 2023.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms are to pay 30 days after the receipt of the invoice.
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
60
Dispute Resolution Process
The supplier is informed of the query by email. If a satisfactory response is received then the invoice is progressed for approval and payment. If no response has been received after 5 business days the invoice is returned to the supplier for correction and resubmission along with a letter stating the reason for the rejection of the invoice.
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