Their own payment-practices filing · gov.uk
Nexen Petroleum U.K. Limited pays suppliers in 27 days on average — within its stated 10–30 day terms
Their H1 2026 filing puts the average 17 days past the shortest term they state (10 days), still within their 30-day upper term.
- Their stated terms
- 10–30 days
- Paid outside agreed terms
- 9% of invoices
- Paid after 61+ days
- 1%
- Reporting period
- 1 Jan 2026 – 30 Jun 2026
- Source
- their gov.uk filing, filed 28 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 — 27 against 10–30 days
Where their invoices landed · share of all invoices
The pattern · last 6 of 17 reports
Holding steady around 27 days
The read · computed from their figures
Nexen Petroleum U.K. Limited's H1 2026 filing puts their average at 27 days against stated terms of 10–30 days; 9% of invoices were paid outside agreed terms and 1% took 61 days or longer. Filed 28 Jul 2026.
The pattern is steady — their reported average moves within about ±0 days period to period.
On the latest reported averages: Faster than 74% 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
The standard payment term for third party invoices is 30 days. There are shorter payment terms for a very small number of contracts. Intercompany invoices are generally settled annually although some payments are settled more frequently.
Dispute resolution
The Accounts Payable team is responsible for communicating on invoices that are in dispute to vendors. o If an invoice is incorrect or has been rejected by the business, the Accounts Payable assistant will return the invoice to the vendor by email with a covering letter explaining the reason for the rejection. o If the query is something that can be resolved quickly, the Accounts Payable assistant will contact the vendor by phone or email to request the relevant information. The invoice reviewer also sometimes contacts the vendor directly for clarification. o For invoices that are submitted electronically via OpenInvoice (third party web-based system) a note is entered in OpenInvoice to explain the reason for the dispute and sent electronically to the vendor. o The vendor is expected
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2026 | 27 | 9% | 1% | 28 Jul 2026 |
| H2 2025 | 27 | 6% | 1% | 28 Jan 2026 |
| H1 2025 | 27 | 6% | 0% | 31 Jul 2025 |
| H2 2024 | 27 | 5% | 1% | 28 Jan 2025 |
| H1 2024 | 28 | 7% | 1% | 25 Jul 2024 |
| H2 2023 | 28 | 6% | 1% | 29 Jan 2024 |
| H1 2023 | 28 | 7% | 1% | 24 Jul 2023 |
| H2 2022 | 27 | 6% | 0% | 23 Jan 2023 |
| H1 2022 | 27 | 6% | 1% | 21 Jul 2022 |
| H2 2021 | 27 | 6% | 0% | 31 Jan 2022 |
| H1 2021 | 28 | 6% | 0% | 28 Jul 2021 |
| H2 2020 | 28 | 6% | 0% | 27 Jan 2021 |
| H1 2020 | 29 | 10% | 1% | 29 Jul 2020 |
| H2 2019 | 28 | 9% | 1% | 29 Jan 2020 |
| H1 2019 | 28 | 11% | 1% | 29 Jul 2019 |
| H2 2018 | 27 | 9% | 0% | 28 Jan 2019 |
| H1 2018 | 29 | 22% | 2% | 30 Jul 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 24 Apr 1972
- Registered office
- SECOND FLOOR, BUILDING 3 ARC UXBRIDGE, UXBRIDGE, UB8 1DH
Illustrative · working-capital arithmetic
What a 27-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 27-day vs a 10-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 · Nexen Petroleum U.K. Limited
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More large companies in mining & quarrying
Neptune E&P UK Ltd · Nov Downhole Eurasia Limited · Neptune E&P UK Limited · NSMP Operations Limited · Neo Energy Production UK Limited · Ophir Energy PLC
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-01051137 · latest period to 30 Jun 2026
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