SPIRIT ENERGY SOUTHERN NORTH SEA LIMITED

PaymentCheck Score 2024
74Fair
#2629 in UK
#243 in Property
#436 in South East

Company Information

Company Number
05735294
Registered Address
Millstream, Maidenhead Road, Windsor, Berkshire, SL4 5GD
Status
Active
Employee Count
0
Turnover
£252,758,000
EBITDA
£230,566,000

Additional Details

Company Type
Private limited Company
Incorporated On
8 March 2006
Nature of Business
09100 - Support activities for petroleum and natural gas extraction
Industries
Property,Infrastructure And Construction
Region
South East

Time to Pay

Average Time to Pay
31 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
67%
31-60 Days
33%
After 60 Days
0%
Not Paid Within Terms33%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-07-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202430 Jan 20253067%33%0%33%
01 Jan 2024 - 30 Jun 202430 Jul 20243167%33%0%33%
01 Jan 2022 - 30 Jun 202225 Jul 2022490%100%0%100%
01 Jul 2021 - 31 Dec 202125 Jan 20222591%9%0%33%
01 Jan 2021 - 30 Jun 202130 Jul 20213660%40%0%40%
01 Jan 2020 - 30 Jun 202029 Jul 20203272%25%3%28%

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

We have standard payment terms of 30 days from date of receipt of invoice, but the procurement organisation allows for shorter payment terms for smaller suppliers during the contract negotiation process.

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

Any disputes the suppliers should contact their specific contact in Accounts Payable spiritenergyap@spirit-energy.com The Accounts Payable team will consider the complaint and respond accordingly.

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

SPIRIT ENERGY SOUTHERN NORTH SEA LIMITED is a leading energy company that operates in the southern North Sea region. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.

The company's primary activities include exploration, production, and development of oil and gas resources in the southern North Sea. They also offer a range of energy products and services to their clients, including renewable energy solutions.

Some of the key people at SPIRIT ENERGY SOUTHERN NORTH SEA LIMITED include the CEO, who oversees the company's operations, and the sustainability director, who leads the company's sustainability efforts.

In terms of sustainability, the company has set ambitious targets to reduce its carbon footprint and has invested in renewable energy projects. They also prioritize safety and have implemented measures to ensure the well-being of their employees and contractors.

For any inquiries or information about SPIRIT ENERGY SOUTHERN NORTH SEA LIMITED, their website address is www.spirit-energy.com. Their registered office address is Spirit Energy Limited, 1 Canada Square, Canary Wharf, London, E14 5AA.

In conclusion, SPIRIT ENERGY SOUTHERN NORTH SEA LIMITED is a leading energy company with a strong focus on sustainability. Their range of products and services, along with their commitment to reducing their environmental impact, make them a key player in the energy industry.

Financial Metrics

Cash
£7,000
Net Worth
£511,517,000
Total Current Assets
£31,485,000
Total Current Liabilities
£39,279,000

Company Location