Industry ranking
Score of 95.73/100 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 Jul 2025 - 31 Dec 2025 | 30 Jan 2026 | 15 | 92% | 4% | 4% | 5% |
| 01 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 14 | 93% | 4% | 3% | 5% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 9 | 95% | 4% | 1% | 0% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 9 | 96% | 2% | 2% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 01 Feb 2024 | 9 | 96% | 3% | 1% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 9 | 96% | 3% | 1% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 9 | 96% | 3% | 1% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 9 | 95% | 3% | 2% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 10 | 95% | 4% | 1% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 10 | 92% | 4% | 4% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 30 Jan 2021 | 11 | 92% | 4% | 4% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 9 | 93% | 4% | 3% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 8 | 94% | 4% | 2% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 8 | 94% | 4% | 2% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 7 | 95% | 3% | 2% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 7 | 95% | 3% | 2% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Consistent with normal industry practices: Crude Contracts – 30 days Products Contracts – 5 to 30 days NatGas Contracts – 20th of month following delivery settlement Freight Contracts – prompt or 2 days after completion of discharge Overheads – variety prompt upon receipt to 30 days Payment terms are agreed with suppliers as part of contract negotiations. The most commonly used terms are 30 days, but payment terms vary by commodity traded and geographical location and could be longer or shorter as mutually agreed. Once authorised, trade invoices are paid when contractually due through regular payment runs.
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
90
The process for resolution of disputes involves discussion with our commercial & legal teams to review facts and circumstances and recommend resolutions.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Glencore Energy UK Ltd is registered in London with a Companies House classification for security and commodity contracts dealing. It forms part of the wider Glencore group, described on the group's website as one of the world's largest diversified natural resource companies, which produces, recycles, sources, markets and distributes metals, minerals, coal and oil. The UK entity operates within this structure, reflecting the group's marketing and trading business rather than its mining or industrial operations. The group states its purpose as responsibly sourcing the commodities that support everyday life and the low-carbon transition. No separate description of this entity's own standalone activities beyond its role within the Glencore group is provided in the available evidence.
Generated from the company's website and Companies House records. Sources: glencore.co.uk