ENQUEST BRITAIN LIMITED
Company Information
- Company Number
- 03628497
- Registered Address
- Charles House, 2nd Floor, 5-11 Regent Street, London, United Kingdom, SW1Y 4LR
- Status
- Active
- Employee Count
- 467
- Turnover
- Coming Soon
- EBITDA
- £8,850,000
Additional Details
- Website
- https://enquest.com
- Company Type
- Private limited Company
- Incorporated On
- 8 September 1998
- Nature of Business
- 06100 - Extraction of crude petroleum
- Industries
- Energy
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2024 - 31 Dec 2024 | 29 Jan 2025 | 27 | 91% | 8% | 1% | 7% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 26 | 93% | 6% | 1% | 4% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Aug 2023 | 27 | 90% | 9% | 1% | 13% |
| 01 Jun 2022 - 31 Dec 2022 | 12 Jun 2023 | 27 | 91% | 1% | 8% | 9% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 27 | 89% | 10% | 1% | 15% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 28 | 83% | 14% | 3% | 16% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 30 | 86% | 11% | 3% | 14% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 29 | 88% | 10% | 2% | 13% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 29 | 86% | 12% | 2% | 17% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 28 | 92% | 6% | 2% | 11% |
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
30 Days. Subject to EnQuest approval process, payment will be effected in the currency stated in the invoice within thirty (30) days from the date of receipt of a valid invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
Dispute Resolution Process
For disputes, suppliers could contact the contracts representative and escalate it to the Supply Chain Manager and Managing Director respectively, if not resolved in the first instance. If still unresolved even after escalation, which is very unlikely, they may choose to take it to court.
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
Company Summary
EnQuest Britain Limited is a British oil and gas exploration and production company. Founded in 2010, the company focuses on developing and producing oil and gas resources in the UK North Sea.
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact. These include reducing carbon emissions, minimizing waste and promoting energy efficiency. EnQuest also works closely with local communities and stakeholders to ensure their operations align with their values and contribute positively to the local economy.
EnQuest offers a range of products and services, including oil and gas exploration, production, and development. The company's production assets include the Thistle, Heather and Magnus fields, which have a combined daily production of over 50,000 barrels of oil equivalent.
The key people at EnQuest Britain Limited include Amjad Bseisu, the CEO, who has extensive experience in the oil and gas industry, and Jonathan Swinney, the CFO, who has a background in finance and accounting.
EnQuest's registered office address is at 5th Floor, Cunard House, 15 Regent Street, London, SW1Y 4LR. The company can be contacted via phone at +44 (0) 20 7925 4900 or through their website at www.enquest.com.
In summary, EnQuest Britain Limited is a sustainable oil and gas company that is dedicated to responsible operations and community engagement. With a strong leadership team and a diverse portfolio of products and services, the company continues to play a significant role in the UK's energy industry.
