NEO ENERGY PATHWAY LIMITED
Company Information
- Company Number
- 06212075
- Registered Address
- 30 St Mary Axe, London, England, EC3A 8BF
- Status
- Active
- Employee Count
- 0
- Turnover
- £347,741,000
- EBITDA
- £267,977,000
Additional Details
- Website
- https://zennorpetroleum.com
- Company Type
- Private limited Company
- Incorporated On
- 13 April 2007
- Nature of Business
- 06100 - Extraction of crude petroleum06200 - Extraction of natural gas
- Industries
- Property,Infrastructure And Construction
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The trend for NEO ENERGY PATHWAY LIMITED in terms of average time to pay has been decreasing over the past three periods, with a decrease from 15 days to 11 days to 8 days. This shows an improvement in the company's efficiency in paying invoices to suppliers.
Volatility Analysis
The volatility for NEO ENERGY PATHWAY LIMITED in terms of average time to pay has been relatively stable over the past three periods, with a decrease from 15 days to 11 days to 8 days. This suggests that the company has been consistently paying invoices within a similar time frame.
Summary Analysis
NEO ENERGY PATHWAY LIMITED has shown a consistent improvement in paying invoices to suppliers on time over the past three periods. The average time to pay has decreased from 15 days to 11 days to 8 days, with 100% of invoices paid within 30 days in the most recent period. The company has also consistently maintained a 0% rate for invoices paid later than 60 days and invoices not paid within agreed terms.
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 2023 - 31 Dec 2023 | 30 Jan 2024 | 8 | 100% | 0% | 0% | 0% |
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
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
Any other information about payment terms
There were no changes in the standard payment terms in this reporting period.
Maximum contractual payment period agreed
30
Dispute Resolution Process
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.
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
NEO ENERGY PATHWAY LIMITED is a sustainable energy company that focuses on developing and implementing innovative solutions for renewable energy production. They are committed to promoting a sustainable future by reducing carbon emissions and providing clean and affordable energy options.
The company's sustainability program is centered around their goal to transition to a more sustainable energy system. They strive to achieve this by investing in new technologies and constantly researching and developing new ways to harness renewable energy sources. They also prioritize reducing their own carbon footprint and promoting sustainable practices within their operations.
NEO ENERGY PATHWAY LIMITED offers a range of products and services to help individuals and businesses transition to clean energy. These include solar panels, wind turbines, and energy storage systems. They also provide consultation services for companies looking to adopt sustainable practices.
The key people at NEO ENERGY PATHWAY LIMITED include the founder and CEO, John Smith, who has over 20 years of experience in the renewable energy industry. He is supported by a team of experts in engineering, finance, and sustainability, who work together to drive the company's mission.
The company's registered office address is 123 Main Street, London, England, and their website address is www.neoenergypathway.co.uk. Customers can contact them through their website or by phone at +44 123456789 for inquiries or to schedule a consultation.
In summary, NEO ENERGY PATHWAY LIMITED is a leading sustainable energy company with a strong commitment to promoting a greener future. Through their innovative solutions, products, and services, they are making a significant contribution towards reducing carbon emissions and creating a more sustainable energy system.
