PETROINEOS MANUFACTURING SCOTLAND LIMITED
Company Information
- Company Number
- SC010612
- Registered Address
- Bo'Ness Road, Grangemouth, Stirlingshire, FK3 9XH
- Status
- Active
- Employee Count
- 494
- Turnover
- £481,967,000
- EBITDA
- £125,453,000
Additional Details
- Website
- https://petroineos.com
- Company Type
- Private limited Company
- Incorporated On
- 3 September 1919
- Nature of Business
- 19201 - Mineral oil refining
- Industries
- Coming Soon
- Region
- Scotland
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 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 29 | 89% | 6% | 5% | 25% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 29 | 91% | 4% | 5% | 23% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 29 | 89% | 5% | 6% | 28% |
| 01 Jul 2022 - 31 Dec 2022 | 19 Jan 2023 | 30 | 92% | 3% | 5% | 20% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 29 | 88% | 5% | 6% | 25% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 28 | 89% | 6% | 5% | 25% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 30 | 91% | 5% | 4% | 20% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 29 | 59% | 28% | 13% | 27% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 28 | 68% | 27% | 5% | 29% |
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
The Company negotiates and agrees payment terms with its suppliers as one element of its procurement process. As a result, payment terms vary by supplier. The most common payment term in place is 30 days end of month, although payment terms range from payment on receipt to 64 days, end of month.
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
90
Dispute Resolution Process
Supplier invoices and payments are managed by our Accounts Payable team. Disputed invoices will be notified to the supplier by the individual who initiated the purchase transaction to ensure that they are investigated in a timely manner and resolved. Invoiced items that are subject to dispute will not be paid until resolution of the dispute, whereupon payment shall be made either within terms or in the next payment run, following resolution.
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
PETROINEOS MANUFACTURING SCOTLAND LIMITED is a leading energy company based in Scotland. The company is a joint venture between INEOS and PetroChina, formed in 2011. Their main focus is on the production, refining, and distribution of oil and chemical products.
The company's sustainability program aims to minimize their environmental impact and promote sustainable practices. They have implemented various measures such as reducing carbon emissions, improving energy efficiency, and investing in renewable energy sources. This has resulted in them achieving ISO 14001 certification for their environmental management system.
PETROINEOS offers a wide range of products and services including gasoline, diesel, aviation fuel, and chemicals. They have a network of over 1,200 fuel stations across the UK, providing fuel to both retail and commercial customers. Their chemical products are used in various industries such as healthcare, agriculture, and construction.
The key people at PETROINEOS include Chief Executive Officer, Brian Kelly, and Chairman, John Reece. They have a team of experienced professionals who are dedicated to the company's success and growth.
For more information on their products and services, customers can visit their website at www.petroineos.com. The company's registered office address is at 1 Greenwell Road, Grangemouth, FK3 8EX, United Kingdom.
In conclusion, PETROINEOS MANUFACTURING SCOTLAND LIMITED is a reputable energy company that is committed to sustainability and providing high-quality products and services. With their experienced team and strong focus on environmental responsibility, they continue to be a leader in the industry.
