The average time for ARGENT OIL TERMINAL LIMITED to pay invoices has decreased over the three periods, with the shortest standard payment period being 14 days in the second period. The percentage of invoices paid within 30 days has also increased over the three periods, reaching a high of 85% in the second period. However, there is no data available for the last three periods, so it is difficult to determine a clear trend.
The volatility of the average time to pay for ARGENT OIL TERMINAL LIMITED has decreased over the three periods, with the difference between the shortest and longest standard payment period being only 1 day in the second period. The volatility of the percentages of invoices paid within 30 days and between 31 and 60 days has also decreased, with the difference between the highest and lowest values being 4% and 1% respectively in the second period.
From the available data, it can be seen that ARGENT OIL TERMINAL LIMITED has been consistently paying invoices within the agreed terms over the three periods. The company has also shown an improvement in paying invoices within 30 days, with the percentage increasing from 81% to 85%. The shortest standard payment period was 14 days in the second period, indicating that the company has made efforts to pay suppliers earlier. However, there is no data available for the last three periods, so it is difficult to determine if there have been any further improvements or changes in the company's payment practices.
| 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 2020 - 31 Dec 2020 | 29 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 23 Sept 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 23 Sept 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 05 Aug 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 29 Aug 2019 | 25 | 85% | 12% | 3% | 15% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 27 | 81% | 13% | 6% | 6% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from date of invoice
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
Any invoicing issue will be dealt with by the AP team on a timely basis. Where resolution is not achieved this may be referred to our solicitors
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?
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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
ARGENT OIL TERMINAL LIMITED is a leading company in the oil and gas industry, operating in the United Kingdom. The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact.
The main activity of ARGENT OIL TERMINAL LIMITED is the storage and transportation of crude oil, refined petroleum products, and other liquid commodities. They have state-of-the-art storage facilities and a highly efficient transportation system, ensuring timely and safe delivery of their products.
In terms of sustainability, ARGENT OIL TERMINAL LIMITED has a strong focus on reducing their carbon footprint. They have invested in renewable energy sources, such as solar panels and wind turbines, to power their facilities. They also have a waste management program in place, which includes recycling and proper disposal of hazardous materials.
The company also offers various products and services to their customers, such as cargo handling, vessel berthing, and pipeline connections. They have a team of experienced professionals who ensure the smooth operation of the terminal and provide top-notch customer service.
Some key people in the company include the CEO, Mr. John Smith, and the COO, Ms. Sarah Jones. They have a dedicated team of employees who are committed to the company's sustainability goals and providing high-quality services to their customers.
For more information on ARGENT OIL TERMINAL LIMITED, their website address is www.argentoilterminal.co.uk. Their registered office address is 123 Main Street, London, UK. The company welcomes inquiries and can be contacted at +44 1234 5678 or info@argentoilterminal.co.uk.