Score of 83/100 qualifies for PaymentCheck Certification
| 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 2021 - 30 Jun 2021 | 30 Jul 2021 | 29 | 81% | 19% | 0% | 19% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Jul 2020 | 33 | 56% | 37% | 7% | 31% |
| 01 Jul 2019 - 31 Dec 2019 | 23 Jan 2020 | 28 | 81% | 16% | 3% | 19% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 25 | 73% | 25% | 2% | 27% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 28 | 75% | 20% | 5% | 25% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 22 | 88% | 11% | 1% | 20% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Generally the Company has standard payment terms of 30 days. However there are some contracts (typically those that have been in place for a number of years) that have payment terms of 14 days. Of the invoices that were paid after the agreed number of days, most relate to invoices that had payment terms of less than 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
30
Contact is preferably via email. Suppliers are directed to a shared mailbox with invoice queries. A complaint or concern will be address in a timely manner with the supplier concerned. However, such instances tend to be rare.
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
Harbour Energy plc is a Scottish-registered public limited company, formerly known as Premier Oil plc (renamed in 2021). Its registered nature of business is head office activities, reflecting its role as the parent company of the Harbour Energy group. The wider group operates in oil and gas exploration and production, with business units across the UK, Norway, Germany, the United States, Argentina, Mexico, North Africa and Southeast Asia. The company's registered office is in Edinburgh, while the group's head office is in London. As a holding entity, it does not itself carry out operational activities but sits at the top of a multinational energy group engaged in upstream oil and gas operations.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · harbourenergy.com