SPIRIT ENERGY NORTH SEA LIMITED

PaymentCheck Score 2025
86Good
6.5vs last year
#1265 in UK
#102 in Property
#223 in South East

Company Information

Company Number
04594558
Registered Address
Millstream, Maidenhead Road, Windsor, Berkshire, SL4 5GD
Status
Active
Employee Count
0
Turnover
£1,088,385,000
EBITDA
£458,843,000

Additional Details

Company Type
Private limited Company
Incorporated On
19 November 2002
Nature of Business
06100 - Extraction of crude petroleum
Industries
Property,Infrastructure And Construction
Region
South East

Time to Pay

Average Time to Pay
29 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
86%
31-60 Days
13%
After 60 Days
1%
Not Paid Within Terms14%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2025-07-31
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202531 Jul 20252986%13%1%14%
01 Jul 2024 - 31 Dec 202430 Jan 20252897%3%0%3%
01 Jan 2024 - 30 Jun 202430 Jul 20242895%5%0%5%
01 Jan 2022 - 30 Jun 202225 Jul 20222797%3%0%3%
01 Jul 2021 - 31 Dec 202125 Jan 20222693%7%0%7%
01 Jan 2021 - 30 Jun 202130 Jul 20213476%21%3%24%
01 Jan 2020 - 30 Jun 202029 Jul 20203371%25%4%29%

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

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

No additional information

Maximum contractual payment period agreed

30

Dispute Resolution Process

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.

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

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.

Financial Metrics

Cash
£972,000
Net Worth
£60,835,000
Total Current Assets
£421,184,000
Total Current Liabilities
£806,619,000

Company Location