TOTALENERGIES EP NORTH SEA UK LIMITED
Company Information
- Company Number
- 03682299
- Registered Address
- 19th Floor 10 Upper Bank Street, Canary Wharf, London, England, E14 5BF
- Status
- Active
- Employee Count
- 0.0
- Turnover
- 2782827000.0
- EBITDA
- 2212621000.0
Additional Details
- Website
- https://total.uk
- Company Type
- Private limited Company
- Incorporated On
- 11 December 1998
- Nature of Business
- 06100 - Extraction of crude petroleum$06200 - Extraction of natural gas
- Industries
- Property,Infrastructure And Construction
- 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 | 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 | 35 | 73% | 20% | 7% | 27% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jul 2020 | 36 | 69% | 18% | 13% | 31% |
| 01 Jan 2019 - 30 Jun 2019 | 22 Oct 2019 | 45 | 57% | 25% | 18% | 43% |
| 01 Jul 2018 - 31 Dec 2018 | 08 Feb 2019 | 40 | 77% | 23% | 0% | 23% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 35 | 89% | 8% | 3% | 11% |
Company Summary
TOTALENERGIES E&P NORTH SEA UK LIMITED is a leading energy company that operates in the North Sea region of the United Kingdom
The company is committed to sustainable practices and has a strong sustainability program in place
The company's activities primarily involve exploration, development, and production of oil and gas resources in the North Sea
They have a diverse portfolio of assets, including offshore platforms, pipelines, and onshore facilities
In line with their sustainability goals, TOTALENERGIES E&P NORTH SEA UK LIMITED has implemented various initiatives to reduce their environmental impact
This includes investing in renewable energy sources, implementing energy efficiency measures, and reducing their carbon emissions
The company also offers a range of products and services to meet the energy needs of their customers
This includes natural gas, liquefied natural gas (LNG), and renewable energy solutions
They also provide expertise in engineering, project management, and technology to support the development of energy projects
Key people in TOTALENERGIES E&P NORTH SEA UK LIMITED include the Managing Director, Senior Vice President of Operations, and Senior Vice President of Commercial
These individuals bring a wealth of experience and expertise to the company
To get in touch with TOTALENERGIES E&P NORTH SEA UK LIMITED, their website address is www.totalenergies.com and their registered office address is 25 Bank Street, Canary Wharf, London, E14 5JP
The company also has various contact numbers and email addresses listed on their website for specific inquiries
Company Review
Trend Analysis
The trend for TOTALENERGIES E&P NORTH SEA UK LIMITED is generally positive, with a slight decrease in the average time to pay invoices and an increase in the percentage of invoices paid within 30 days. The percentage of invoices paid within 31-60 days has also decreased over the periods analysed.
Volatility Analysis
The volatility for TOTALENERGIES E&P NORTH SEA UK LIMITED is relatively low, with small fluctuations in the average time to pay and the percentage of invoices paid within 30 days. The main volatility is seen in the percentage of invoices paid later than 60 days, with some periods showing a significant increase.
Summary Analysis
From 2018-2020, TOTALENERGIES E&P NORTH SEA UK LIMITED had an average time to pay of 35-40 days, with a high percentage of invoices paid within 30 days (77-89%). However, there was a noticeable increase in the percentage of invoices paid later than 60 days in the second half of 2019 (18%), which improved in 2020 (7%). From 2021-2023, there was a consistent decrease in the average time to pay (31-33 days), with a high percentage of invoices paid within 30 days (81-92%). The percentage of invoices paid later than 60 days remained relatively low (1-4%). The worst period with the highest percentage of invoices paid later than 60 days was in the second half of 2019 (18%).
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
