---
title: "NEPTUNE E&P UK LTD - Payment Practices"
date: 2018-07-31
url: https://paymentcheck.co.uk/company-search/03386464/neptune-e-p-uk-ltd
description: "View payment practices for NEPTUNE E&P UK LTD. Average time to pay: 44 days."
---

# NEPTUNE E&P UK LTD

## Company Information

- **Company Number:** 03386464
- **Status:** Active
- **Company Type:** Private limited Company
- **Incorporated:** 9 June 1997
- **Registered Address:** Nova North, 11 Bressenden Place, London, England, SW1E 5BY
- **Industry:** Energy
- **Region:** London

## Payment Statistics

- **Average Time to Pay:** 44 days
- **Invoices Paid Within 30 Days:** 45%
- **Invoices Paid Between 31-60 Days:** 37%
- **Invoices Paid Later Than 60 Days:** 18%
- **Invoices Not Paid Within Agreed Terms:** 56%

## Payment Terms

- **Standard Payment Terms:** 30 days net from receipt of invoice
- **Shortest Payment Period:** 30 days
- **Longest Payment Period:** Not available days
- **Maximum Contractual Period:** 60 days

## Payment Practices

- **Payment Terms Changed:** Not available
- **Suppliers Notified of Changes:** Not available
- **E-Invoicing Offered:** True
- **Supply Chain Financing Offered:** False
- **Participates in Payment Codes:** No

## Dispute Resolution

Neptune agrees to the dispute resolutaion on a Contract basis however the standard practice is in the event of a Dispute, difference, controversery or claim between the Parties in relation to the Work or Contract, One party shall issue a Notice of the Dispute, the Dispute will initially by referred to Company/Contractor Representatives to discuss the Dispute and make all reasonable efforts to reach an agreement on the settlement, if no agreement after 7 days the Party may escalate to a person of appropriate seniorty by providing notice.  Then again there is 7 days for the senior representatives to meet and aim of reaching an agreementy on the settlement.   Should the step fail, the Dispute shall be referred and finally resolved by arbitration under the LCIA Rules

## Summary

NEPTUNE E&P UKCS LIMITED is an oil and gas exploration and production company based in the United Kingdom. The company is committed to sustainability and has implemented various programs to minimize its environmental impact and promote social responsibility.\n\nTheir sustainability program includes a strong focus on reducing greenhouse gas emissions, promoting energy efficiency, and implementing responsible waste management practices. They also prioritize the protection of biodiversity and work closely with local communities to ensure their operations are sustainable and beneficial to all stakeholders.\n\nNEPTUNE E&P UKCS LIMITED offers a range of products and services related to oil and gas exploration and production. This includes offshore and onshore exploration, drilling, and production services. They also have a strong track record in developing new technologies and techniques to improve efficiency and reduce environmental impact.\n\nThe company is led by a team of experienced and knowledgeable individuals, including Managing Director Jim House and Chief Financial Officer Richard Taylor. They are supported by a dedicated team of professionals who are committed to delivering high-quality and sustainable solutions.\n\nFor more information on NEPTUNE E&P UKCS LIMITED and their services, visit their website at www.neptuneeplimited.com. Their registered office address is 1 Kingdom Street, London, W2 6BD, United Kingdom.

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*Data sourced from official UK government payment practices reports. Last updated: 2018-07-31*