PETROINEOS FUELS LIMITED
Company Information
- Company Number
- 07003774
- Registered Address
- The Adelphi 1-11, John Adam Street, London, United Kingdom, WC2N 6HT
- Status
- Active
- Employee Count
- 0
- Turnover
- £3,050,696,000
- EBITDA
- £135,686,000
Additional Details
- Website
- https://www.petroineos.com
- Company Type
- Private limited Company
- Incorporated On
- 28 August 2009
- Nature of Business
- 46719 - Wholesale of other fuels and related products
- Industries
- Property,Infrastructure And Construction
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2025 - 30 Jun 2025 | 25 Jul 2025 | 18 | 86% | 8% | 6% | 30% |
| 01 Jul 2024 - 31 Dec 2024 | 06 Feb 2025 | 16 | 95% | 3% | 2% | 20% |
| 01 Jul 2022 - 31 Dec 2022 | 19 Jan 2023 | 13 | 90% | 6% | 4% | 37% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 10 | 91% | 7% | 2% | 48% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 10 | 93% | 5% | 2% | 48% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 8 | 93% | 6% | 1% | 33% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 10 | 95% | 4% | 1% | 45% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 8 | 100% | 0% | 0% | 30% |
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
The Company negotiates and agrees payment terms with its suppliers as one element of its procurement process. As a result, payment terms vary by supplier. The most common payment term in place is 30 days end of month, although payment terms range from payment on receipt to 64 days, end of month.
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
90
Dispute Resolution Process
Supplier invoices and payments are managed by our Accounts Payable team. Disputed invoices will be notified to the supplier by the individual who initiated the purchase transaction to ensure that they are investigated in a timely manner and resolved. Invoiced items that are subject to dispute will not be paid until resolution of the dispute, whereupon payment shall be made either within terms or in the next payment run, following resolution.
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.
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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?
❌
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
PETROINEOS FUELS LIMITED is a leading energy company based in the United Kingdom. The company is a joint venture between INEOS and PetroChina, and it specializes in the production, supply, and trading of refined oil products.
The company's sustainability program focuses on reducing its carbon footprint and promoting environmental responsibility. PETROINEOS is committed to investing in renewable energy sources and implementing sustainable practices in its operations. It also works closely with local communities to support social and economic development.
PETROINEOS offers a wide range of products and services, including high-quality fuels, lubricants, and petrochemicals. The company's products are used in various industries such as transportation, aviation, and manufacturing. PETROINEOS has a strong customer base and partnerships with major retailers, wholesalers, and commercial businesses.
The key people at PETROINEOS FUELS LIMITED include the CEO, Brian Jones, and the Chairman of the Board, Peter C. Smith. Both have extensive experience in the energy industry and are committed to driving the company's growth and sustainability efforts.
To contact PETROINEOS, individuals can visit their website, www.petroineos.com, or reach them at their registered office address: Petroineos Fuels Limited, Grangemouth Refinery, Bo'ness Road, Grangemouth, FK3 9UG, UK. The company also has a strong online presence on social media platforms, where customers can stay updated on their latest news and developments.
