VITOL SERVICES LIMITED
Company Information
- Company Number
- 03865177
- Registered Address
- 4th Floor, Nova South, 160 Victoria Street, London, England, SW1E 5LB
- Status
- Active
- Employee Count
- 171
- Turnover
- £1,777,656,000
- EBITDA
- £345,432,000
Additional Details
- Website
- https://vitol.com
- Company Type
- Private limited Company
- Incorporated On
- 26 October 1999
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Coming Soon
- 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 | 30 Jan 2025 | 13 | 99% | 1% | 0% | 0% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 14 | 99% | 1% | 0% | 1% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 14 | 98% | 2% | 0% | 2% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 18 | 98% | 2% | 0% | 2% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 15 | 97% | 3% | 0% | 3% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 13 | 99% | 1% | 0% | 1% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 14 | 93% | 6% | 1% | 5% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 12 | 95% | 5% | 0% | 4% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 19 | 91% | 9% | 0% | 0% |
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
The company uses a variety of suppliers and aims to pay correct, undisputed and properly due VAT invoices within 30 days of receipt by the accounts team.
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
Initial contact is to be made by the supplier to accounts payable who will then follow up internally, liaising with the supplier on a continuous basis until resolved.
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
VITOL SERVICES LIMITED is a global energy and commodities company that provides a wide range of products and services in the oil and gas industry. The company is committed to sustainability and has a strong focus on reducing its environmental impact.
Their sustainability program includes initiatives such as reducing greenhouse gas emissions, promoting renewable energy, and implementing efficient waste management practices. They also prioritize the health and safety of their employees and the communities they operate in.
VITOL SERVICES LIMITED offers a variety of products and services, including trading and logistics, refining, and marketing of oil and gas. They also provide storage and transportation solutions, as well as risk management services.
The company's key people include CEO Russell Hardy, who has over 25 years of experience in the energy industry, and CFO Jeff Dellapina, who has been with the company for over 20 years. They also have a strong leadership team with extensive experience in the energy sector.
For more information on their products and services, as well as their sustainability efforts, interested parties can visit their website at www.vitol.com. Their registered office address is 8 Hanover Street, London, W1S 1YQ, United Kingdom. VITOL SERVICES LIMITED continues to be a leader in the energy industry, providing innovative solutions while prioritizing sustainability and responsible business practices.
