Certas Energy UK Limited demonstrates an average payment time of 28 days, with 58% of invoices settled within 30 days. A substantial 39% of payments fall into the 31-60 day bracket, suggesting a common trajectory slightly beyond immediate 30-day terms. Only 3% of payments extend beyond 60 days, indicating rare extreme delays.
While over half of payments are made within 30 days, the significant 39% falling into the 31-60 day window introduces moderate variability and necessitates some buffer in supplier cash flow planning. The 7% late payment rate presents a low but identifiable risk for statutory late payment charges. Suppliers should factor in that a noticeable portion of invoices may not strictly adhere to 30-day terms.
Certas Energy UK Limited appears to be a reasonably consistent payer, suitable for most suppliers willing to accommodate slightly extended payment cycles. Key decision factors involve the supplier's own working capital requirements and tolerance for payments between 30-60 days. To mitigate potential minor delays, suppliers should establish clear payment terms, maintain appropriate credit limits, and actively monitor invoice aging.
| 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 Apr 2024 - 30 Sept 2024 | 07 Jan 2025 | 28 | 58% | 39% | 3% | 7% |
| 01 Oct 2023 - 31 Mar 2024 | 21 May 2024 | 28 | 55% | 41% | 4% | 10% |
| 01 Apr 2023 - 30 Sept 2023 | 31 Oct 2023 | 28 | 58% | 40% | 2% | 7% |
| 01 Oct 2022 - 31 Mar 2023 | 24 Apr 2023 | 29 | 56% | 41% | 3% | 11% |
| 01 Apr 2022 - 30 Sept 2022 | 26 Oct 2022 | 29 | 58% | 39% | 3% | 10% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 31 | 54% | 43% | 3% | 16% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 34 | 45% | 51% | 4% | 21% |
| 01 Oct 2020 - 31 Mar 2021 | 28 Apr 2021 | 35 | 43% | 51% | 6% | 16% |
| 01 Apr 2020 - 30 Sept 2020 | 26 Oct 2020 | 32 | 49% | 47% | 4% | 19% |
| 01 Oct 2019 - 31 Mar 2020 | 27 Apr 2020 | 32 | 51% | 47% | 2% | 12% |
| 01 Apr 2019 - 30 Sept 2019 | 25 Oct 2019 | 32 | 50% | 47% | 3% | 14% |
| 01 Oct 2018 - 31 Mar 2019 | 01 May 2019 | 32 | 50% | 47% | 3% | 14% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 30 | 73% | 24% | 3% | 13% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The majority of our suppliers are on payment terms of 30 days or greater
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
60
Any queries will be dealt with by our accounts payable team at Larbert. There are 2 dedicated mailboxes used for these queries and all e-mails sent to them will be dealt with as quickly as possible
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
Certas Energy UK Limited distributes fuel and lubricants across the UK, describing itself as the largest independent distributor of these products in the country. It supplies heating oil, road diesel, gas oil, kerosene, HVO renewable diesel, AdBlue and lubricants to homes, farms, businesses and forecourts, operating over 80 depots and around 900 tankers. Services include boiler care, fuel tank supply and hire, tank telemetry, fuel cards and HGV bunkering. Customer sectors include agriculture, construction, marine, retail forecourts and transport. The company is part of DCC Energy, itself part of DCC plc, with the registered entity operating as the UK fuel and lubricants distribution business within that wider group.
Generated from the company's website and Companies House records. Sources: certasenergy.co.uk · certasenergy.co.uk