ROCKROSE UKCS 10 LIMITED
Company Information
- Company Number
- 04105025
- Registered Address
- 5th Floor Viaro House, 20-23 Holborn, London, England, EC1N 2JD
- Status
- Active
- Employee Count
- 2
- Turnover
- £290,024,000
- EBITDA
- £297,388,000
Additional Details
- Website
- https://marathonoil.com
- Company Type
- Private limited Company
- Incorporated On
- 6 November 2000
- Nature of Business
- 06100 - Extraction of crude petroleum06200 - Extraction of natural gas
- Industries
- Property,Infrastructure And Construction
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 2020 - 30 Jun 2020 | 30 Jul 2020 | 11 | 100% | 0% | 0% | 5% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 11 | 95% | 5% | 0% | 5% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 13 | 93% | 5% | 2% | 7% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 15 | 93% | 0% | 7% | 7% |
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 shortest standard payment terms of 10 days reflect the Joint Venture Operating Agreement payment terms, the monthly billings for which make up 96% (39 from 41 invoices) of contractual payments made by this company in the reporting period. The Company’s commercial standard payment terms are 30 days from receipt of an invoice which is fully compliant with both the contract and Rockrose’s invoicing instructions. These instructions clearly set out email invoice receipt instructions, together with information to be provided on or with the invoice.
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
The Company is committed to dealing with its suppliers in a fair, honest and professional manner. We seek to resolve queries as quickly as possible to everyone’s satisfaction prior to payment being made. In the event of a dispute, discussions take place between the vendor and the operational department to agree the charges to be invoiced.
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.
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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.
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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.
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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
ROCKROSE UKCS 10 LIMITED is an oil and gas exploration and production company based in the UK. The company is committed to sustainability, with a focus on reducing environmental impact and promoting social responsibility.
Their sustainability program includes implementing responsible practices in their operations, reducing greenhouse gas emissions, and supporting local communities. They also have a strong health and safety culture, ensuring the well-being of their employees and contractors.
The company's main product is oil and gas, which is extracted from their offshore exploration and production sites in the UK Continental Shelf. They also have an active portfolio of exploration and appraisal projects, constantly seeking new opportunities for growth.
Key people in the company include the CEO, Executive Chairman, and Chief Financial Officer, who bring a wealth of experience and expertise in the oil and gas industry.
For more information on ROCKROSE UKCS 10 LIMITED and their sustainability efforts, their website is www.rockroseenergy.com. The company's registered office address is 27/28 Eastcastle Street, London, W1W 8DH, United Kingdom.
