Their own payment-practices filing · gov.uk

Phillips 66 CS Limited paid suppliers in 15 days on average — 13 days past its stated terms

CRN 02809975 · 9 statutory reports on record · period to 30 Jun 2022

Dated record. The latest report covers a period ending 30 Jun 2022 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

15daysavg time to pay · H1 2022

Their H1 2022 filing put the average 13 days past the 2-day term they state.

Their stated terms: 2 days
Paid outside agreed terms: 12% of invoices
Paid after 61+ days: 2%
Reporting period: 1 Jan 2022 – 30 Jun 2022
Source: their gov.uk filing, filed 25 Jul 2022

Self-reported figures from their statutory filing. How this is compiled.

Terms vs reality · their H1 2022 filing

Paid 13 days past their stated terms

PAIDLATE · terms vs the clockdays to pay · 0–40

avg 15d

0 days40 days

reported avg 15 days their filed terms 2 days UK median 31 days · n = 6,104 recent filers

Where their invoices landed · share of all invoices

within 30 days 93% 31–60 days 5% 61+ days 2%

Source: their statutory Payment Practices Report #60036, period 1 Jan 2022 – 30 Jun 2022, filed 25 Jul 2022 · gov.uk payment-practices service

Phillips 66 CS Limited paid 13 days past its own stated terms. 12% of invoices still went outside agreed terms; 2% reached 61 days or more. Self-reported in their statutory H1 2022 filing.

The pattern · last 6 of 9 reports

Held steady around 15 days

PAIDLATE · the patternavg days per report

Last 6 of 9 filed reports · linear day scale · every period is in the table below · Source: gov.uk payment-practices service

Steady around 15 days. Their reported average has moved within about ±3 days period to period; the dashed line marks the 2-day term they state.

The read · computed from their figures

Phillips 66 CS Limited's H1 2022 filing put their average at 15 days against stated terms of 2 days; 12% of invoices were paid outside agreed terms and 2% took 61 days or longer. Filed 25 Jul 2022.

The pattern is steady — their reported average moves within about ±3 days period to period.

That is 9 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.

In their own words · from the filing

Standard payment terms

Standard contractual terms relating to payment for the procurement of goods and/or services is 30 days from receipts of the invoice. In the commodities traded market Phillips 66 uses industry standard terms which are negotiated with the suppliers as part of contractual negotiations

Dispute resolution

Phillips 66 Vendors can use the Actian website that allows suppliers to view and monitor their account information, and a 24-hour hotline accounts payable call centre. Queries relating to the payment of invoices should, in the first instance be raised through the Actian website or the account payable hotline, we also have an email address [email protected] for vendor to follow up on queries. Queries relating to the payment of invoices can also be directed to the individual responsible for the managing of the contract to which such invoice relates.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H1 2022	15	12%	2%	25 Jul 2022
H2 2021	19	17%	8%	28 Jan 2022
H1 2021	14	3%	1%	30 Jul 2021
H2 2020	15	9%	1%	28 Jan 2021
H1 2020	16	7%	2%	30 Jul 2020
H2 2019	17	11%	2%	24 Jan 2020
H1 2019	18	10%	2%	19 Jul 2019
H2 2018	19	13%	2%	28 Jan 2019
H1 2018	18	13%	2%	27 Jul 2018

Illustrative · working-capital arithmetic

What a 15-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 15-day vs a 2-day payment cycle.

≈ £6,000

of invoicing outstanding at any one time on a 15-day cycle — about £5,100 more than the same account would carry at 2-day terms.

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 · Phillips 66 CS Limited

Are they getting slower or faster?

Their reported average was steady — within about ±3 days period to period, around 15 days.

What's their typical pay point?

Their latest reports averaged around day 15, moving within about ±3 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 Phillips 66 CS Limited (free)

They haven’t filed a payment report since 25 Jul 2022. 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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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 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-02809975 · latest period to 30 Jun 2022

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