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Their own payment-practices filing · gov.uk

How long does Chevron Marine Limited take to pay its suppliers?

CRN 04572533 · 2 statutory reports on record · period to 31 Dec 2018

16days
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.

Share
Dated record. The latest report covers a period ending 31 Dec 2018 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

Terms vs reality

Stated terms: 1–60 days. Reported average: 16.

Stated terms1–60d
+15 days
Reported avg16d

At a glance

The key figures

1–60d
their stated terms
0%
invoices paid outside terms

Vs peers · latest reported averages

fasterslower
Faster than 89% of large companies reporting.

Where their supplier invoices land · latest period

within 30 days 64% 31–60 days 29% 61+ days 7%

The read · computed from their figures

Chevron Marine Limited has filed 2 statutory payment periods (earliest H1 2018). Their latest report puts the average at 16 days against stated terms of 1–60 days.

In the latest period 0% of invoices were paid outside their agreed terms, and 7% landed 61+ days out.

What they tell their suppliers

Offers e-invoicing

In their own words · from the filing

Standard payment terms

Suppliers are paid within 60 days from receipt of a correctly prepared and adequately supported invoice, unless the transaction relates to an industry standard contract. In the Shipping industry freight is customarily paid promptly after discharge. Intercompany invoices meeting the minimum payable balance per company policy are settled on the 25th of the following month. Intercompany invoices not meeting the minimum payable balance per company policy are paid twice a year in March and September.

Dispute resolution

The company has an online portal https://cips.chevron.com for contractors to submit invoice queries and obtain payment remittance advices. The Supplier Relations team will verify reasons for non-payment and escalate to the Accounts Payable team if not able to resolve the query through this means. Alternatively, for contracts not operated via the portal, disputes are investigated by the Accounts Payable team who communicate with the vendors via email or phone until resolution is reached.

Other information

Freight is settled promptly after discharge which is the industry standard. Non- voyage services related invoices are settled in line with payment terms agreed as part of each individual contract.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H2 2018160%7%30 Jan 2019
H1 201840%10%27 Jul 2018

Working-capital effect

What a 16-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 16-day vs a 1-day payment cycle.

≈ £6,500
of invoicing outstanding at any one time on a 16-day cycle — about £5,900 more than the same account would carry at 1-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

What's their typical pay point?
Their latest reports average around day 16. 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 Chevron Marine Limited (free)

Their next payment report is due ≈ 29 Jul 2019. 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 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-04572533 · latest period to 31 Dec 2018

Verify the original Companies House file

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