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Their own payment-practices filing · gov.uk

Petrofac Engineering Limited pays suppliers in 242 days on average — 182 days past its stated terms

CRN 02615887 · Administrative & support services · 17 statutory reports on record · period to 30 Jun 2026

242daysavg time to pay · H1 2026

Their H1 2026 filing puts the average 182 days past the 60-day term they state.

Well behindvs a 31-day median across 6,104 recent filers
Their stated terms
30–60 days
Paid outside agreed terms
35% of invoices
Paid after 61+ days
100%
Reporting period
1 Jan 2026 – 30 Jun 2026
Source
their gov.uk filing, filed 17 Jul 2026

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

Terms vs reality · their H1 2026 filing

Paid 182 days past their stated terms

The pattern · last 6 of 17 reports

33 → 242 days — slowing down

The read · computed from their figures

Petrofac Engineering Limited's H1 2026 filing puts their average at 242 days against stated terms of 30–60 days; 35% of invoices were paid outside agreed terms and 100% took 61 days or longer. Filed 17 Jul 2026.

The direction is slower: from 33 days in H2 2023 to 242 now — 209 days slower across their last 6 reports.

On the latest reported averages: Slower than 100% of the 593 large companies reporting in administrative & support services.

That is 17 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.

What they tell their suppliers

Payment code: Prompt Payment Code

In their own words · from the filing

Standard payment terms

Standard PO Terms are set at 60 day terms

Dispute resolution

31. RESOLUTION OF DISPUTES 31.1 Any dispute between the PARTIES in connection with or arising out of the CONTRACT or the WORK shall be resolved by means of the following procedure: (a) the dispute shall initially be referred, by means of a formal notice containing the information set out in clause 31.5 and served in accordance with clause 29.6, to the COMPANY REPRESENTATIVE and CONTRACTYOR REPRESENTATIVE who shall discuss the matter in dispute and make all reasonable efforts to reach an agreement; (b) if no agreement is reached under Clause 31.1(a) above within forty (40) days of the service of such formal notice, the dispute shall be referred to the two persons named in Appenix 1 to Section I – Form of Agreement. Such persons are nominated one by the COMPANY and one by the CONTRACTOR

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 202624235%100%17 Jul 2026
H2 202512838%100%28 Jan 2026
H1 202511226%95%25 Jul 2025
H2 20245823%55%15 Jan 2025
H1 2024570%11%10 Jul 2024
H2 2023330%0%5 Jan 2024
H1 2023450%5%19 Jul 2023
H2 2022276%0%13 Jan 2023
H1 2022720%30%20 Jul 2022
H2 20211938%0%14 Jan 2022
H1 2021230%0%12 Jul 2021
H2 20208431%11%30 Jan 2021
H1 2020360%10%21 Jul 2020
H2 20192800%30%21 Jan 2020
H1 2019230%0%23 Jul 2019
H2 20182311%0%30 Jan 2019
H1 20182446%45%30 Jul 2018

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
30 May 1991
Registered office
170 PICCADILLY, LONDON, W1J 9EJ
0 outstanding charges on the register Accounts due 30 Sept 2024 — overdue

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 242-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 242-day vs a 30-day payment cycle.

≈ £95,500
of invoicing outstanding at any one time on a 242-day cycle — about £83,600 more than the same account would carry at 30-day terms.

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 · Petrofac Engineering Limited

Are they getting slower or faster?
Their reported average has moved about 209 days slower over the window (33 → 242 days).
What's their typical pay point?
Their latest filed report puts the average at day 242; across their last 6 reports it ranged 33–242 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.
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More large companies in administrative & support services

Petrochina International (London) Co., Limited · Petrofac Services Limited · Peterborough Prison Management Limited · Petrofac UK Holdings Limited · Petco Trading (UK) Limited · PFPL Developments Ltd.

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 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-02615887 · latest period to 30 Jun 2026

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