30 Fair PaymentHow fast UK companies pay their suppliers
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Prax Petroleum Limited

Registered as PRAX PETROLEUM LIMITED. Company number 04595500. 4 payment practices reports on file, the latest for the period ending 28 February 2022, filed 31 March 2022.

17days on average to pay

  • Within 30 days
  • 31 to 60 days
  • Over 60 days

In the reporting period from 1 September 2021 to 28 February 2022, Prax Petroleum Limited reported that it took an average of 17 days to pay its suppliers' invoices. It paid 90% of invoices within 30 days, 6% in 31 to 60 days and 4% after more than 60 days. It said 10% of invoices were not paid within the agreed terms.

A year earlier, in the period to 28 February 2021, the average was 13 days, so it is 4 days slower now.

This company has not filed a report for a period ending since May 2025, so it is not in our current tables. Companies stop reporting when they no longer meet the size test, are restructured or close.

Average days to pay, report by report

30 12 Aug 2020 13 Feb 2021 14 Aug 2021 17 Feb 2022

Bars are labelled with the month the period ended. The dashed line marks 30 days.

Every report filed

PeriodFiledAverage daysWithin 30 days31 to 60Over 60Not within termsSource
Sep 2021 to Feb 2022 31 Mar 2022 17 90%6%4%10% Report
Mar to Aug 2021 30 Sep 2021 14 95%3%2%5% Report
Sep 2020 to Feb 2021 30 Mar 2021 13 96%3%1%4% Report
Mar to Aug 2020 13 Jan 2021 12 97%2%1%3% Report

Source: the company's filings on Check payment practices. Contains public sector information licensed under the Open Government Licence v3.0. Figures are as filed. We do not change them.