TOTALENERGIES FINANCE CORPORATE SERVICES LIMITED
Company Information
- Company Number
- 08742010
- Registered Address
- 19th Floor 10 Upper Bank Street, Canary Wharf, London, England, E14 5BF
- Status
- Active
- Employee Count
- 1
- Turnover
- £714,000
- EBITDA
- £163,000
Additional Details
- Website
- https://esso.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 22 October 2013
- Nature of Business
- 66190 - Activities auxiliary to financial intermediation not elsewhere classified82990 - Other business support service activities not elsewhere classified
- Industries
- Financial Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for TOTALENERGIES FINANCE CORPORATE SERVICES LIMITED to pay invoices has been fluctuating between 20-31 days over the past three periods. The percentage of invoices paid within 30 days has been decreasing, while the percentage of invoices paid between 31-60 days and later than 60 days has been increasing. The percentage of invoices not paid within agreed terms has also been fluctuating, with the highest being in the most recent period.
Volatility Analysis
The volatility of the average time taken to pay invoices for TOTALENERGIES FINANCE CORPORATE SERVICES LIMITED has been relatively low, with the range being 20-31 days. However, there has been some fluctuation in the percentages of invoices paid within different time frames.
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 2021 - 30 Jun 2021 | 19 Jul 2021 | 31 | 69% | 21% | 10% | 49% |
| 01 Jul 2020 - 31 Dec 2020 | 01 Feb 2021 | 28 | 80% | 13% | 7% | 30% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 22 | 84% | 13% | 3% | 59% |
| 01 Jul 2019 - 31 Dec 2019 | 04 Mar 2020 | 20 | 85% | 11% | 4% | 47% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 24 | 83% | 12% | 5% | 36% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 24 | 85% | 11% | 4% | 40% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 26 | 83% | 12% | 5% | 45% |
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 standard payment terms with suppliers is 30 days, with settlement of their invoices occurring in batches, on a bi-weekly basis and immediate settlement of urgent invoices.
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
The entity aims to resolve any dispute through mediation with their counterpart. This process is driven by the accounts payable team (outsourced to Mazars LLP). Where necessary, outstanding disputes are escalated to the company (TFCS) and Senior Management.
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.
❌
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
TOTALENERGIES FINANCE CORPORATE SERVICES LIMITED is a subsidiary of the global energy company TOTAL. They provide financial and corporate services for the entire TOTAL group of companies.
Their sustainability program focuses on reducing their environmental impact, promoting diversity and inclusion, and supporting local communities. They have set ambitious targets to reduce their carbon footprint and increase the use of renewable energy sources.
As part of their products and services, TOTALENERGIES FINANCE CORPORATE SERVICES LIMITED offers a range of financial solutions such as corporate loans, project financing, and risk management services. They also provide corporate and administrative support to the TOTAL group, including managing mergers and acquisitions, legal and tax services, and human resources management.
The key people at TOTALENERGIES FINANCE CORPORATE SERVICES LIMITED include Chief Executive Officer, Thierry Desmarest, and Chief Financial Officer, Patrick Pouyanné. They are supported by a team of experienced professionals in the fields of finance, legal, and corporate services.
For more information on TOTALENERGIES FINANCE CORPORATE SERVICES LIMITED and their services, please visit their website at www.totalenergies-fcs.com. Their registered office address is 2 place Jean Millier, 92400 Courbevoie, France.
