Score of 95.4/100 qualifies for PaymentCheck Certification
| 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 | 31 Jul 2025 | 25 | 99% | 1% | 0% | 1% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 23 | 99% | 1% | 0% | 0% |
| 01 Jan 2024 - 30 Jun 2024 | 23 Jul 2024 | 23 | 100% | 0% | 0% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 25 | 99% | 1% | 0% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 20 Jul 2023 | 23 | 95% | 4% | 1% | 0% |
| 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% |
This information is as reported by the business, and responses are in their own words.
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
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.
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
NEO Energy Production UK Limited is registered in London and its stated business activities cover the extraction of crude petroleum and natural gas, related support services, and wholesale of petroleum products. It sits within the NEO group of companies operating in UK oil and gas, whose public-facing brand, NEO NEXT+ Energy, describes an ambition to be a safe, top-tier operator on the UK Continental Shelf generating strong financial returns. The wider group's operations focus on upstream oil and gas production, decommissioning and related infrastructure. This entity's own role appears to be as a UK production subsidiary within that broader group structure, rather than the group's public holding or operating company.
Generated from the company's website and Companies House records. Sources: neonextplus.com · neonextplus.com