Their own payment-practices filing · gov.uk

Petrofac (Malaysia-PM 304) Limited paid suppliers in 259 days on average — 199 days past its stated terms

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

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.

259daysavg time to pay · H1 2022

Their H1 2022 filing put the average 199 days past the 60-day term they state.

Their stated terms: 30–60 days
Paid outside agreed terms: 100% of invoices
Paid after 61+ days: 100%
Reporting period: 1 Jan 2022 – 30 Jun 2022
Source: their gov.uk filing, filed 8 Aug 2022

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

Terms vs reality · their H1 2022 filing

Paid 199 days past their stated terms

PAIDLATE · terms vs the clockdays to pay · 0–280

avg 259d

0 days280 days

reported avg 259 days their filed terms 30–60 days UK median 31 days · n = 6,104 recent filers

Where their invoices landed · share of all invoices

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

Source: their statutory Payment Practices Report #62581, period 1 Jan 2022 – 30 Jun 2022, filed 8 Aug 2022 · gov.uk payment-practices service

Petrofac (Malaysia-PM 304) Limited paid 199 days past its own stated terms. 100% of invoices still went outside agreed terms; 100% reached 61 days or more. Self-reported in their statutory H1 2022 filing.

The pattern · last 6 of 8 reports

98 → 259 days — slower across the window

PAIDLATE · the patternavg days per report

Last 6 of 8 filed reports · linear day scale · every period is in the table below · Source: gov.uk payment-practices service

161 days slower across the window. From 98 days in H2 2019 to 259 in the H1 2022 filing; the dashed line marks the 30-day term they state.

The read · computed from their figures

Petrofac (Malaysia-PM 304) Limited's H1 2022 filing put their average at 259 days against stated terms of 30–60 days; 100% of invoices were paid outside agreed terms and 100% took 61 days or longer. Filed 8 Aug 2022.

The direction is slower: from 98 days in H2 2019 to 259 now — 161 days slower across their last 6 reports.

That is 8 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

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.

Period	Avg days	Outside terms	61+ days	Filed
H1 2022	259	100%	100%	8 Aug 2022
H2 2021	38	100%	45%	27 Jan 2022
H1 2021	164	100%	92%	16 Aug 2021
H2 2020	219	100%	100%	28 Jan 2021
H1 2020	105	100%	91%	28 Jul 2020
H2 2019	98	98%	94%	30 Jan 2020
H2 2018	97	100%	89%	30 Jan 2019
H1 2018	56	75%	54%	17 Jul 2018

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.

Illustrative · working-capital arithmetic

What a 259-day cycle ties up

A worked example, not a finding. 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 (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 (Malaysia-PM 304) Limited

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 filed report put the average at day 259; across their last 6 reports it ranged 38–259 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)

They haven’t filed a payment report since 8 Aug 2022. 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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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 6,104 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

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