Their own payment-practices filing · gov.uk
BP Exploration (Alpha) Limited paid suppliers in 28 days on average — inside its 30-day stated terms
Their H1 2020 filing put the average 2 days inside their stated 30-day term.
- Their stated terms
- 30 days
- Paid outside agreed terms
- 3% of invoices
- Paid after 61+ days
- 3%
- Reporting period
- 1 Jan 2020 – 30 Jun 2020
- Source
- their gov.uk filing, filed 29 Jul 2020
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2020 filing
Paid 2 days inside the 30-day term they state
Where their invoices landed · share of all invoices
The pattern · last 5 of 5 reports
Held steady around 28 days
The read · computed from their figures
BP Exploration (Alpha) Limited's H1 2020 filing put their average at 28 days against stated terms of 30 days; 3% of invoices were paid outside agreed terms and 3% took 61 days or longer. Filed 29 Jul 2020.
The pattern is steady — their reported average moves within about ±3 days period to period.
That is 5 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
Standard contractual terms for the payment to suppliers are 30 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 BACS transfers to suppliers arrive in the supplier’s bank account two business days after leaving the company’s bank account, 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 2020 | 28 | 3% | 3% | 29 Jul 2020 |
| H2 2019 | 25 | 2% | 0% | 29 Jan 2020 |
| H1 2019 | 25 | 34% | 1% | 29 Jul 2019 |
| H2 2018 | 31 | 62% | 3% | 30 Jan 2019 |
| H1 2018 | 29 | 58% | 2% | 27 Jul 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 16 Aug 1971
- Registered office
- CHERTSEY ROAD, MIDDLESEX, TW16 7BP
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How UK payment reporting works
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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-01021007 · latest period to 30 Jun 2020
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