The average time taken for ARGENT ENERGY (UK) LIMITED to pay invoices has fluctuated over the past three periods, with a slight increase in 2020 compared to 2019.
The company's average time to pay has varied by 17.5% over the past three periods, with the largest change occurring between 2019 and 2020.
| 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 2024 - 31 Dec 2024 | 30 Jan 2025 | 36 | 61% | 21% | 18% | 45% |
| 01 Jul 2020 - 31 Dec 2020 | 22 Jan 2021 | 44 | 70% | 22% | 8% | 30% |
| 01 Jan 2020 - 30 Jun 2020 | 23 Sept 2020 | 33 | 67% | 26% | 7% | 33% |
| 01 Jul 2019 - 31 Dec 2019 | 23 Sept 2020 | 42 | 55% | 33% | 12% | 45% |
| 01 Jan 2019 - 30 Jun 2019 | 02 Jan 2020 | 27 | 72% | 24% | 4% | 28% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Aug 2019 | 25 | 81% | 15% | 3% | 18% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 27 | 83% | 9% | 8% | 8% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 Days
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
Disputes arising shall be referred in writing to the Supplier's Representative to reach an amicable solution for both parties. Where the dispute cannot be resolved to an amicable solution for both parties, this will then be escalated to the respective Directors of each party.
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
ARGENT ENERGY (UK) LIMITED is a leading biofuel production company based in the United Kingdom. They specialize in converting waste cooking oil and fats into sustainable biofuels, reducing the reliance on fossil fuels and promoting a more environmentally friendly energy source.
The company's sustainability program focuses on reducing carbon emissions and promoting sustainable practices throughout their operations. This includes sourcing their raw materials from sustainable suppliers, implementing energy-efficient processes, and continuously monitoring and reducing their environmental impact.
ARGENT ENERGY offers a range of biofuels, including biodiesel and bioethanol, that can be used as alternative fuels for transportation, heating, and electricity generation. These products provide a cleaner and more sustainable energy solution for businesses and individuals.
The key people at ARGENT ENERGY include their CEO, Mark Roberts, who has over 20 years of experience in the energy industry, and their Chief Operating Officer, Andy Hunter, who has extensive knowledge in biofuels and sustainability.
For more information on their products and services, or to inquire about their sustainability efforts, you can visit their website at www.argentenergy.com. Their registered office address is at 1st Floor, Westwood House, 34 Westwood Road, London, W3 9BP, United Kingdom.
In summary, ARGENT ENERGY (UK) LIMITED is a pioneering biofuel company in the UK, committed to promoting sustainability and providing environmentally friendly energy solutions. With their innovative approach and experienced team, they are leading the way in the transition towards a greener future.
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