Their own payment-practices filing · gov.uk
Technipfmc Umbilicals Ltd pays suppliers in 64 days on average — within its stated 30–105 day terms
Their H1 2026 filing puts the average 34 days past the shortest term they state (30 days), still within their 105-day upper term.
- Their stated terms
- 30–105 days
- Paid outside agreed terms
- 23% of invoices
- Paid after 61+ days
- 46%
- Reporting period
- 1 Jan 2026 – 30 Jun 2026
- Source
- their gov.uk filing, filed 7 Aug 2026
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2026 filing
Paid within their stated range — 64 against 30–105 days
Where their invoices landed · share of all invoices
The pattern · last 6 of 17 reports
68 → 64 days — getting faster
The read · computed from their figures
Technipfmc Umbilicals Ltd's H1 2026 filing puts their average at 64 days against stated terms of 30–105 days; 23% of invoices were paid outside agreed terms and 46% took 61 days or longer. Filed 7 Aug 2026.
The direction is faster: from 68 days in H2 2023 to 64 now — 4 days faster across their last 6 reports.
On the latest reported averages: Slower than 85% of the 977 large companies reporting in manufacturing.
That is 17 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.
In their own words · from the filing
Standard payment terms
Unless otherwise specified in the purchase order or agreed by contract all payments shall be made electronically using payment term End of Month plus 90 days upon receipt of a supplier's correctly prepared and properly substantiated invoice. This equates to an average of 105 days. When it is offered the company may take advantage of a supplier’s settlement discount.
Dispute resolution
Invoices and payments are managed by the Accounts Payable team. Any enquiries regarding payment that cannot be answered directly will be referred to the relevant buyer or requestor in the company to answer or take follow up action to resolve. Standard subcontract terms and conditions on disputes Terms of payment “If Purchaser fails to pay any amount due and payable hereunder by the stipulated date, Supplier shall notify Purchaser of such failure. In the event Purchaser fails to pay or otherwise dispute such amount within 30 Days after receipt of such notice, and as sole remedy for delay in payment of any such undisputed invoice, Supplier may be entitled to interest on the amount not properly paid when due from the day on which payment was due until such amount is paid in full. The r
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2026 | 64 | 23% | 46% | 7 Aug 2026 |
| H2 2025 | 53 | 16% | 50% | 11 Feb 2026 |
| H1 2025 | 64 | 27% | 49% | 19 Aug 2025 |
| H2 2024 | 67 | 43% | 56% | 24 Feb 2025 |
| H1 2024 | 66 | 46% | 30% | 1 Aug 2024 |
| H2 2023 | 68 | 62% | 31% | 14 Feb 2024 |
| H1 2023 | 69 | 57% | 30% | 31 Jul 2023 |
| H2 2022 | 67 | 50% | 31% | 10 Feb 2023 |
| H1 2022 | 67 | 44% | 25% | 22 Jul 2022 |
| H2 2021 | 61 | 54% | 37% | 10 Feb 2022 |
| H1 2021 | 57 | 46% | 38% | 12 Aug 2021 |
| H2 2020 | 56 | 49% | 38% | 17 Feb 2021 |
| H1 2020 | 58 | 49% | 47% | 24 Jul 2020 |
| H2 2019 | 54 | 37% | 33% | 30 Jan 2020 |
| H1 2019 | 34 | 44% | 6% | 24 Sept 2019 |
| H2 2018 | 64 | 85% | 35% | 6 Feb 2019 |
| H1 2018 | 65 | 83% | 52% | 20 Aug 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 3 Jul 1989
- Registered office
- HADRIAN HOUSE, NEWCASTLE UPON TYNE, NE6 3PL
Illustrative · working-capital arithmetic
What a 64-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 64-day vs a 30-day payment cycle.
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 · Technipfmc Umbilicals Ltd
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How UK payment reporting works
What is a Payment Practices Report?
What does "paid outside agreed terms" mean?
How often is this data updated?
Is this official government data?
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-02400155 · latest period to 30 Jun 2026
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