Score of 100/100 qualifies for PaymentCheck Certification
NEO ENERGY CENTRAL NORTH SEA LIMITED demonstrates a highly favorable and consistent payment trend with an average payment time of 11 days. This indicates a strong commitment to prompt payments, consistently well ahead of standard 30-day terms, with 100% of invoices paid within this timeframe.
The complete absence of payments falling into the 31-60 days, over 60 days, and late categories signifies exceptionally low payment volatility. This data points to high reliability and predictability in their payment practices, presenting minimal payment timing risk for suppliers.
NEO ENERGY CENTRAL NORTH SEA LIMITED exhibits an exemplary payment profile, making them a highly attractive partner for suppliers due to their consistent promptness. Suppliers can confidently anticipate very reliable and rapid payments, significantly reducing working capital strain and collection risks. No specific payment-related risk mitigation strategies beyond standard contractual agreements are indicated given their strong performance.
| 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 | 31 Jul 2025 | 11 | 100% | 0% | 0% | 0% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 10 | 100% | 0% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are 30 days from the receipt of a valid invoice to our accounts payable email inbox. Or through our Ariba portal for PO related invoices.
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
NEO Energy seeks to advise suppliers promptly of any disputes or reasons why an invoice will not be paid in accordance with the agreed terms. Once resolved, payment is made in accordance with the terms of the contract/PO. NEO Energy provides a centralised point of contact for suppliers' enquiries via its dedicated email Inbox where the team supports any questions related to, but not limited to, payment due dates, incorrect invoice submission, wrong or missing PO detail etc.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
This Companies House record was originally incorporated as Celtic Oil Limited in 2006, later became First Oil And Gas Limited, then Zennor CNS Limited, and traded as Neo Energy Central North Sea Limited before its most recent renaming to Neo Next+ Energy Central North Sea Limited. Its registered nature of business is extraction of crude petroleum, indicating it operates as part of a group engaged in oil and gas exploration and production in the Central North Sea. The company is an active private limited company registered in London, functioning as an operating entity within a wider North Sea oil and gas group rather than a standalone consumer-facing business.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk