VALERO ENERGY LTD
Company Information
- Company Number
- 08566216
- Registered Address
- 27th Floor 1 Canada Square, Canary Wharf, London, United Kingdom, E14 5AA
- Status
- Active
- Employee Count
- 636.0
- Turnover
- 14876000000.0
- EBITDA
- 1146000000.0
Additional Details
- Website
- https://texaco.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 12 June 2013
- Nature of Business
- 64209 - Activities of other holding companies not elsewhere classified
- Industries
- Property,Infrastructure And Construction,Supply Chain,Manufacturing And Commerce Models
- Region
- London
Company Location
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 | 24 | 84% | 15% | 1% | 7% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 22 | 82% | 18% | 1% | 13% |
| 01 Jul 2022 - 31 Dec 2022 | 29 Jan 2023 | 23 | 86% | 14% | 1% | 7% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 22 | 82% | 18% | 1% | 13% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 24 | 85% | 15% | 1% | 7% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 25 | 80% | 19% | 1% | 11% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 26 | 82% | 18% | 0% | 8% |
| 01 Jan 2020 - 30 Jun 2020 | 04 Aug 2020 | 22 | 83% | 16% | 1% | 9% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 24 | 83% | 17% | 0% | 6% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 23 | 83% | 17% | 0% | 20% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 23 | 86% | 14% | 0% | 17% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 23 | 82% | 18% | 0% | 22% |
Company Summary
Valero Energy Ltd is a multinational energy company headquartered in London, United Kingdom
The company operates in the production, refining, and marketing of petroleum products, with a strong focus on sustainability
As part of their sustainability efforts, Valero Energy Ltd has implemented various initiatives to reduce their environmental impact
This includes investing in renewable energy projects, reducing emissions, and promoting energy efficiency and conservation
Valero Energy Ltd offers a wide range of products and services, including gasoline, diesel, jet fuel, and asphalt
They also have a network of branded retail fuel stations across the UK and Ireland
The key people of Valero Energy Ltd include the Chairman and CEO, Joe Gorder, and the President, Gary Simmons
Both have extensive experience in the energy industry and are committed to driving the company's sustainability efforts
To contact Valero Energy Ltd, individuals can visit their website at www.valero.com or reach out to their registered office at One Thames Valley, Wokingham, Berkshire, RG41 5TU, United Kingdom
In summary, Valero Energy Ltd is a leading energy company with a strong commitment to sustainability
Through their various initiatives and products, they strive to reduce their environmental impact while providing reliable and high-quality energy solutions
Company Review
Trend Analysis
The average time taken by VALERO ENERGY LTD to pay invoices has remained relatively consistent over the past three periods, fluctuating between 22 and 26 days. However, there has been a slight increase in the average time in the most recent period.
Volatility Analysis
The volatility in the average time taken to pay invoices has been relatively low, with the maximum difference between periods being only four days.
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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available