Score of 95/100 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 | 28 Jul 2025 | 11 | 100% | 0% | 0% | 25% |
| 01 Jul 2024 - 31 Dec 2024 | 20 Feb 2025 | 5 | 100% | 0% | 0% | 25% |
| 01 Jan 2024 - 30 Jun 2024 | 01 Aug 2024 | 12 | 98% | 0% | 2% | 17% |
| 01 Jul 2023 - 31 Dec 2023 | 25 Jan 2024 | 11 | 98% | 0% | 2% | 4% |
| 01 Jan 2023 - 30 Jun 2023 | 17 Jul 2023 | 8 | 100% | 0% | 0% | 9% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 8 | 96% | 4% | 0% | 14% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 10 | 91% | 7% | 2% | 18% |
| 01 Jul 2021 - 31 Dec 2021 | 04 Feb 2022 | 31 | 85% | 4% | 11% | 25% |
| 01 Jan 2021 - 30 Jun 2021 | 16 Aug 2021 | 10 | 89% | 6% | 5% | 30% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 9 | 98% | 2% | 0% | 18% |
| 01 Jul 2018 - 31 Dec 2018 | 17 Jan 2019 | 15 | 96% | 1% | 3% | 28% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 10 | 89% | 9% | 2% | 23% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Except where the Supplier has failed to perform its obligations under the Purchase Order or where the Supplier’s invoice contains a material error, the Company will pay for the Goods/Services to the Supplier in the amounts specified in the Purchase Order within 30 days of receipt of the Supplier’s invoice, the receipt not being earlier than the delivery.
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
If either party is dissatisfied with the performance of the other in relation to the Goods/Services or this Purchase Order, the parties shall meet as soon as possible in good faith to try to resolve the matter in an amicable way. In the absence of any agreement being reached on that particular dispute either party may take appropriate action in the English Courts to resolve the dispute at any time.
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
INEOS E&P (UK) Limited is registered to extract crude petroleum and natural gas, according to its Companies House SIC classification. The company was originally incorporated as DONG (UK) Limited in 2002, renamed DONG E&P (UK) Limited in 2006, and later renamed INEOS E&P (UK) Limited in 2017, reflecting a change in ultimate ownership. It holds charges with lenders including a bank and a security agent acting for bondholders, covering property interests and intellectual property. As part of the wider INEOS group, the entity's own role is that of a UK oil and gas exploration and production operating company rather than a standalone trading brand.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk