HURRICANE ENERGY PLC
Company Information
- Company Number
- 05245689
- Registered Address
- Harvest House Horizon Business Village, 1 Brooklands Road, Weybridge, Surrey, United Kingdom, KT13 0TJ
- Status
- Active
- Employee Count
- 34
- Turnover
- £256,808,000
- EBITDA
- £170,774,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 29 September 2004
- Nature of Business
- 06100 - Extraction of crude petroleum06200 - Extraction of natural gas
- 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 Jul 2022 - 31 Dec 2022 | 05 Jan 2023 | 11 | 99% | 1% | 0% | 1% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Aug 2022 | 12 | 99% | 1% | 0% | 1% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 10 | 99% | 1% | 0% | 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
Standard payment terms are 30 days after date of invoice
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
Hurricane will notify suppliers of any disputes, and will endeavour to resolve any disputes with agreement of all parties. Disputes should be in the first instance notified to accounts.payable@hurricaneenergy.com. Once resolved, payment will be made in accordance with agreed terms. If these discussions are unsuccessful, then the dispute will be resolved by reference to further proceedings, which may include arbitration or courts.
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.
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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
Hurricane Energy PLC is a leading UK-based oil and gas company that specializes in the exploration, development, and production of hydrocarbons in the North Sea. The company was founded in 2005 and is headquartered in Surrey, UK.
The company's main focus is on the development of its flagship asset, the Lancaster Field, which is located in the West of Shetland region of the North Sea. Hurricane Energy PLC has successfully completed the first phase of production from the Lancaster Field, making it the first UK company to produce oil from the fractured basement reservoir.
In addition to its production activities, Hurricane Energy PLC is committed to sustainability and has implemented various measures to minimize its environmental impact. The company has a strong focus on reducing its carbon footprint and has set ambitious targets to achieve net-zero emissions by 2050. It also actively engages with local communities and stakeholders to ensure responsible and sustainable operations.
Hurricane Energy PLC offers a range of products and services, including exploration, drilling, and production services. The company's key products include crude oil and natural gas, which are sold to customers in the UK and internationally.
The key people at Hurricane Energy PLC include Dr. Robert Trice, the CEO and founder, who has over 30 years of experience in the oil and gas industry. The company's board of directors also comprises experienced professionals with a wealth of knowledge in the energy sector.
For more information on Hurricane Energy PLC and its activities, including its sustainability program, products, and services, you can visit their website at www.hurricaneenergy.com. Their registered office address is Hurricane House, 9 Buckingham Gate, London, SW1E 6LB, UK.
