Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 89.3/100 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 | 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% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from 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
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.
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
Serica Energy (UK) Limited is a subsidiary within the Serica Energy group, whose parent, Serica Energy plc, is a British independent upstream oil and gas company operating in the UK North Sea. The wider group produces oil and gas from mid-to-late-life fields, holding assets that deliver over 10% of the UK's gas production, and has invested heavily in the UK supply chain since 2020. Its stated strategy involves generating shareholder value through acquisitions and reinvestment in existing fields to extend production life. This registered entity forms part of that corporate structure, incorporated in 2000 and classified under crude petroleum extraction.
Generated from the company's website and Companies House records. Sources: tailwind.co.uk