SERICA ENERGY (UK) LIMITED
Company Information
- Company Number
- 04073712
- Registered Address
- First Floor, 48 George Street, London, England, W1U 7DY
- Status
- Active
- Employee Count
- 0
- Turnover
- £812,423,000
- EBITDA
- £560,717,000
Additional Details
- Website
- https://tailwind.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 13 September 2000
- Nature of Business
- 06100 - Extraction of crude petroleum
- Industries
- Property,Infrastructure And Construction
- 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 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 29 | 92% | 7% | 1% | 9% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 28 | 90% | 10% | 0% | 11% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 28 | 96% | 4% | 0% | 6% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 27 | 96% | 4% | 0% | 5% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 29 | 98% | 1% | 1% | 7% |
| 01 Jul 2022 - 31 Dec 2022 | 17 Mar 2023 | 22 | 90% | 9% | 1% | 10% |
| 01 Jan 2022 - 30 Jun 2022 | 17 Mar 2023 | 24 | 89% | 10% | 1% | 12% |
| 01 Jul 2021 - 31 Dec 2021 | 17 Mar 2023 | 30 | 55% | 42% | 3% | 45% |
| 01 Jan 2021 - 30 Jun 2021 | 17 Mar 2023 | 22 | 82% | 18% | 0% | 18% |
| 01 Jul 2020 - 31 Dec 2020 | 17 Mar 2023 | 29 | 86% | 14% | 0% | 14% |
| 01 Jan 2020 - 30 Jun 2020 | 17 Mar 2023 | 29 | 81% | 18% | 1% | 19% |
| 01 Jul 2019 - 31 Dec 2019 | 17 Mar 2023 | 31 | 80% | 19% | 1% | 20% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Mar 2023 | 29 | 87% | 13% | 0% | 13% |
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 from the receipt of correctly prepared and adequately supported invoice/payment request
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
Suppliers are requested , as stated on PO/Contract, to direct queries to a shared mailbox - qinvoice@serica-energy.com in the first instance. A complaint or concern will be addressed in a timely manner by the Company's representative dealing with the supplier concerned and will escalate any issues appropriately.
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
Serica Energy (UK) Limited is a leading energy company based in the United Kingdom. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
The company's main activities include exploration, development, and production of oil and gas reserves in the UK North Sea, as well as in other international locations. Serica Energy also provides consultancy services to the oil and gas industry.
As part of its sustainability program, Serica Energy has set ambitious targets to reduce its carbon footprint, increase energy efficiency, and promote renewable energy sources. The company has also implemented measures to minimize waste and has invested in innovative technologies to reduce emissions.
Serica Energy offers a range of products and services to its clients, including natural gas, crude oil, and condensate. The company also provides consultancy services in the areas of drilling, reservoir engineering, and project management.
The key people leading Serica Energy include the CEO, Mitch Flegg, and the CFO, Ryan Kutscher. The company's head office is located in London, with additional offices in Aberdeen and Stavanger.
For more information about Serica Energy and its sustainability efforts, please visit their website at www.serica-energy.com. The company's registered office address is 70 Gracechurch Street, London, EC3V 0HR, United Kingdom.
