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Their own payment-practices filing · gov.uk

How long does Nexen Petroleum U.k. Limited take to pay its suppliers?

CRN 01051137 · Mining & quarrying · 17 statutory reports on record · period to 30 Jun 2026

27days
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
24 Apr 1972
Registered office
SECOND FLOOR, BUILDING 3 ARC UXBRIDGE, UXBRIDGE, UB8 1DH
0 outstanding charges on the register Accounts due 30 Sept 2027

Open the full record at Companies House.

Terms vs reality

Stated terms: 10–30 days. Reported average: 27.

Stated terms10–30d
+17 days
Reported avg27d

At a glance

The key figures

10–30d
their stated terms
9%
invoices paid outside terms
±0d
steady pattern

Vs peers · latest reported averages

fasterslower
Faster than 73% of the 100 large companies reporting in mining & quarrying.

The pattern

Holding steady

Average days to pay across their last 6 statutory reports.

terms 10d
28
28
27
27
27
27
H2 2023H1 2024H2 2024H1 2025H2 2025H1 2026

Where their supplier invoices land · latest period

within 30 days 92% 31–60 days 7% 61+ days 1%

The read · computed from their figures

Nexen Petroleum U.k. Limited has filed 17 statutory payment periods (earliest H1 2018). Their latest report puts the average at 27 days against stated terms of 10–30 days.

The pattern is steady — their reported average moves within about ±0 days period to period.

In the latest period 9% of invoices were paid outside their agreed terms, and 1% landed 61+ days out.

What they tell their suppliers

Payment code: NSTA Stewardship Expectation 12 “Supply Chain Collaboration and Corporation” which includes 30 day payment terms Offers e-invoicing 41% of invoices in dispute

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.

PeriodAvg daysOutside terms61+ daysFiled
H1 2026279%1%28 Jul 2026
H2 2025276%1%28 Jan 2026
H1 2025276%0%31 Jul 2025
H2 2024275%1%28 Jan 2025
H1 2024287%1%25 Jul 2024
H2 2023286%1%29 Jan 2024
H1 2023287%1%24 Jul 2023
H2 2022276%0%23 Jan 2023
H1 2022276%1%21 Jul 2022
H2 2021276%0%31 Jan 2022
H1 2021286%0%28 Jul 2021
H2 2020286%0%27 Jan 2021
H1 20202910%1%29 Jul 2020
H2 2019289%1%29 Jan 2020
H1 20192811%1%29 Jul 2019
H2 2018279%0%28 Jan 2019
H1 20182922%2%30 Jul 2018

Working-capital effect

What a 27-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 27-day vs a 10-day payment cycle.

≈ £10,500
of invoicing outstanding at any one time on a 27-day cycle — about £6,700 more than the same account would carry at 10-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 is steady — within about ±0 days period to period, around 27 days.
What's their typical pay point?
Their latest reports average around day 27, moving within about ±0 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

Watch Nexen Petroleum U.k. Limited (free)

Their next payment report is due ≈ 26 Jan 2027. We watch their public record and email you when something changes — a new payment report, late filings, insolvency markers, new charges.

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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?
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-01051137 · latest period to 30 Jun 2026

Verify the original Companies House file

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