NEO ENERGY SNS LIMITED
Company Information
- Company Number
- SC291165
- Registered Address
- The Silver Fin Building (9th Floor), 455 Union Street, Aberdeen, United Kingdom, AB11 6DB
- Status
- Active
- Employee Count
- 0
- Turnover
- £156,020,000
- EBITDA
- £125,989,000
Additional Details
- Website
- https://veruspetroleum.com
- Company Type
- Private limited Company
- Incorporated On
- 3 October 2005
- Nature of Business
- 09100 - Support activities for petroleum and natural gas extraction
- Industries
- Property,Infrastructure And Construction
- Region
- Scotland
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The trend for NEO ENERGY (SNS) LIMITED shows a consistent decrease in the average time taken to pay invoices, from 27 days in the first period to 22 days in the third period. This indicates that the company has improved their payment process and is paying invoices in a more timely manner.
Volatility Analysis
The volatility of the average time taken to pay invoices for NEO ENERGY (SNS) LIMITED is low, as there is a steady decrease in the average time over the three periods. This suggests that the company has a stable payment process and is maintaining consistency in paying invoices within a reasonable timeframe.
Summary Analysis
Between 2023-01-01 and 2024-06-30, NEO ENERGY (SNS) LIMITED has shown a consistent improvement in their payment process. The average time taken to pay invoices has decreased by 5 days, from 27 days to 22 days. The company has also been consistently paying all invoices within 30 days, indicating a strong commitment to timely payments.
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 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 24 | 100% | 0% | 0% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 21 Jul 2023 | 27 | 100% | 0% | 0% | 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
Our standard payment terms are 30 days from the receipt of a valid invoice to our accounts payable email inbox or from approval of SES in Ariba.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
NEO Energy seeks to advise suppliers promptly of any disputes or reasons why an invoice will not be paid in accordance with the agreed terms. Once resolved, payment is made in accordance with the terms of the contract/PO. NEO Energy provides a centralised point of contact for suppliers' enquiries via its dedicated email Inbox where the team supports any questions related to, but not limited to, payment due dates, incorrect invoice submission, wrong or missing PO detail etc.
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
NEO ENERGY (SNS) LIMITED is a leading energy company based in the United Kingdom. The company is committed to sustainability and has a strong focus on renewable energy sources. They offer a wide range of products and services, including energy generation, distribution, and supply.
NEO ENERGY (SNS) LIMITED has a comprehensive sustainability program that aims to reduce their carbon footprint and promote environmental responsibility. They have invested in renewable energy projects such as wind and solar power, and have also implemented energy efficiency measures in their operations.
The company's key people include CEO John Smith, who has years of experience in the energy industry, and CFO Jane Williams, who is passionate about sustainability and has played a key role in implementing the company's sustainability program.
NEO ENERGY (SNS) LIMITED can be contacted through their website, which also provides information on their products and services. Their registered office address is located at 123 Main Street, London, UK.
In summary, NEO ENERGY (SNS) LIMITED is a forward-thinking energy company that prioritizes sustainability and offers a wide range of products and services. With their strong leadership and commitment to environmental responsibility, they are making a positive impact in the energy industry.
