| 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 | 29 Jan 2026 | 37 | 59% | 31% | 10% | 44% |
| 01 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 29 | 86% | 13% | 1% | 14% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 28 | 97% | 3% | 0% | 3% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 28 | 95% | 5% | 0% | 5% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 27 | 98% | 2% | 0% | 2% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 27 | 94% | 6% | 0% | 6% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 27 | 96% | 4% | 0% | 4% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 27 | 97% | 3% | 0% | 3% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 26 | 93% | 7% | 0% | 7% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 34 | 76% | 21% | 3% | 24% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 34 | 68% | 27% | 5% | 32% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 33 | 71% | 25% | 4% | 29% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We have standard payment terms of 30 days from date of receipt of invoice, but the procurement organisation allows for shorter payment terms for smaller suppliers during the contract negotiation process.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Spirit Energy implemented an automated Accounts Payable solution in May 2025. The solution did not work as anticipated and caused a backlog in overdue invoices. Spirit Energy added additional resources to the team to tackle the issue and successfully cleared the back log by 31.12.2025. The initial problems from the implementation have now been addressed and should not re-occur.
Maximum contractual payment period agreed
30
Any disputes the suppliers should contact their specific contact in Accounts Payable spiritenergyap@spirit-energy.com The Accounts Payable team will consider the complaint and respond accordingly.
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
SPIRIT ENERGY NORTH SEA LIMITED is an oil and gas company based in the United Kingdom. They are committed to providing sustainable energy solutions while also minimizing their impact on the environment.
The company's sustainability program focuses on reducing carbon emissions, promoting energy efficiency, and investing in renewable energy sources. They have set ambitious targets to reduce their carbon footprint and are constantly working towards achieving them.
SPIRIT ENERGY NORTH SEA LIMITED offers a wide range of products and services, including exploration, production, and development of oil and gas resources. They also provide offshore and onshore drilling services, as well as engineering and consultancy services.
The company is led by a team of experienced and knowledgeable individuals, including the CEO Mr. Chris Cox. They have a dedicated team of professionals who are committed to delivering high-quality services and products while adhering to the company's sustainability goals.
For more information on SPIRIT ENERGY NORTH SEA LIMITED and their services, customers can visit their website at www.spirit-energy.com. The company's registered office is located at 1 Kingdom Street, London, W2 6BD, United Kingdom.
In summary, SPIRIT ENERGY NORTH SEA LIMITED is a leading oil and gas company in the UK that is committed to sustainable energy solutions and minimizing their environmental impact. With a wide range of products and services, a dedicated team, and a clear focus on sustainability, they are a reliable and responsible energy company.
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