Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 100/100 qualifies for PaymentCheck Certification
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.
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.
| 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 | 13 | 100% | 0% | 0% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 20 Jul 2023 | 13 | 100% | 0% | 0% | 0% |
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
There were no changes in the standard payment terms in this reporting period.
Maximum contractual payment period agreed
30
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.
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 (ZNI) Limited is a company registered in Northern Ireland, incorporated in 1995 and currently active. Companies House records its nature of business under SIC code 06100, extraction of crude petroleum, placing it within the oil and gas industry. No further detail on specific operations, assets or trading activity is available from the evidence supplied, and the company's registered office is provided via a Belfast legal firm. The website domain associated with the Antrim Energy name is not operated by the company itself and shows only a domain sale listing, so it cannot be used to describe current trading activity.
Generated from the company's website and Companies House records.