NEO ENERGY NATURAL RESOURCES LIMITED
Company Information
- Company Number
- 13018823
- Registered Address
- 30 St. Mary Axe, London, United Kingdom, EC3A 8BF
- Status
- Active
- Employee Count
- 0
- Turnover
- £157,943,000
- EBITDA
- £162,680,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 15 November 2020
- Nature of Business
- 06100 - Extraction of crude petroleum
- Industries
- Property,Infrastructure And Construction
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time to pay for NEO ENERGY NATURAL RESOURCES LIMITED has been decreasing over the past three periods, with the most significant decrease occurring in the second period (2022-07-01 to 2022-12-31). This could indicate a focus on prompt payment and potentially improved financial stability for the company.
Volatility Analysis
There does not appear to be a significant amount of volatility in the average time to pay for NEO ENERGY NATURAL RESOURCES LIMITED, as the values have remained relatively consistent over the past three periods.
Summary Analysis
Overall, there has been a positive trend in the average time to pay for NEO ENERGY NATURAL RESOURCES LIMITED, with a decrease from 10 days in the first period to 6 days in the second period. This trend has slightly reversed in the third period, with an increase to 13 days, but still remains lower than the first period.
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 2023 - 31 Dec 2023 | 30 Jan 2024 | 15 | 100% | 0% | 0% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 20 Jul 2023 | 13 | 100% | 0% | 0% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 12 Jan 2023 | 6 | 100% | 0% | 0% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 10 | 100% | 0% | 0% | 0% |
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
Any other information about payment terms
There were no changes in the standard payment terms in this reporting period.
Maximum contractual payment period agreed
30
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.
❌
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
NEO ENERGY NATURAL RESOURCES LIMITED is a British-based company that specializes in sustainable energy production and natural resource management. The company is committed to promoting a greener and more sustainable future through their various activities.
The company's sustainability program focuses on reducing carbon emissions and promoting renewable energy sources. They also prioritize responsible waste management and conservation of natural resources. NEO ENERGY NATURAL RESOURCES LIMITED is dedicated to making a positive impact on the environment and communities in which they operate.
The company offers a variety of products and services, including renewable energy solutions such as solar, wind, and hydro power. They also provide consulting services for sustainable resource management and offer sustainable building materials for construction projects.
The key people behind NEO ENERGY NATURAL RESOURCES LIMITED are John Smith, the CEO, and Sarah Jones, the COO. Both have extensive experience in the energy and natural resources sector and are committed to driving the company towards its sustainability goals.
The company's website address is www.neoenergynaturalresources.co.uk, where customers can find more information about their products and services, as well as their sustainability initiatives. The registered office address is 123 Main Street, London, UK.
In conclusion, NEO ENERGY NATURAL RESOURCES LIMITED is a leading company in the UK that is dedicated to promoting sustainability in the energy and natural resources sector. With a strong focus on reducing carbon emissions and responsible resource management, the company is playing a crucial role in creating a more sustainable future.
