ROSNEFT MARINE (UK) LIMITED

PaymentCheck Score 2022
97Excellent
3.2vs last year
#280 in UK
#12 in Travel And Transportation
#12 in East of England

Company Information

Company Number
06679031
Registered Address
Devonshire House, Manor Way, Borehamwood, Hertfordshire, WD6 1QQ
Status
Liquidation
Employee Count
15
Turnover
£285,647,000
EBITDA
-£10,973,000

Additional Details

Company Type
Private limited Company
Incorporated On
21 August 2008
Nature of Business
46719 - Wholesale of other fuels and related products
Industries
Travel And Transportation
Region
East of England

Time to Pay

Average Time to Pay
11 days
Shortest Period:5 days
Longest Period:45 days
Max Contractual:45 days

Payment Timeline

Within 30 Days
88%
31-60 Days
12%
After 60 Days
0%
Not Paid Within Terms0%

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: 2023-01-03
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2022 - 31 Dec 202203 Jan 20231188%12%0%0%
01 Jan 2022 - 30 Jun 202219 Jul 20221096%4%0%0%
01 Jul 2021 - 31 Dec 202119 Jan 2022798%2%0%0%
01 Jan 2021 - 30 Jun 202123 Jul 20216100%0%0%0%
01 Jul 2019 - 31 Dec 201927 Jan 20201091%7%2%0%
01 Jan 2019 - 30 Jun 201911 Jul 2019894%6%0%0%
01 Jul 2018 - 31 Dec 201811 Jul 2019892%6%2%0%
01 Jan 2018 - 30 Jun 201811 Jul 20191385%9%6%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

5-45 days Unless otherwise is agreed in writing, Rosneft Marine (UK) Ltd pays to third parties for goods or services within 30 days of receipt of a correct, undisputed and properly due VAT 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

45

Dispute Resolution Process

The Company and the supplier will endeavour to resolve all disputes by agreement. Dispute resolution processes are usually conducted in writing until the issue is fully clarified. Once the issue is resolved, payment will be made in accordance with agreed terms. If negotiations to resolve the dispute are unsuccessful, then the dispute will be referred to arbitration/court in accordance with the dispute resolution clause of the corresponding agreement (those situations never occurred in practice so far).

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

ROSNEFT MARINE (UK) LIMITED is a subsidiary of the Russian oil and gas company, Rosneft. The company is headquartered in London, United Kingdom and provides a range of marine services to the oil and gas industry.

Their sustainability program focuses on environmental protection, health and safety, and social responsibility. They have implemented measures to reduce their carbon footprint, prevent oil spills, and promote community development in the areas where they operate.

The company offers a variety of products and services including marine fuel supply, bunkering, lubricants, and ship-to-ship transfers. They also provide logistics and technical support for offshore operations.

The key people of ROSNEFT MARINE (UK) LIMITED include their Managing Director, Alexey Maslov, and their Commercial Director, Sergey Likharev. Both have extensive experience in the oil and gas industry.

The company can be contacted through their website, which also provides information on their services and sustainability efforts. Their registered office address is located at 20-22 Wenlock Road, London, N1 7GU, United Kingdom.

In summary, ROSNEFT MARINE (UK) LIMITED is a leading provider of marine services to the oil and gas industry, with a strong commitment to sustainability and responsible business practices. Their range of products and services, as well as their experienced team, make them a reliable partner in the industry.

Financial Metrics

Cash
£17,407,618
Net Worth
£39,523,587
Total Current Assets
£44,744,418
Total Current Liabilities
£5,292,461

Company Location