Score of 100/100 qualifies for PaymentCheck Certification
| 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 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 11 | 100% | 0% | 0% | 0% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 12 | 100% | 0% | 0% | 0% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 9 | 100% | 0% | 0% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 12 | 100% | 0% | 0% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 10 | 94% | 6% | 0% | 6% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 13 | 92% | 8% | 0% | 8% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 14 | 96% | 4% | 0% | 4% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 9 | 98% | 2% | 0% | 2% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 18 | 86% | 14% | 0% | 14% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 11 | 100% | 0% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 7 | 100% | 0% | 0% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 12 | 96% | 4% | 0% | 4% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 14 | 89% | 11% | 0% | 11% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 19 | 75% | 25% | 0% | 25% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 12 | 100% | 0% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The company uses a variety of suppliers and aims to pay correctly, 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
n/a
Maximum contractual payment period agreed
30
Initial contact is to be made by the supplier to accounts payable who will then follow up internally liaising with supplier on a continuous basis until resolved
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
VITOL BROKING LIMITED is a leading energy and commodities trading company with a strong focus on sustainability. The company was founded in 1992 and is headquartered in London, United Kingdom.
The main activities of VITOL BROKING LIMITED include brokering of energy and commodities, risk management, and logistics services. They provide a wide range of products such as crude oil, natural gas, coal, and refined petroleum products, among others. The company operates globally, with a strong presence in Europe, Asia, Africa, and the Americas.
VITOL BROKING LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have a comprehensive sustainability program that focuses on reducing carbon emissions, promoting renewable energy, and ensuring responsible sourcing of their products. The company also supports various community projects and charities through their social responsibility program.
The key people of VITOL BROKING LIMITED include Ian Taylor, the Chairman, and Russell Hardy, the CEO. Both have extensive experience in the energy and commodities industry and are committed to driving the company's growth and sustainability.
For any inquiries or information, VITOL BROKING LIMITED can be contacted through their website, www.vitol.com, or at their registered office address: Vitol Broking Limited, 16 Palace Street, London, SW1E 5JD, United Kingdom.
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