VALERO HOLDCO UK LTD
Company Information
- Company Number
- 07541674
- Registered Address
- 27th Floor 1 Canada Square, Canary Wharf, London, United Kingdom, E14 5AA
- Status
- Active
- Employee Count
- 0.0
- Turnover
- 0.0
- EBITDA
- 71000.0
Additional Details
- Website
- https://texaco.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 24 February 2011
- Nature of Business
- 64205 - Activities of financial services holding companies
- Industries
- 0
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 | 31 Jan 2024 | 8 | 100% | 0% | 0% | 100% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 14 | 100% | 0% | 0% | 100% |
| 01 Jul 2022 - 31 Dec 2022 | 29 Jan 2023 | 15 | 100% | 0% | 0% | 88% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 14 | 100% | 0% | 0% | 100% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 4 | 100% | 0% | 0% | 100% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 6 | 100% | 0% | 0% | 100% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 17 | 100% | 0% | 0% | 50% |
| 01 Jan 2020 - 30 Jun 2020 | 04 Aug 2020 | 19 | 100% | 0% | 0% | 100% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 5 | 100% | 0% | 0% | 100% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 18 | 83% | 17% | 0% | 67% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 23 | 75% | 0% | 25% | 88% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 12 | 100% | 0% | 0% | 50% |
Company Summary
VALERO HOLDCO UK LTD is a leading company in the energy sector, providing a range of sustainable products and services
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact
The company's sustainability program includes a focus on reducing carbon emissions, promoting renewable energy sources, and implementing efficient and sustainable operations
They also prioritize the health and safety of their employees and communities, as well as promoting diversity and inclusion
VALERO HOLDCO UK LTD offers a variety of products and services, including petroleum fuels, lubricants, and asphalt
They also provide renewable fuels such as ethanol and biodiesel, as well as natural gas and electricity
Their products and services are used in various industries, including transportation, agriculture, and power generation
The company is led by a team of experienced executives, including Chairman and CEO Joseph W
Gorder and President and COO Gary K
Simmons
They are supported by a dedicated team of employees who are committed to the company's sustainability goals
VALERO HOLDCO UK LTD can be contacted through their website at www.valero.com or via their registered office address at Valero Energy Corporation, One Valero Way, San Antonio, Texas 78249
They also have a presence on social media platforms such as Twitter, LinkedIn, and Facebook, where they share updates on their sustainability efforts and company news
Company Review
Trend Analysis
The average time for VALERO HOLDCO UK LTD to pay invoices to suppliers has fluctuated over the past three periods, but has overall decreased from 2018 to 2023. There was a significant increase in the average time to pay in 2018-2019, followed by a sharp decrease in 2019-2020. The trend has been relatively stable since then, with a slight increase in 2022-2023.
Volatility Analysis
The volatility of VALERO HOLDCO UK LTD's average time to pay has been relatively high, with large changes occurring between periods. The largest change occurred in 2019-2020, where there was a 78% decrease in the average time to pay compared to the previous period. The volatility has decreased since then, with smaller changes occurring between periods.
Summary Analysis
In the past three periods, VALERO HOLDCO UK LTD has shown a decreasing trend in the average time to pay invoices to suppliers. The company has consistently paid 100% of invoices within 30 days, and there has been a significant improvement in paying invoices between 31-60 days, with a decrease from 25% in 2018-2019 to 0% in 2021-2023. The company's worst period for paying invoices later than 60 days was in 2018-2019, where this percentage was at its highest at 88%. However, there has been a significant improvement in this area since then, with 0% of invoices being paid later than 60 days in the past three periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
All dispute resolutions involve Accounts Payable in the US – we coordinate with the business and the vendor.
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
