GOV.UK
BP ENERGY EUROPE LIMITED
Company number: SC107896
Reporting period:
1 July 2020
to 31 December 2020
This report was filed on 28 January 2021
and approved by Arturo Lopez
Payment statistics
Average time taken to pay invoices: 0 days
Invoices paid:
- within 30 days: 100%
- in 31 to 60 days: 0%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 0 %
Payment terms
Shortest standard payment period
20 days
Longest standard payment period
51 days
Standard payment terms
Standard contractual terms for the payment to suppliers are the later of
20 days after the end of the month in which the delivery occurs or 10 days
after receipt of invoice.
Payment not relating to commodity (gas&power) are usually due 30 days
after the receipt of the invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
51 days
Any other information about payment terms
Payment statistics disclosed in this report can be affected by a number of
different factors including payments made to other BP group companies
which are included within the data disclosed. Invoices are often reported
as due but not paid within agreed terms because contract payments due
on weekends or bank holidays are typically paid on the following business
day and the company typically initiates payments in batches, on a twice
weekly basis; where this is the case payments will normally be received
by the supplier within a few days of the due date.
Dispute resolution process
The Company will notify suppliers of any invoice disputes. The Company
and the supplier will endeavour to resolve all disputes by agreement of the parties. Once resolved, payment will be made in accordance with
agreed terms. If these discussions are unsuccessful, then the dispute will
be resolved by reference to arbitration or courts (as specified in the
contract).
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.Yes – Prompt Payment Code
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No