NEO ENERGY PRODUCTION UK LIMITED
Company Information
- Company Number
- 12086835
- Registered Address
- 30 St. Mary Axe, London, England, EC3A 8BF
- Status
- Active
- Employee Count
- 0
- Turnover
- £127,716,000
- EBITDA
- £24,626,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 5 July 2019
- Nature of Business
- 06100 - Extraction of crude petroleum06200 - Extraction of natural gas09100 - Support activities for petroleum and natural gas extraction46711 - Wholesale of petroleum and petroleum products
- Industries
- Property,Infrastructure And Construction
- Region
- London
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 Jul 2022 - 31 Dec 2022 | 12 Jan 2023 | 17 | 98% | 1% | 1% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 20 | 96% | 3% | 1% | 4% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 19 | 92% | 8% | 0% | 13% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 27 | 79% | 19% | 2% | 28% |
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
Our standard payment terms are 30 days from the receipt of a valid invoice to our accounts payable email inbox. Or through our Ariba portal for PO related invoices.
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
NEO Energy seeks to advise suppliers promptly of any disputes or reasons why an invoice will not be paid in accordance with the agreed terms. Once resolved, payment is made in accordance with the terms of the contract/PO. NEO Energy provides a centralised point of contact for suppliers' enquiries via its dedicated email Inbox where the team supports any questions related to, but not limited to, payment due dates, incorrect invoice submission, wrong or missing PO detail etc.
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.
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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?
❌
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
NEO ENERGY PRODUCTION UK LIMITED is an energy company based in the United Kingdom that is committed to sustainability and providing environmentally-friendly products and services. The company's sustainability program focuses on reducing their carbon footprint and promoting renewable energy sources.
One of NEO ENERGY's primary products and services is the production of natural gas and oil. However, the company also offers renewable energy solutions such as wind and solar power. They are dedicated to using the most efficient and environmentally-friendly methods of production to minimize their impact on the environment.
The key people involved in NEO ENERGY PRODUCTION UK LIMITED include the company's CEO, who is responsible for leading the company's overall strategy and vision, as well as the Chief Sustainability Officer, who oversees the company's sustainability efforts. The company also has a team of experienced engineers and technicians who ensure the safe and efficient production of energy.
For more information on NEO ENERGY PRODUCTION UK LIMITED and their products and services, interested parties can visit their website at www.neoenergy.co.uk. The company's registered office address is located at 1 New Ludgate, 60 Ludgate Hill, London, EC4M 7AW.
