Score of 97.5/100 qualifies for PaymentCheck Certification
From 2018 to 2021, the average time taken for SHELL ENERGY EUROPE LIMITED to pay invoices has remained relatively consistent, ranging from 8 to 16 days. However, in 2022 the average time increased to 18 days, before decreasing to 14 days in 2023.
The percentage of invoices paid within 30 days has remained consistently high at 94-97% from 2018 to 2021. However, in 2022 there was a noticeable decrease to 89%, before increasing to 91% in 2023.
The trend shows that SHELL ENERGY EUROPE LIMITED has maintained a consistent average time to pay invoices, but there has been an increase in the percentage of invoices paid between 31 and 60 days and a decrease in the percentage of invoices paid within 30 days in 2022. However, this trend seems to have reversed in 2023 with an increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid between 31 and 60 days.
| 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 2025 - 31 Dec 2025 | 26 Jan 2026 | 13 | 94% | 5% | 1% | 4% |
| 01 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 11 | 95% | 4% | 1% | 2% |
| 01 Jul 2024 - 31 Dec 2024 | 23 Jan 2025 | 14 | 94% | 4% | 2% | 3% |
| 01 Jan 2024 - 30 Jun 2024 | 25 Jul 2024 | 11 | 95% | 4% | 1% | 5% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 13 | 91% | 7% | 2% | 5% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 13 | 91% | 7% | 2% | 5% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 14 | 91% | 7% | 2% | 8% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 14 | 91% | 7% | 2% | 6% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 18 | 89% | 6% | 5% | 9% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 16 | 92% | 5% | 3% | 17% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 15 | 94% | 4% | 2% | 17% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 16 | 94% | 4% | 3% | 13% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 14 | 95% | 3% | 2% | 12% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 16 | 95% | 4% | 1% | 15% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 13 | 97% | 3% | 0% | 19% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 8 | 94% | 2% | 4% | 20% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 15 | 95% | 4% | 1% | 9% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Shell standard terms are 60 days from receipt of a correctly presented invoice. For suppliers confirmed as SMEs 30-day payment terms are available. Invoice receipt is defined as a complete, fiscally correct invoice delivered at the remittance address specified in the contract / agreement / purchase order. For electronic invoices, invoice receipt is when the invoice data is received within the Shell system. Payment terms for Hydrocarbons are determined during Deal Negotiation by Traders and Deal Makers with appropriate business authority. Payment terms are determined by title transfer date and most commonly do not exceed 30 days. The majority of invoices within the entity are governed by the EFET framework agreement, and therefore have a standard payment term period of 1 month + 20 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The reported data includes intragroup payments. Shell is committed to treating our suppliers fairly and continues to monitor and improve our payment processes to support timely payment of suppliers.
Maximum contractual payment period agreed
90
A centralised point of contact for suppliers’ enquiries is in place via Shell Accounts Payable Helpdesk. This team supports with questions related to but not limited to; payment due dates, incorrect invoice submission, wrong or missing PO details etc. Shell seeks to advise suppliers promptly of any disputes or reasons why an invoice will not be paid in accordance with the agreed terms. Invoices that are subject to dispute will not be paid until resolution of the dispute. Once resolved, payment will be made in accordance with the terms of the contract. For hydrocarbons, payment with respect to unresolved disputes will be referred to the Trader and Deal Makers responsible for the negotiated contract and Business Finance Managers.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
SHELL ENERGY EUROPE LIMITED is a leading energy company based in the United Kingdom. They offer a range of sustainable energy solutions and services for both residential and commercial customers.
The company is committed to promoting sustainability and reducing their environmental impact. They have a comprehensive sustainability program in place, which includes setting ambitious targets for reducing carbon emissions and investing in renewable energy sources.
Their products and services include supplying natural gas and electricity, as well as offering renewable energy options such as solar and wind power. They also provide energy management services to help customers reduce their energy consumption and costs.
The key people at SHELL ENERGY EUROPE LIMITED include CEO Colin Crooks and Chairman Sir Nigel Sheinwald. They have a team of experienced professionals dedicated to delivering high-quality and sustainable energy solutions to their customers.
For more information on their products and services, customers can visit their website at www.shellenergy.co.uk. The registered office address for the company is Shell Centre, London SE1 7NA, United Kingdom.
In summary, SHELL ENERGY EUROPE LIMITED is a reputable energy company with a strong focus on sustainability. They offer a wide range of energy solutions and services and are committed to reducing their environmental impact. With a team of experienced professionals and a comprehensive sustainability program, they are a reliable and responsible choice for customers seeking sustainable energy options.
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