Over the three periods analysed, there has been a slight decrease in the average time taken for BP EXPLORATION NORTH AFRICA LIMITED to pay invoices to suppliers. In the first period (Jul 2019 - Dec 2019), the average time to pay was not reported. In the second period (Jan 2020 - Jun 2020), it was 30 days. In the third period (Jul 2020 - Dec 2020), it decreased to 25.3 days. This indicates an improvement in the company's efficiency in paying invoices.
The volatility in the % Invoices paid within 30 days has been relatively stable over the three periods analysed. In the first period, it was not reported. In the second period, it was 100% and in the third period, it decreased slightly to 98.7%. This indicates a consistent effort by the company to pay invoices within 30 days.
Overall, BP EXPLORATION NORTH AFRICA LIMITED has shown improvement in paying invoices to suppliers over the three periods analysed. There has been a decrease in the average time taken to pay invoices and a consistent effort to pay invoices within 30 days. However, there has been a slight increase in the number of invoices paid later than 60 days, although it is still a small percentage.
| 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 2020 - 30 Jun 2020 | 30 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 |
BP Exploration North Africa Limited is a UK-registered company with SIC code 06100, extraction of crude petroleum. It is registered at BP's Sunbury on Thames offices and forms part of the wider BP group, acting as an entity within BP's oil and gas operations focused on North Africa. The company's directors and secretaries are drawn from BP group personnel and corporate secretarial entities, and its correspondence address matches BP's UK headquarters. No further detail on specific projects, licences or reserves is available from the evidence supplied, but the SIC classification and naming indicate its role is upstream oil and gas exploration and production activity within the BP group's North African interests.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk