Their own payment-practices filing · gov.uk
BP Exploration (Caspian Sea) Limited pays suppliers in 17 days on average — within its stated 14–60 day terms
Their H1 2026 filing puts the average 3 days past the shortest term they state (14 days), still within their 60-day upper term.
- Their stated terms
- 14–60 days
- Paid outside agreed terms
- 20% of invoices
- Paid after 61+ days
- 0%
- Reporting period
- 1 Jan 2026 – 30 Jun 2026
- Source
- their gov.uk filing, filed 30 Jul 2026
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2026 filing
Paid within their stated range — 17 against 14–60 days
Where their invoices landed · share of all invoices
The pattern · last 6 of 17 reports
27 → 17 days — getting faster
The read · computed from their figures
BP Exploration (Caspian Sea) Limited's H1 2026 filing puts their average at 17 days against stated terms of 14–60 days; 20% of invoices were paid outside agreed terms and 0% took 61 days or longer. Filed 30 Jul 2026.
The direction is faster: from 27 days in H2 2023 to 17 now — 10 days faster across their last 6 reports.
On the latest reported averages: Faster than 88% of the 97 large companies reporting in mining & quarrying.
That is 17 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.
What they tell their suppliers
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.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2026 | 17 | 20% | 0% | 30 Jul 2026 |
| H2 2025 | 18 | 16% | 0% | 29 Jan 2026 |
| H1 2025 | 18 | 15% | 1% | 30 Jul 2025 |
| H2 2024 | 28 | 13% | 1% | 31 Jan 2025 |
| H1 2024 | 28 | 17% | 1% | 29 Jul 2024 |
| H2 2023 | 27 | 14% | 1% | 30 Jan 2024 |
| H1 2023 | 27 | 12% | 5% | 24 Jul 2023 |
| H2 2022 | 29 | 22% | 1% | 27 Jan 2023 |
| H1 2022 | 29 | 15% | 1% | 29 Jul 2022 |
| H2 2021 | 27 | 6% | 1% | 26 Jan 2022 |
| H1 2021 | 26 | 9% | 1% | 27 Jul 2021 |
| H2 2020 | 26 | 11% | 1% | 25 Jan 2021 |
| H1 2020 | 30 | 25% | 3% | 29 Jul 2020 |
| H2 2019 | 26 | 13% | 2% | 29 Jan 2020 |
| H1 2019 | 27 | 12% | 1% | 26 Jul 2019 |
| H2 2018 | 25 | 12% | 1% | 30 Jan 2019 |
| H1 2018 | 25 | 9% | 0% | 27 Jul 2018 |
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
Illustrative · working-capital arithmetic
What a 17-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 17-day vs a 14-day payment cycle.
Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 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 · BP Exploration (Caspian Sea) Limited
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How UK payment reporting works
What is a Payment Practices Report?
What does "paid outside agreed terms" mean?
How often is this data updated?
Is this official government data?
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 6,104 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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