Score of 88.55/100 qualifies for PaymentCheck Certification
| 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 2025 - 31 Dec 2025 | 26 Jan 2026 | 14 | 90% | 1% | 9% | 23% |
| 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 Jan 2024 - 30 Jun 2024 | 31 Jul 2024 | 15 | 97% | 2% | 1% | 21% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 20 | 92% | 6% | 2% | 20% |
| 01 Jul 2022 - 31 Dec 2022 | 19 Jan 2023 | 13 | 90% | 6% | 4% | 37% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 10 | 91% | 8% | 1% | 55% |
| 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 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 8 | 94% | 4% | 2% | 36% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 10 | 95% | 4% | 1% | 45% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 8 | 98% | 2% | 0% | 37% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 8 | 100% | 0% | 0% | 30% |
This information is as reported by the business, and responses are in their own words.
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
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.
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
Petroineos Fuels Limited is a registered UK entity within the Petroineos group, a joint venture between PetroChina and INEOS. The wider group operates as an integrated refining and energy trading business, processing crude oil and trading crude, refined products, power and emissions through its network of shareholders' teams. Group refining activities are centred on the Lavera refinery in France, with the former Grangemouth refinery in Scotland now operating as an import and fuels distribution terminal. This entity's registered activity is the wholesale of fuels and related products, reflecting its role in the group's fuel distribution operations rather than direct refining or trading itself.
Generated from the company's website and Companies House records. Sources: petroineos.com · petroineos.com