From 2018 to 2023, there has been a general trend of improvement in the average time taken for APACHE NORTH SEA LIMITED to pay invoices to suppliers. This can be seen in the decreasing percentage of invoices paid later than 60 days and the increasing percentage of invoices paid within 30 days.
There appears to be some volatility in the data, with some periods showing significant changes in the percentage of invoices paid within 30 days and between 31 and 60 days. This suggests that APACHE NORTH SEA LIMITED may not have a consistent payment process in place.
For the past three periods, the data shows that APACHE NORTH SEA LIMITED has been improving their payment process. In the latest period (2021-01-01 to 2021-06-30), 85.7% of invoices were paid within 30 days, an increase from 77.8% in the previous period (2020-07-01 to 2020-12-31). The percentage of invoices paid later than 60 days also decreased from 10.9% to 7.1%. However, there is still room for improvement as 14.3% of invoices were not paid within agreed terms in the latest period.
| 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 2023 - 30 Jun 2023 | 02 Aug 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 13 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 14 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 13 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 15 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 |
Apache North Sea Limited is a UK-registered private company with its registered office in London. Companies House records its nature of business as extraction of crude petroleum, indicating involvement in North Sea oil and gas operations. The company was previously named Precis (2302) Limited before being renamed shortly after incorporation in December 2002. Corporate registry data shows it sits within a wider international group structure, with a parent entity and an ultimate parent entity registered abroad, and its directors are largely based in the United States, consistent with it operating as the UK subsidiary of a larger petroleum group rather than an independent standalone operator.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · lei.bloomberg.com