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Their own payment-practices filing · gov.uk

How long does Petrofac (Malaysia-pm 304) Limited take to pay its suppliers?

CRN 03418736 · Mining & quarrying · 8 statutory reports on record · period to 30 Jun 2022

259days
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.

Share
Dated record. The latest report covers a period ending 30 Jun 2022 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
13 Aug 1997
Registered office
POLLEN HOUSE, 10-12, LONDON, W1S 3NP
0 outstanding charges on the register Accounts due 30 Sept 2024 — overdue

Open the full record at Companies House.

Terms vs reality

Stated terms: 30–60 days. Reported average: 259.

Stated terms30–60d
+229 days
Reported avg259d

At a glance

The key figures

30–60d
their stated terms
100%
invoices paid outside terms
+161d
slower over the window
±111d
variable pattern

Vs peers · latest reported averages

fasterslower
Slower than 100% of the 100 large companies reporting in mining & quarrying.

The pattern

Getting slower

Average days to pay across their last 6 statutory reports.

terms 30d
98
105
219
164
38
259
H2 2019H1 2020H2 2020H1 2021H2 2021H1 2022

Where their supplier invoices land · latest period

within 30 days 0% 31–60 days 0% 61+ days 100%

The read · computed from their figures

Petrofac (Malaysia-pm 304) Limited has filed 8 statutory payment periods (earliest H1 2018). Their latest report puts the average at 259 days against stated terms of 30–60 days.

The direction is slower: from 98 to 259 days over the window — about 161 days slower.

In the latest period 100% of invoices were paid outside their agreed terms, and 100% landed 61+ days out.

In their own words · from the filing

Standard payment terms

Standard contractual terms for goods and services is 30 days.

Dispute resolution

Email and call to discuss and resolve the dispute on charges.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 2022259100%100%8 Aug 2022
H2 202138100%45%27 Jan 2022
H1 2021164100%92%16 Aug 2021
H2 2020219100%100%28 Jan 2021
H1 2020105100%91%28 Jul 2020
H2 20199898%94%30 Jan 2020
H2 201897100%89%30 Jan 2019
H1 20185675%54%17 Jul 2018

Working-capital effect

What a 259-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 259-day vs a 30-day payment cycle.

≈ £102,000
of invoicing outstanding at any one time on a 259-day cycle — about £90,300 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 161 days slower over the window (98 → 259 days).
What's their typical pay point?
Their latest reports average around day 259, moving within about ±111 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

Watch Petrofac (Malaysia-pm 304) Limited (free)

Their next payment report is due ≈ 26 Jan 2023. We watch their public record and email you when something changes — a new payment report, late filings, insolvency markers, new charges.

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More large companies in mining & quarrying

Perenco UK Limited · Petrofac Facilities Management Limited · Patersons of Greenoakhill Limited · PGS Exploration (UK) Limited · Ophir Energy PLC · Premier Oil E&p UK Limited

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-03418736 · latest period to 30 Jun 2022

Verify the original Companies House file

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