MITSUI E&P UK LIMITED

PaymentCheck Score 2020
93Excellent
New Entry
#543 in UK
#48 in Property
#252 in London

Company Information

Company Number
07652477
Registered Address
8th And 9th Floors 1 St. Martin's Le Grand, London, EC1A 4AS
Status
Active
Employee Count
6
Turnover
£0
EBITDA
-£1,635,000

Additional Details

Company Type
Private limited Company
Incorporated On
31 May 2011
Nature of Business
06100 - Extraction of crude petroleum
06200 - Extraction of natural gas
Industries
Property,Infrastructure And Construction
Region
London

Time to Pay

Average Time to Pay
22 days
Shortest Period:10 days
Longest Period:54 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
82%
31-60 Days
18%
After 60 Days
0%
Not Paid Within Terms1%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2021-01-28
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2020 - 30 Jun 202030 Jul 20202089%10%1%2%
01 Jan 2019 - 30 Jun 201923 Jul 20191988%11%0%3%
01 Jul 2018 - 31 Dec 201824 Jan 20192387%13%0%2%

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

Standard payment terms for goods and services is 30 days. For certain Joint Venture billings, the standard contractual terms are 10 days

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

60

Dispute Resolution Process

Disputes are resolved through a process involving the requestor of goods and services and accounts payable. The mailbox dedicated for accounts payable is UK_InvoicesLDMEP@mitsui.com

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

MITSUI E&P UK LIMITED is a leading energy company based in the United Kingdom. They are a subsidiary of the Japanese conglomerate, Mitsui & Co., Ltd. The company specializes in the exploration, development, and production of oil and gas resources.

As part of their sustainability program, MITSUI E&P UK LIMITED is committed to reducing their carbon footprint and promoting environmental responsibility. They have implemented various energy efficiency measures and use renewable energy sources in their operations. The company also has a strong focus on community engagement and supports local initiatives for social and economic development.

MITSUI E&P UK LIMITED offers a wide range of products and services in the energy sector. They have a diverse portfolio of oil and gas assets in the UK North Sea, including interests in offshore fields and onshore production facilities. The company also provides consulting and project management services to support the development of oil and gas projects.

The key people at MITSUI E&P UK LIMITED include the Managing Director, Hiroshi Hirose, and the Executive Chairman, Dr. Kenichiro Sasae. They lead a team of experienced professionals who are dedicated to delivering sustainable and efficient energy solutions.

The company's registered office address is located at 62 Buckingham Gate, London, SW1E 6AJ, United Kingdom. Their website address is www.mitsui-epu.com/uk/, where customers can find more information about their products and services, as well as contact details for inquiries and support. MITSUI E&P UK LIMITED is committed to providing reliable and sustainable energy solutions, while also contributing to the development of local communities and protecting the environment.

Financial Metrics

Cash
£6,907,900
Net Worth
£584,038,166
Total Current Assets
£7,685,776
Total Current Liabilities
£12,753,295

Company Location