GOV.UK
ENDEAVOUR ENERGY UK LIMITED
Company number: 05030838
Reporting period:
1 January 2018
to 30 June 2018
This report was filed on 27 July 2018
and approved by Catherine L. Stubbs
Payment statistics
Average time taken to pay invoices: 15 days
Invoices paid:
- within 30 days: 99%
- in 31 to 60 days: 1%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 0 %
Payment terms
Shortest standard payment period
10 days
Longest standard payment period
30 days
Standard payment terms
We do not have standard payment terms. Our most frequent payment terms are Due on Receipt, Net 10 days, Net 15 days, and Net 30 days, based on the due dates as shown on the invoice received.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
If there is no due date shown on the invoice, payment will be determined on the type of contract. Administrative invoices are paid Net 30 days. All other types of invoices are paid Due on Receipt.
If the invoice is received after the stated due date, payment terms are Due on Receipt.
Dispute resolution process
Accounts payable personnel initiate contact with the vendor to resolve disputes. Subsequent discussions are handled by the Accounting Manager. For invoices from the joint operators of oil and gas properties, payments are made by the due date and any disputes are handled between the appropriate department and the vendor. Any necessary adjustments will be made on future billings.
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.No
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