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Their own payment-practices filing · gov.uk

How long does Serica Energy Chinook Limited take to pay its suppliers?

CRN SC335305 · Mining & quarrying · 5 statutory reports on record · period to 30 Jun 2026

24days
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
14 Dec 2007
Registered office
H1 BUILDING, HILL OF RUBISLAW, ABERDEEN, AB15 6BY
4 outstanding charges — secured borrowing registered Accounts due 30 Sept 2026

Open the full record at Companies House.

Terms vs reality

Stated terms: 14–30 days. Reported average: 24.

Stated terms14–30d
+10 days
Reported avg24d

At a glance

The key figures

14–30d
their stated terms
17%
invoices paid outside terms
+4d
slower over the window
±3d
steady pattern

Vs peers · latest reported averages

fasterslower
Faster than 77% of the 100 large companies reporting in mining & quarrying.

The pattern

Getting slower

Average days to pay across their last 5 statutory reports.

terms 14d
20
19
20
23
24
H1 2024H2 2024H1 2025H2 2025H1 2026

Where their supplier invoices land · latest period

within 30 days 83% 31–60 days 17% 61+ days 0%

The read · computed from their figures

Serica Energy Chinook Limited has filed 5 statutory payment periods (earliest H1 2024). Their latest report puts the average at 24 days against stated terms of 14–30 days.

The direction is slower: from 20 to 24 days over the window — about 4 days slower.

In the latest period 17% of invoices were paid outside their agreed terms, and 0% landed 61+ days out.

In their own words · from the filing

Standard payment terms

30 days from the receipt of correctly prepared and adequately supported invoice/payment request

Dispute resolution

Suppliers are requested, as stated on PO/Contract, to direct queries to a shared mailbox - [email protected] in the first instance. A complaint or concern will be addressed in a timely manner by the Company's representative dealing with the supplier concerned and will escalate any issues appropriately.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 20262417%0%31 Jul 2026
H2 20252310%0%30 Jan 2026
H1 20252011%0%31 Jul 2025
H2 2024199%0%31 Jan 2025
H1 2024206%0%30 Jul 2024

Working-capital effect

What a 24-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 24-day vs a 14-day payment cycle.

≈ £9,500
of invoicing outstanding at any one time on a 24-day cycle — about £3,900 more than the same account would carry at 14-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 has moved about 4 days slower over the window (20 → 24 days).
What's their typical pay point?
Their latest reports average around day 24, 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 Serica Energy Chinook Limited (free)

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More large companies in mining & quarrying

Serica Energy (UK) Limited · Sewells Reservoir Construction Limited · Seadrill UK Operations Ltd · Shaw Pipeline Services UK Limited · Seadrill Management Ltd. · Shawcor UK 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 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-SC335305 · latest period to 30 Jun 2026

Verify the original Companies House file

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