| 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 2025 - 31 Dec 2025 | 02 Feb 2026 | 34 | 72% | 20% | 8% | 0% |
| 01 Jan 2025 - 30 Jun 2025 | 13 Aug 2025 | 37 | 60% | 30% | 10% | 0% |
| 01 Jul 2024 - 31 Dec 2024 | 04 Feb 2025 | 30 | 78% | 19% | 3% | 0% |
| 01 Jan 2024 - 30 Jun 2024 | 04 Dec 2024 | 29 | 87% | 11% | 2% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 18 Jan 2024 | 32 | 79% | 17% | 4% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 10 Jul 2023 | 32 | 79% | 17% | 4% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 32 | 72% | 22% | 5% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Aug 2022 | 32 | 76% | 19% | 5% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 33 | 70% | 25% | 5% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 03 Aug 2021 | 36 | 66% | 26% | 8% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Each contract will be negotiated on its own merits, but 30 days is the standard
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
The company has an email address for vendors to submit invoice and payment queries. A system-generated remittance advice is issued directly to the vendor as part of the payment process. Any disputes will be escalated to the relevant person for resolution
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
Ithaca Energy (UK) Limited is an Aberdeen-registered company within the Ithaca Energy group, a North Sea oil and gas operator and producer. Its registered activity is extraction of crude petroleum. The wider group describes itself as one of the largest independent oil and gas operators in the UK North Sea by production and resources, holding stakes in several major North Sea fields including Rosebank and Cambo. The group completed a business combination with Eni UK in October 2024, expanding its portfolio of oil and gas assets. This entity forms part of that operating structure, contributing to the group's exploration and production activities in the UK Continental Shelf, rather than being the ultimate parent company, which is Ithaca Energy plc.
Generated from the company's website and Companies House records. Sources: ithacaenergy.com · ithacaenergy.com