Score of 100/100 qualifies for PaymentCheck Certification
The data for SHELL GAS MARKETING U.K LIMITED shows a consistent trend of paying invoices within 30 days for the past three periods. In the first period (2018-01-01 to 2018-06-30), the company paid invoices within an average of 15 days with 94% of invoices paid within 30 days and 6% paid between 31-60 days. The following period (2018-07-01 to 2018-12-31) saw a significant improvement with 100% of invoices paid within 30 days. This trend continued in the next two periods (2019-01-01 to 2019-06-30 and 2019-07-01 to 2019-12-31) with 100% of invoices paid within 30 days. However, in the last recorded period (2020-01-01 to 2020-06-30), the average time to pay increased to 2 days with all invoices being paid within 30 days.
The data for SHELL GAS MARKETING U.K LIMITED shows a low volatility in terms of payment time for invoices. The company has consistently paid invoices within 30 days with a minor fluctuation in the average time to pay. This can be seen in the period between 2018-07-01 to 2019-06-30, where the average time to pay decreased from 15 days to 0 days. However, this fluctuation is relatively small and does not deviate significantly from the trend of paying invoices within 30 days.
In the past three periods, SHELL GAS MARKETING U.K LIMITED has consistently paid invoices within 30 days. This trend improved significantly in the second period (2018-07-01 to 2018-12-31) where all invoices were paid within 30 days. The company has also maintained a short standard payment period of 60 days in all periods. However, in the last recorded period (2020-01-01 to 2020-06-30), the average time to pay increased to 2 days, which is still within the 30-day payment window. The company has also shown a good track record of not paying invoices later than 60 days in all recorded periods.
| 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 2023 - 31 Dec 2023 | 23 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 20 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 0 | 100% | 0% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 2 | 100% | 0% | 0% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Feb 2020 | 14 | 88% | 12% | 0% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 14 | 88% | 12% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 0 | 100% | 0% | 0% | 3% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 0 | 100% | 0% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 15 | 94% | 6% | 0% | 6% |
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.
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
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.
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 GAS MARKETING U.K LIMITED is a subsidiary of Royal Dutch Shell, one of the largest energy companies in the world. It is responsible for marketing and selling natural gas to customers in the United Kingdom.
The company's sustainability program is focused on reducing its carbon footprint and promoting renewable energy sources. They have set targets to reduce their greenhouse gas emissions and invest in low-carbon technologies. In addition, they have partnerships with renewable energy companies to offer customers greener options.
Their main product is natural gas, which is used for heating, cooking, and electricity generation. They also offer liquefied natural gas (LNG) for transportation and industrial purposes. The company ensures the safety and reliability of its products by following strict quality standards and conducting regular maintenance checks.
Key people in the company include the Managing Director, Steve Hill, who has over 30 years of experience in the energy industry, and the Chief Operating Officer, Andrew Jamieson, who has been with the company for over 20 years.
The company's website address is www.shell.co.uk and their registered office address is Shell Centre, London SE1 7NA, United Kingdom. They also have a customer service hotline and email for any inquiries or concerns.