SOUTH HOOK LNG TERMINAL COMPANY LTD.
Company Information
- Company Number
- 04982132
- Registered Address
- Company Secretary, South Hook Lng Terminal Company Ltd Dale Road, Herbrandston, Milford Haven, Pembrokeshire, Wales, SA73 3SU
- Status
- Active
- Employee Count
- 89
- Turnover
- £81,289,000
- EBITDA
- -£1,995,000
Additional Details
- Website
- https://southhooklng.com/
- Company Type
- Private limited Company
- Incorporated On
- 2 December 2003
- Nature of Business
- 35210 - Manufacture of gas
- Industries
- Property,Infrastructure And Construction
- Region
- Wales
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 Jan 2025 - 30 Jun 2025 | 19 Jul 2025 | 24 | 100% | 0% | 0% | 1% |
| 01 Jul 2024 - 31 Dec 2024 | 17 Jan 2025 | 21 | 100% | 0% | 0% | 1% |
| 01 Jan 2024 - 30 Jun 2024 | 24 Jul 2024 | 23 | 99% | 1% | 0% | 1% |
| 01 Jul 2023 - 31 Dec 2023 | 24 Jan 2024 | 24 | 99% | 1% | 0% | 3% |
| 01 Jul 2022 - 31 Dec 2022 | 23 Jan 2023 | 24 | 99% | 1% | 0% | 2% |
| 01 Jan 2022 - 30 Jun 2022 | 18 Jul 2022 | 24 | 99% | 1% | 0% | 2% |
| 01 Jul 2021 - 31 Dec 2021 | 19 Jan 2022 | 24 | 99% | 1% | 0% | 1% |
| 01 Jul 2020 - 31 Dec 2020 | 21 Jan 2021 | 23 | 99% | 1% | 0% | 1% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 26 | 99% | 1% | 0% | 1% |
| 01 Jul 2018 - 31 Dec 2018 | 21 Jan 2019 | 25 | 99% | 1% | 0% | 1% |
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
Standard payment terms are 30 days from the receipt of a valid VAT invoice from the supplier, provided that there is no dispute over such invoice. Save for limited exceptions, invoices must state the relevant purchase order number, the Supplier’s full name, registration details, bank account details along with wire transfer instructions, a description of the services or goods supplied, and shall provide such evidence as may be required to enable the South Hook to approve payment of such invoice (e.g. timesheets). South Hook may set off amounts owing to it from the supplier where it has the right to do so. In the case of a disputed invoice, payment will not be made unless and until such dispute has been resolved to South Hook’s satisfaction. Any undisputed invoice that remains unpaid at the due date will bear interest from the due date until payment is made in full at 2 per cent per annum over Citi Bank base rate.
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
45
Dispute Resolution Process
South Hook aims to settle any disputes amicably to the extent possible and without detriment to either company. In instances where an invoice includes an element of undisputed charges, South Hook works with the Supplier to agree partial payment of the invoice for these amounts. In such instances, the Supplier shall submit a full credit note for the disputed invoice and shall re-issue a new invoice setting out only the part of the original invoice that is undisputed. The following steps are taken in the event of a dispute: • The nominated South Hook Contract Manager will inform Procurement and Finance Departments immediately to place the invoice on hold. • Procurement will validate the cause of dispute and advise the Contract Manager on an appropriate course of action. • Finance will advise the Supplier Accounts Receivable Department that the payment terms shall be suspended whilst Procurement liaise with the Supplier contract representative. • Once the invoice dispute is resolved, the Contract Manager/ Procurement Department will inform the Finance Department of the agreed resolution and how the disputed invoice should be dealt with (e.g. payment of the invoice, or credit note and revised invoice to be issued).
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
South Hook LNG Terminal Company Ltd. is a liquefied natural gas (LNG) terminal located in Milford Haven, Wales. The company is a joint venture between Qatar Petroleum and ExxonMobil, with each owning a 50% stake.
The main activity of South Hook LNG Terminal Company Ltd. is to receive, store and regasify LNG imported from Qatar. The terminal has the capacity to process up to 15.6 million tonnes of LNG per year, making it one of the largest in Europe. The company's primary focus is on providing a reliable and secure supply of natural gas to the UK market.
In terms of sustainability, South Hook LNG Terminal Company Ltd. has implemented several initiatives to reduce its environmental impact. These include the use of energy-efficient technology, reducing emissions and waste, and promoting biodiversity in the surrounding area.
The key people at South Hook LNG Terminal Company Ltd. include the Chairman, Faisal Al-Suwaidi, and the CEO, Mark Simons. The company also has a dedicated team of professionals who oversee the day-to-day operations of the terminal.
For those looking to get in touch with the company, South Hook LNG Terminal Company Ltd. can be contacted through their website at www.southhooklng.com. Their registered office address is South Hook LNG Terminal, Waterston, Milford Haven, Pembrokeshire, SA73 3DY, United Kingdom.
In conclusion, South Hook LNG Terminal Company Ltd. is a key player in the UK's energy industry, providing a vital source of natural gas while also prioritizing sustainability and environmental responsibility. With its state-of-the-art technology and dedicated team, the company continues to play a significant role in meeting the country's energy needs.
