Their own payment-practices filing · gov.uk
Premier Oil E&P UK Limited paid suppliers in 29 days on average — within its stated 14–30 day terms
Their H1 2021 filing put the average 15 days past the shortest term they state (14 days), still within their 30-day upper term.
- Their stated terms
- 14–30 days
- Paid outside agreed terms
- 31% of invoices
- Paid after 61+ days
- 1%
- Reporting period
- 1 Jan 2021 – 30 Jun 2021
- Source
- their gov.uk filing, filed 30 Jul 2021
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2021 filing
Paid within their stated range — 29 against 14–30 days
Where their invoices landed · share of all invoices
The pattern · last 6 of 7 reports
Held steady around 29 days
The read · computed from their figures
Premier Oil E&P UK Limited's H1 2021 filing put their average at 29 days against stated terms of 14–30 days; 31% of invoices were paid outside agreed terms and 1% took 61 days or longer. Filed 30 Jul 2021.
The pattern is steady — their reported average moves within about ±1 days period to period.
That is 7 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 payment terms are 30 days from receipt of correct and fully supported Supplier invoice, in electronic format. Joint Venture invoices are paid on earlier contracted due dates – usually 10 working days, which is 14 days elapsed, this accounts for less than 1% of all our invoices paid.. Direct debit Supplier payments normally debit our bank account earlier than 30 days from invoice receipt. Supplier credit notes are paid/taken earlier, as soon as they can be offset against payments.
Dispute resolution
Contact is preferably via email. Suppliers are directed to a shared mailbox with invoice queries. The AP team attend to correspondence relating to overdue or disputed invoices promptly. Technical queries are often handled directly by non- Finance personnel. Non-compliant invoices are not entered in our P2P system but are returned to Suppliers with reasons stated on a cover letter. These invoices must be resubmitted correctly and payment terms begin from resubmission date
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2021 | 29 | 31% | 1% | 30 Jul 2021 |
| H2 2020 | 28 | 24% | 1% | 28 Jan 2021 |
| H1 2020 | 28 | 37% | 1% | 27 Jul 2020 |
| H2 2019 | 27 | 23% | 1% | 23 Jan 2020 |
| H1 2019 | 29 | 34% | 1% | 25 Jul 2019 |
| H2 2018 | 28 | 36% | 1% | 28 Jan 2019 |
| H1 2018 | 30 | 47% | 1% | 30 Jul 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 2 Nov 1992
- Registered office
- 151 BUCKINGHAM PALACE ROAD, LONDON, SW1W 9SZ
Illustrative · working-capital arithmetic
What a 29-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 29-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 · Premier Oil E&P UK 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-02761032 · latest period to 30 Jun 2021
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