Premier Oil E&p UK Limited payment practices report
PennyFetch rating based on government data:
Often outside termsCompanies House no. 02761032
This rating is PennyFetch’s own assessment derived from data self-reported by Premier Oil E&p UK Limited to the UK government.
This company’s most recent filing is from Jul 2021. The data may not reflect their current payment practices. Companies can improve or change their payment behaviour between reporting periods.
Avg. days to pay
29
UK median: 32
Outside agreed terms
31%
UK average: 24%
Trend
Stable
7 reports filed
Payment terms
14 to 30 days
Standard terms
Invoice payment breakdown
How Premier Oil E&p UK Limited compares
Premier Oil E&p UK Limited takes an average of 29 days to pay its suppliers, which is 3 days faster than the UK median of 32 days across 9,336 reporting companies. 31% of their invoices fall outside the agreed payment terms, compared to a national average of 24%.
The “outside agreed terms” percentage measures how often the company pays after its own agreed payment terms (14 to 30 days), not against a fixed 30-day standard. A company with long payment terms can still be rated “Good payer” if it consistently meets those terms.
Payment history
| Period | Avg. days | % outside terms | % in 30d | % over 60d |
|---|---|---|---|---|
| Jan 2021 to Jun 2021 | 29 | 31% | 70% | 1% |
| Jul 2020 to Dec 2020 | 28 | 24% | 77% | 1% |
| Jan 2020 to Jun 2020 | 28 | 37% | 65% | 1% |
| Jul 2019 to Dec 2019 | 27 | 23% | 80% | 1% |
| Jan 2019 to Jun 2019 | 29 | 34% | 68% | 1% |
| Jul 2018 to Dec 2018 | 28 | 36% | 68% | 1% |
| Jan 2018 to Jun 2018 | 30 | 47% | 55% | 1% |
PennyFetch sends automatic payment reminders so you don’t have to chase. If they still don’t pay, it calculates statutory interest and generates a Letter Before Action as a PDF.
Get started freeFrequently asked questions
Related tools and guides
All payment statistics on this page are self-reported by Premier Oil E&p UK Limited to the UK Government Payment Practices Reporting service . The government publishes this data but does not independently verify the figures. Published under the Open Government Licence v3.0.
Most recent report filed: Jul 2021. The rating labels on this page (e.g. “Good payer”, “Often outside terms”) are PennyFetch’s own classifications based on the reported data. They are not government ratings. This page is for informational purposes and does not constitute legal or financial advice.
Is this your company?
If you believe this data is incorrect, outdated, or needs additional context, please email corrections@pennyfetch.co.uk. We will review your request and update or add context to this page where appropriate.