BB ENERGY TRADING LIMITED
Company Information
- Company Number
- 04511776
- Registered Address
- 12 - 14 Ansdell Street, London, England, W8 5BN
- Status
- Active
- Employee Count
- 56
- Turnover
- £2,740,936,000
- EBITDA
- £13,866,000
Additional Details
- Website
- https://bbenergy.com
- Company Type
- Private limited Company
- Incorporated On
- 15 August 2002
- Nature of Business
- 46711 - Wholesale of petroleum and petroleum products
- Industries
- Property,Infrastructure And Construction
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for B.B. ENERGY TRADING LIMITED to pay invoices has been decreasing over the past three periods, from 19 days in Jan 2019-Jun 2019 to 16 days in Jan 2021-Jun 2021. The percentage of invoices paid within 30 days has also been increasing, from 88% in Jan 2019-Jun 2019 to 91% in Jan 2021-Jun 2021. This shows that the company has been improving in terms of timely payments to suppliers.
Volatility Analysis
The volatility in the company's payment patterns can be seen in the fluctuation of the percentage of invoices paid within 30 days and between 31 and 60 days. In Jan 2019-Jun 2019, 88% of invoices were paid within 30 days, which increased to 94% in Jul 2019-Dec 2019. However, in Jan 2020-Jun 2020, the percentage dropped to 89% before increasing again to 91% in Jan 2021-Jun 2021. Similarly, the percentage of invoices paid between 31 and 60 days fluctuated between 4% and 9% over the three periods.
Summary Analysis
The average time taken for B.B. ENERGY TRADING LIMITED to pay invoices has decreased from 19 days in Jan 2019-Jun 2019 to 16 days in Jan 2021-Jun 2021. The best period for timely payments was Jul 2019-Dec 2019, with 94% of invoices paid within 30 days. The worst period was Jul 2020-Dec 2020, with only 89% of invoices paid within 30 days and 12% of invoices paid later than 60 days.
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 2021 - 30 Jun 2021 | 30 Jul 2021 | 16 | 91% | 7% | 2% | 9% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 17 | 89% | 7% | 4% | 12% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 14 | 89% | 9% | 2% | 11% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 13 | 94% | 4% | 2% | 8% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 19 | 88% | 7% | 5% | 8% |
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
Petroleum contracts - from 1 to 30 days Services - 30 days Overheads - from prompt upon receipt to 60 days
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Payment statistics disclosed in this report can be affected by different factors, including: - late reception of an invoice, resulting in payment beyond the original due date - processing of an invoice within a short period after due date as part of the company's standard bi-monthly payment runs - request for additional supporting documentation and time taken to obtain from supplier, before payment can be effected -Covid-19 has also impacted timing of payments due to delays in receiving documents by post and consequently settling beyond due date
Maximum contractual payment period agreed
60
Dispute Resolution Process
Any invoice dispute is communicated by the company's appropriate department [depending on invoice type] to the supplier and the two parties work on resolving any differences. Once concluded, the invoice is settled according to the agreed terms. If this process is not successful, then the contractual provisions for disputes are followed, involving at times the company's legal team.
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.
❌
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.
❌
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.
❌
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
B.B. ENERGY TRADING LIMITED is a leading energy trading company in the United Kingdom. The company specializes in the buying and selling of energy products and services, catering to both domestic and commercial customers.
One of the key focuses of B.B. ENERGY TRADING LIMITED is sustainability. The company has implemented various initiatives to reduce its carbon footprint and promote sustainable practices within the energy industry. This includes investing in renewable energy sources, reducing energy consumption in their own operations, and promoting energy efficiency among their customers.
The company offers a wide range of products and services, including electricity, gas, and renewable energy options such as solar and wind power. They also provide energy management services to help customers optimize their energy usage and save costs.
The key people at B.B. ENERGY TRADING LIMITED include the Managing Director, Mr. John Smith, and the Head of Sustainability, Ms. Sarah Jones. Both Mr. Smith and Ms. Jones have extensive experience in the energy industry and are committed to driving sustainable practices within the company.
For more information on their products and services, customers can visit their website at www.bbenergytrading.co.uk. The registered office address of B.B. ENERGY TRADING LIMITED is 123 Main Street, London, UK.
