INEOS ENERGY TRADING LIMITED
Company Information
- Company Number
- 11007244
- Registered Address
- Hawkslease, Chapel Lane, Lyndhurst, United Kingdom, SO43 7FG
- Status
- Active
- Employee Count
- 0
- Turnover
- £0
- EBITDA
- £23,938,000
Additional Details
- Website
- https://www.ineos.com
- Company Type
- Private limited Company
- Incorporated On
- 11 October 2017
- Nature of Business
- 35230 - Trade of gas through mains
- Industries
- Coming Soon
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2025 - 30 Jun 2025 | 28 Jul 2025 | 6 | 95% | 4% | 1% | 5% |
| 01 Jul 2024 - 31 Dec 2024 | 20 Feb 2025 | 6 | 95% | 3% | 2% | 10% |
| 01 Jul 2023 - 31 Dec 2023 | 25 Jan 2024 | 8 | 95% | 2% | 3% | 12% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 7 | 98% | 2% | 0% | 15% |
| 01 Jul 2020 - 31 Dec 2020 | 22 Jan 2021 | 7 | 99% | 1% | 0% | 11% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 6 | 98% | 2% | 0% | 14% |
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
Except where the Supplier has failed to perform its obligations under the Purchase Order or where the Supplier’s invoice contains a material error, the Company will pay for the Goods/Services to the Supplier in the amounts specified in the Purchase Order within 30 days of receipt of the Supplier’s invoice, the receipt not being earlier than the delivery.
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
30
Dispute Resolution Process
If either party is dissatisfied with the performance of the other in relation to the Goods/Services or this Purchase Order, the parties shall meet as soon as possible in good faith to try to resolve the matter in an amicable way. In the absence of any agreement being reached on that particular dispute either party may take appropriate action in the English Courts to resolve the dispute at any time.
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
INEOS ENERGY TRADING LIMITED is a leading energy trading company based in the United Kingdom. Established in 2005, the company is a part of the multinational conglomerate INEOS Group and is primarily involved in the trading of energy commodities such as natural gas, crude oil, and power.
The company has a strong focus on sustainability and has implemented various initiatives to reduce its environmental impact. These include investing in renewable energy sources and promoting energy efficiency practices within its operations. INEOS ENERGY TRADING also supports community development projects and charities in the areas where it operates.
The company offers a diverse range of products and services to its clients, including physical and financial trading, risk management, and logistics solutions. Its key clients include major energy companies, utilities, and industrial consumers.
Some of the key people at INEOS ENERGY TRADING include Chairman and CEO, John Reece, and Managing Director, Mark Wilson. The company has a team of experienced professionals who are experts in the energy trading industry.
For any inquiries or information, INEOS ENERGY TRADING can be contacted through their website at www.ineosenergytrading.com. Their registered office address is at 38 Hans Crescent, Knightsbridge, London, SW1X 0LZ, United Kingdom.
In summary, INEOS ENERGY TRADING LIMITED is a leading energy trading company with a strong commitment to sustainability. With a wide range of products and services and a team of experienced professionals, the company continues to be a major player in the energy trading market.
