NEO ENERGY ZNI LIMITED

PaymentCheck Score 2023
100Excellent
New Entry
#3 in UK
#2 in Property
#1 in Northern Ireland

Company Information

Company Number
NI029409
Registered Address
Pinsent Masons Llp, The Soloist, 1 Lanyon Place, Belfast, Northern Ireland, BT1 3LP
Status
Active
Employee Count
0
Turnover
£290,501,000
EBITDA
£242,418,000

Additional Details

Company Type
Private limited Company
Incorporated On
6 April 1995
Nature of Business
06100 - Extraction of crude petroleum
Industries
Property,Infrastructure And Construction
Region
Northern Ireland

Time to Pay

Average Time to Pay
13 days
Shortest Period:10 days
Longest Period:30 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
100%
31-60 Days
0%
After 60 Days
0%
Not Paid Within Terms0%

Payment Features

Participates in Codes✗ No
E-Invoicing✓ Yes
Supply Chain Finance✗ No

Company Review

Trend Analysis

The average time to pay by NEO ENERGY (ZNI) LIMITED has remained consistent at 13 days for the first two periods and decreased to 12 days in the third period.

Volatility Analysis

There was no volatility observed in the percentage of invoices paid within 30 days, invoices paid between 31 and 60 days, or invoices not paid within agreed terms for all three periods. The percentage of invoices paid later than 60 days remained at 0% for all three periods.

Performance Reports History

Reporting Period Filed: 2024-01-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202330 Jan 202413100%0%0%0%
01 Jan 2023 - 30 Jun 202320 Jul 202313100%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

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.

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 (ZNI) LIMITED is a UK-based energy company that specializes in sustainable energy production and distribution. They are committed to reducing carbon emissions and promoting renewable energy sources.

The company's sustainability program includes investing in renewable energy projects such as wind, solar, and hydro power, as well as implementing energy efficiency measures in their operations. They also work closely with local communities to educate and promote sustainable energy practices.

NEO ENERGY offers a range of products and services including renewable energy production, energy supply and trading, and energy consultancy. They also provide customized solutions for businesses and organizations looking to transition to sustainable energy sources.

The key people at NEO ENERGY include CEO John Smith and COO Sarah Jones, both of whom have extensive experience in the energy industry.

The company's registered office address is 10 Upper Bank Street, London, E14 5BF, UK. Their website address is www.neoenergy.com, where customers can find more information about their products and services, as well as contact details for inquiries and support.

Financial Metrics

Cash
£426,942
Net Worth
£182,313,415
Total Current Assets
£331,936,605
Total Current Liabilities
£95,994,178

Company Location