VALERO PEMBROKESHIRE OIL TERMINAL LTD
Company Information
- Company Number
- 03601913
- Registered Address
- 27th Floor 1 Canada Square, Canary Wharf, London, United Kingdom, E14 5AA
- Status
- Active
- Employee Count
- 52.0
- Turnover
- 23062000.0
- EBITDA
- 11879000.0
Additional Details
- Website
- https://semgroupcorp.com
- Company Type
- Private limited Company
- Incorporated On
- 22 July 1998
- Nature of Business
- 52103 - Operation of warehousing and storage facilities for land transport activities
- 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 | 31 Jan 2024 | 30 | 83% | 16% | 1% | 8% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 29 | 77% | 23% | 0% | 10% |
| 01 Jul 2022 - 31 Dec 2022 | 29 Jan 2023 | 29 | 78% | 21% | 1% | 6% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 29 | 77% | 23% | 0% | 10% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 29 | 83% | 17% | 0% | 5% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 29 | 79% | 21% | 0% | 14% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 28 | 82% | 17% | 1% | 13% |
| 01 Jan 2020 - 30 Jun 2020 | 04 Aug 2020 | 25 | 84% | 16% | 0% | 15% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 27 | 84% | 15% | 1% | 8% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 24 | 89% | 11% | 0% | 22% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 26 | 83% | 16% | 1% | 24% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 24 | 85% | 14% | 1% | 24% |
Company Summary
Valero Pembrokeshire Oil Terminal Ltd is a leading oil and gas company based in Milford Haven, Wales
The company operates a state-of-the-art oil terminal that stores and distributes crude oil and refined petroleum products
As a responsible corporate citizen, Valero Pembrokeshire Oil Terminal Ltd is committed to sustainability and has implemented various initiatives to reduce its environmental impact
This includes investing in energy-efficient technology, reducing emissions, and promoting recycling and waste reduction
The company's primary service is the storage and distribution of oil and gas products, which are vital for powering industries, transportation, and households across the UK
The terminal has a storage capacity of over 5 million barrels and can receive and ship various types of crude oil and refined products, such as gasoline, diesel, and aviation fuel
Key people at Valero Pembrokeshire Oil Terminal Ltd include the managing director, operations manager, and health, safety, and environmental manager
They are responsible for overseeing the day-to-day operations, ensuring compliance with regulations, and driving the company's sustainability efforts
The company can be contacted through their website, which provides information on their products, services, and sustainability initiatives
The registered office address is Valero Pembrokeshire Oil Terminal Ltd, Water Street, Milford Haven, Pembrokeshire, SA73 3AA
In conclusion, Valero Pembrokeshire Oil Terminal Ltd is a leading oil and gas company in the UK, known for its commitment to sustainability, high-quality products, and efficient services
With a dedicated team and modern facilities, the company continues to play a crucial role in meeting the energy needs of the nation
Company Review
Trend Analysis
The average time to pay for VALERO PEMBROKESHIRE OIL TERMINAL LTD has remained relatively consistent over the past 3 periods, with a slight increase in 2023 compared to the previous period in 2022. However, there has been a steady increase in the percentage of invoices paid within 30 days, indicating that the company has been paying their suppliers more promptly.
Volatility Analysis
The volatility for VALERO PEMBROKESHIRE OIL TERMINAL LTD has been relatively stable, with only minor fluctuations in the percentage of invoices paid within 30 days and between 31 and 60 days. The largest change has been in the percentage of invoices paid later than 60 days, which saw a decrease from 1% in 2022 to 0% in 2023.
Summary Analysis
Between 2018 and 2020, VALERO PEMBROKESHIRE OIL TERMINAL LTD maintained an average time to pay of 24-26 days, with a high percentage (83-89%) of invoices paid within 30 days. However, in 2020, there was a slight increase in the percentage of invoices paid between 31 and 60 days, indicating a delay in payments for some suppliers. In 2021, the company improved their payment process, with a decrease in the average time to pay to 29 days and an increase in the percentage of invoices paid within 30 days to 79%. This trend continued in 2022 and 2023, with an average time to pay of 29 days and a high percentage (77-83%) of invoices paid within 30 days. However, there was a slight increase in the percentage of invoices paid between 31 and 60 days in 2022 and 2023, indicating a potential delay in payments for some suppliers.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days
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
All dispute resolutions involve Accounts Payable in the US – we coordinate with the business and the vendor.
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.
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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
