Score of 95.9/100 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 | 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 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 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?
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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
Glencore Energy UK Ltd. is a leading global energy and commodity trading company, headquartered in London, UK. It is a subsidiary of Glencore plc, a multinational corporation with operations in over 50 countries.
The company's main activities include sourcing, supplying, and trading a wide range of energy products such as crude oil, refined petroleum products, natural gas, and coal. It also provides risk management and logistics services to its clients.
Glencore Energy UK Ltd. is committed to promoting sustainability and has a strong sustainability program in place. It aims to minimize its environmental impact, promote responsible business practices, and contribute to the communities in which it operates. The company has set ambitious targets for reducing its greenhouse gas emissions and increasing its use of renewable energy sources.
The company's key people include its CEO, Alex Beard, who has over 25 years of experience in the energy and commodities industry. He is supported by a team of experienced professionals who are experts in their respective fields.
Glencore Energy UK Ltd. has a strong online presence and its official website is www.glencore.com. The registered office address is 50 Berkeley Street, London W1J 8HD, United Kingdom. The company can be contacted via phone at +44 (0) 20 7412 2000 or through email at info@glencore.com.
In summary, Glencore Energy UK Ltd. is a leading energy and commodity trading company with a strong commitment to sustainability. Its wide range of products and services, along with its team of experienced professionals, make it a trusted and reliable partner in the global energy market. With its focus on responsible business practices, the company is well-positioned to continue its success in the future.