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Their own payment-practices filing · gov.uk

How long does BP Exploration (Caspian Sea) Limited take to pay its suppliers?

CRN 00404347 · Mining & quarrying · 17 statutory reports on record · period to 30 Jun 2026

17days
their reported average time to pay suppliers, latest period
Faster than mostvs a 31-day median across 6,185 recent filers

Self-reported figure from their statutory filing. How this is compiled.

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On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
11 Feb 1946
Registered office
CHERTSEY ROAD, MIDDLESEX, TW16 7BP
0 outstanding charges on the register Accounts due 30 Sept 2026

Open the full record at Companies House.

Terms vs reality

Stated terms: 14–60 days. Reported average: 17.

Stated terms14–60d
+3 days
Reported avg17d

At a glance

The key figures

14–60d
their stated terms
20%
invoices paid outside terms
-10d
faster over the window
±6d
variable pattern

Vs peers · latest reported averages

fasterslower
Faster than 87% of the 100 large companies reporting in mining & quarrying.

The pattern

Getting faster

Average days to pay across their last 6 statutory reports.

terms 14d
27
28
28
18
18
17
H2 2023H1 2024H2 2024H1 2025H2 2025H1 2026

Where their supplier invoices land · latest period

within 30 days 97% 31–60 days 3% 61+ days 0%

The read · computed from their figures

BP Exploration (Caspian Sea) Limited has filed 17 statutory payment periods (earliest H1 2018). Their latest report puts the average at 17 days against stated terms of 14–60 days.

The direction is faster: from 27 to 17 days over the window — about 10 days faster.

In the latest period 20% of invoices were paid outside their agreed terms, and 0% landed 61+ days out.

What they tell their suppliers

Payment code: The Prompt Payment Code Offers e-invoicing 4% of invoices in dispute

In their own words · from the filing

Standard payment terms

0-60 Days

Dispute resolution

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 information

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 Daily basis; where this is the case payments will normally be received by the supplier within a few days of the due date.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 20261720%0%30 Jul 2026
H2 20251816%0%29 Jan 2026
H1 20251815%1%30 Jul 2025
H2 20242813%1%31 Jan 2025
H1 20242817%1%29 Jul 2024
H2 20232714%1%30 Jan 2024
H1 20232712%5%24 Jul 2023
H2 20222922%1%27 Jan 2023
H1 20222915%1%29 Jul 2022
H2 2021276%1%26 Jan 2022
H1 2021269%1%27 Jul 2021
H2 20202611%1%25 Jan 2021
H1 20203025%3%29 Jul 2020
H2 20192613%2%29 Jan 2020
H1 20192712%1%26 Jul 2019
H2 20182512%1%30 Jan 2019
H1 2018259%0%27 Jul 2018

Working-capital effect

What a 17-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 17-day vs a 14-day payment cycle.

≈ £6,500
of invoicing outstanding at any one time on a 17-day cycle — about £1,200 more than the same account would carry at 14-day terms.

Late Payment Act. The Late Payment of Commercial Debts Act lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.

Quick answers

Are they getting slower or faster?
Their reported average has moved about 10 days faster over the window (27 → 17 days).
What's their typical pay point?
Their latest reports average around day 17, moving within about ±6 days. Treat that as a historical reference point, not a promise for a new invoice.
Can I see what this means for my invoices?
Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.

Stay ahead

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More large companies in mining & quarrying

BP Exploration (Azerbaijan) Limited · BP Exploration (Delta) Limited · BP Exploration (Angola) Limited · BP Exploration (Epsilon) Limited · BP Exploration (Alpha) Limited · BP Exploration Operating Company Limited

How UK payment reporting works

What is a Payment Practices Report?
UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.
What does "paid outside agreed terms" mean?
The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.
How often is this data updated?
Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.
Is this official government data?
The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-00404347 · latest period to 30 Jun 2026

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