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Their own payment-practices filing · gov.uk

Ithaca Energy (UK) Limited pays suppliers in 28 days on average — within its stated 10–30 day terms

CRN SC272009 · Mining & quarrying · 11 statutory reports on record · period to 30 Jun 2026

28daysavg time to pay · H1 2026

Their H1 2026 filing puts the average 18 days past the shortest term they state (10 days), still within their 30-day upper term.

Faster than mostvs a 31-day median across 6,104 recent filers
Their stated terms
10–30 days
Paid outside agreed terms
0% of invoices
Paid after 61+ days
4%
Reporting period
1 Jan 2026 – 30 Jun 2026
Source
their gov.uk filing, filed 31 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 — 28 against 10–30 days

The pattern · last 6 of 11 reports

32 → 28 days — getting faster

The read · computed from their figures

Ithaca Energy (UK) Limited's H1 2026 filing puts their average at 28 days against stated terms of 10–30 days; 0% of invoices were paid outside agreed terms and 4% took 61 days or longer. Filed 31 Jul 2026.

The direction is faster: from 32 days in H2 2023 to 28 now — 4 days faster across their last 6 reports.

On the latest reported averages: Faster than 69% of the 97 large companies reporting in mining & quarrying.

That is 11 statutory periods on record (earliest H1 2021) — a historical record, not a promise for a new invoice.

What they tell their suppliers

Payment code: OEUK Procure to Pay Good Practice Guide Offers e-invoicing

In their own words · from the filing

Standard payment terms

Each contract will be negotiated on its own merits, but 30 days is the standard

Dispute resolution

The company has an email address for vendors to submit invoice and payment queries. A system-generated remittance advice is issued directly to the vendor as part of the payment process. Any disputes will be escalated to the relevant person for resolution.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 2026280%4%31 Jul 2026
H2 2025340%8%2 Feb 2026
H1 2025370%10%13 Aug 2025
H2 2024300%3%4 Feb 2025
H1 2024290%2%4 Dec 2024
H2 2023320%4%18 Jan 2024
H1 2023320%4%10 Jul 2023
H2 2022320%5%31 Jan 2023
H1 2022320%5%25 Aug 2022
H2 2021330%5%27 Jan 2022
H1 2021360%8%3 Aug 2021

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
16 Aug 2004
Registered office
13 QUEEN'S ROAD, ABERDEEN, AB15 4YL
16 outstanding charges — secured borrowing registered Accounts due 30 Sept 2026 — overdue

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 28-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 28-day vs a 10-day payment cycle.

≈ £11,000
of invoicing outstanding at any one time on a 28-day cycle — about £7,100 more than the same account would carry at 10-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 · Ithaca Energy (UK) Limited

Are they getting slower or faster?
Their reported average has moved about 4 days faster over the window (32 → 28 days).
What's their typical pay point?
Their latest filed report puts the average at day 28; across their last 6 reports it ranged 28–37 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.
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More large companies in mining & quarrying

Ineos UK SNS Limited · Javelin Global Commodities (UK) Ltd · Ineos UK E&P Holdings Limited · John Wainwright & Co. Limited · Ineos FPS Limited · JX Nippon Exploration and Production (U.K.) Limited

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-SC272009 · latest period to 30 Jun 2026

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