PETROLEUM EXPERTS LIMITED
Company Information
- Company Number
- SC126553
- Registered Address
- Petex House, 10 Logie Mill, Edinburgh, EH7 4HG
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 2 August 1990
- Nature of Business
- 72190 - Other research and experimental development on natural sciences and engineering
- Industries
- Coming Soon
- Region
- Scotland
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
PETROLEUM EXPERTS LIMITED demonstrates an excellent average payment time of 17 days, with 84% of invoices settled within 30 days. This indicates a consistent trend of prompt payments and efficient processing by the company. The trajectory suggests that most invoices are managed effectively within standard payment cycles.
Volatility Analysis
While 97% of payments are made within 60 days, a 7% overall late payment rate indicates some inconsistency in meeting initial due dates. The 3% of invoices extending beyond 60 days introduces a minor but identifiable risk of significant payment delays for a small portion of transactions. This suggests high reliability for most payments but a low-level, predictable risk for a small segment.
Summary Analysis
PETROLEUM EXPERTS LIMITED presents a highly favorable payment profile, characterized by rapid settlement for the vast majority of invoices. Suppliers can generally expect prompt payment; however, be prepared for a small possibility of 3% of invoices exceeding 60 days. Consider negotiating clear payment terms and potentially setting lower initial credit limits to mitigate this minor, long-tail risk.
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 Apr 2025 - 30 Sept 2025 | 29 Oct 2025 | 17 | 84% | 13% | 3% | 7% |
| 01 Oct 2024 - 31 Mar 2025 | 30 Apr 2025 | 15 | 90% | 10% | 0% | 8% |
| 01 Apr 2024 - 30 Sept 2024 | 31 Oct 2024 | 18 | 93% | 5% | 2% | 7% |
| 01 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 17 | 96% | 3% | 1% | 5% |
| 01 Apr 2023 - 30 Sept 2023 | 01 Nov 2023 | 20 | 96% | 4% | 0% | 3% |
| 01 Oct 2022 - 31 Mar 2023 | 27 Apr 2023 | 20 | 97% | 3% | 0% | 1% |
| 01 Apr 2022 - 30 Sept 2022 | 31 Oct 2022 | 21 | 96% | 4% | 1% | 2% |
| 01 Oct 2021 - 31 Mar 2022 | 22 Apr 2022 | 21 | 95% | 5% | 0% | 2% |
| 01 Apr 2021 - 30 Sept 2021 | 13 Oct 2021 | 24 | 90% | 10% | 0% | 9% |
| 01 Oct 2020 - 31 Mar 2021 | 09 Apr 2021 | 19 | 94% | 6% | 0% | 7% |
| 01 Apr 2020 - 30 Sept 2020 | 28 Oct 2020 | 18 | 96% | 4% | 1% | 4% |
| 01 Oct 2019 - 31 Mar 2020 | 24 Apr 2020 | 14 | 93% | 6% | 1% | 6% |
| 01 Apr 2019 - 30 Sept 2019 | 29 Oct 2019 | 18 | 90% | 9% | 1% | 10% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 23 | 82% | 15% | 3% | 17% |
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
Net payment by bank transfer due by XX/XX/XXXX (XX Days) Please do not make any deductions to the total amount. If tax applies and it has not been added, please contact XX directly before proceeding with the payment.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
The laws of Scotland shall govern this Agreement. All disputes in connection with this Agreement shall be finally settled under the Rules of Conciliation and Arbitration of the International Chamber of Commerce by one or more arbitrators appointed in accordance with the Rules. The place of arbitration shall be Edinburgh, Scotland.
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.
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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.
❌
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
PETROLEUM EXPERTS LIMITED is an active private limited company that operates as petroleum experts
This structure indicates a commercial organisation providing specialised expertise within the petroleum sector
Incorporated on 2 August 1990, the company holds the registration number SC126553
Its registered office is located at Petex House, 10 Logie Mill, Edinburgh, EH7 4HG, placing its operations within Scotland
Private limited companies operating as petroleum experts in the UK market typically specialise in providing professional services and solutions to the oil and gas industry
This often encompasses areas such as reservoir simulation, production analysis, and expert technical consultancy
