ITHACA ENERGY (UK) LIMITED
Company Information
- Company Number
- SC272009
- Registered Address
- 13 Queen's Road, Aberdeen, AB15 4YL
- Status
- Active
- Employee Count
- 519
- Turnover
- £786,463,000
- EBITDA
- £237,604,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 16 August 2004
- Nature of Business
- 06100 - Extraction of crude petroleum
- Industries
- Property,Infrastructure And Construction
- Region
- Aberdeen
Time to Pay
Payment Timeline
Payment Features
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 | 13 Aug 2025 | 37 | 60% | 30% | 10% | 0% |
| 01 Jul 2024 - 31 Dec 2024 | 04 Feb 2025 | 30 | 78% | 19% | 3% | 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 Jan 2022 - 30 Jun 2022 | 25 Aug 2022 | 32 | 76% | 19% | 5% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 03 Aug 2021 | 36 | 66% | 26% | 8% | 0% |
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
Standard payment terms are 30 days from receipt of a correctly prepared and adequately supported invoice.
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
Dispute Resolution Process
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.
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
ITHACA ENERGY (UK) LIMITED is an oil and gas company based in the United Kingdom
They are committed to conducting their business in a sustainable manner and have implemented a sustainability program to reduce their environmental impact.\n\nThe company's main focus is on the exploration, development, and production of oil and gas reserves in the North Sea
They also have interests in renewable energy projects, with a goal to transition to a more sustainable energy mix.\n\nTheir key products and services include oil and gas production, drilling and exploration, and decommissioning services
They also offer consulting services to other companies in the energy sector.\n\nThe company is led by a team of experienced professionals, including CEO Les Thomas and CFO David Crawford
They are supported by a dedicated team of employees who are committed to the company's sustainability goals.\n\nFor more information on ITHACA ENERGY (UK) LIMITED, their products and services, and their sustainability efforts, you can visit their website at www.ithacaenergy.com
Their registered office address is 1st Floor, 10 Crombie Avenue, Westhill, Aberdeen, AB32 6NL, United Kingdom
