Their own payment-practices filing · gov.uk

How long does Technipfmc Umbilicals Ltd take to pay its suppliers?

CRN 02400155 · Manufacturing · 17 statutory reports on record · period to 30 Jun 2026

64days

their reported average time to pay suppliers, latest period

Well behindvs a 31-day median across 6,185 recent filers

Self-reported figure from their statutory filing. How this is compiled.

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

2 outstanding charges — secured borrowing registered Accounts due 30 Sept 2026

Open the full record at Companies House.

Terms vs reality

Stated terms: 30–105 days. Reported average: 64.

Stated terms30–105d

+34 days

Reported avg64d

At a glance

The key figures

30–105d

their stated terms

23%

invoices paid outside terms

-4d

faster over the window

±7d

variable pattern

Vs peers · latest reported averages

fasterslower

Slower than 85% of the 992 large companies reporting in manufacturing.

The pattern

Getting faster

Average days to pay across their last 6 statutory reports.

terms 30d

H2 2023H1 2024H2 2024H1 2025H2 2025H1 2026

Where their supplier invoices land · latest period

within 30 days 20% 31–60 days 34% 61+ days 46%

The read · computed from their figures

Technipfmc Umbilicals Ltd has filed 17 statutory payment periods (earliest H1 2018). Their latest report puts the average at 64 days against stated terms of 30–105 days.

The direction is faster: from 68 to 64 days over the window — about 4 days faster.

In the latest period 23% of invoices were paid outside their agreed terms, and 46% landed 61+ days out.

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

Working-capital effect

What a 64-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 64-day vs a 30-day payment cycle.

≈ £25,000

of invoicing outstanding at any one time on a 64-day cycle — about £13,400 more than the same account would carry at 30-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 faster over the window (68 → 64 days).

What's their typical pay point?

Their latest reports average around day 64, moving within about ±7 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

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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-02400155 · latest period to 30 Jun 2026

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