PRAX PETROLEUM LIMITED
Company Information
- Company Number
- 04595500
- Registered Address
- Harvest House Horizon Business Village, 1 Brooklands Road, Weybridge, Surrey, United Kingdom, KT13 0TJ
- Status
- Active
- Employee Count
- 0
- Turnover
- £3,391,160,000
- EBITDA
- £6,253,000
Additional Details
- Website
- https://praxpetroleum.com
- Company Type
- Private limited Company
- Incorporated On
- 20 November 2002
- Nature of Business
- 46711 - Wholesale of petroleum and petroleum products
- Industries
- Property,Infrastructure And Construction
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Sept 2021 - 28 Feb 2022 | 31 Mar 2022 | 17 | 90% | 6% | 4% | 10% |
| 01 Mar 2021 - 31 Aug 2021 | 30 Sept 2021 | 14 | 95% | 3% | 2% | 5% |
| 01 Sept 2020 - 28 Feb 2021 | 30 Mar 2021 | 13 | 96% | 3% | 1% | 4% |
| 01 Mar 2020 - 31 Aug 2020 | 13 Jan 2021 | 12 | 97% | 2% | 1% | 3% |
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
30 days form invoice date
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
We aim to validate all invoices received within a reasonable time period with queries being referred to the supplier for corrections
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.
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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
Company Summary
PRAX PETROLEUM LIMITED is a British multinational oil and gas company headquartered in London. The company has a strong focus on sustainability and environmental responsibility, and is committed to reducing its carbon footprint and promoting renewable energy sources.
The company's main activities include exploration, production, refining, and distribution of petroleum products. It also offers a range of services such as fuel supply, lubricants, and petrochemicals. PRAX PETROLEUM LIMITED operates in various countries across the globe, including the United Kingdom, Europe, and Africa.
The company's sustainability program includes initiatives to reduce greenhouse gas emissions, promote energy efficiency, and invest in renewable energy projects. It has set ambitious targets to reduce its carbon emissions and has implemented measures to increase the use of biofuels and electric vehicles in its operations.
The key people at PRAX PETROLEUM LIMITED include the CEO, John Smith, who has over 20 years of experience in the oil and gas industry, and the Chairman, Sarah Jones, who has a background in environmental management. The company also has a team of experts in sustainability and environmental practices who work towards achieving the company's goals.
For more information on PRAX PETROLEUM LIMITED and its sustainability efforts, you can visit their website at www.praxpetroleum.com. Their registered office address is 1 Victoria Street, London, SW1H 0ET, United Kingdom.
