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Their own payment-practices filing · gov.uk

Siemens Industrial Turbomachinery Limited pays suppliers in 67 days on average — within its stated 26–180 day terms

CRN 04729734 · Manufacturing · 17 statutory reports on record · period to 31 Mar 2026

67daysavg time to pay · H1 2026

Their H1 2026 filing puts the average 41 days past the shortest term they state (26 days), still within their 180-day upper term.

Well behindvs a 31-day median across 6,104 recent filers
Their stated terms
26–180 days
Paid outside agreed terms
25% of invoices
Paid after 61+ days
57%
Reporting period
1 Oct 2025 – 31 Mar 2026
Source
their gov.uk filing, filed 1 May 2026

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

Terms vs reality · their H1 2026 filing

Paid within their stated range — 67 against 26–180 days

The pattern · last 6 of 17 reports

52 → 67 days — slowing down

The read · computed from their figures

Siemens Industrial Turbomachinery Limited's H1 2026 filing puts their average at 67 days against stated terms of 26–180 days; 25% of invoices were paid outside agreed terms and 57% took 61 days or longer. Filed 1 May 2026.

The direction is slower: from 52 days in H2 2023 to 67 now — 15 days slower across their last 6 reports.

On the latest reported averages: Slower than 88% 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.

What they tell their suppliers

Offers e-invoicing Offers supply-chain finance

In their own words · from the filing

Standard payment terms

The payment terms are assigned by the Business units on a case by case basis:- Payment terms usage : Intercompany Clearing payment terms and are paid immediately in the month following the receipt of the invoice. Please note Intercompany clearing terms are available to Siemens Energy companies only and payment method for such terms results in clearing of such transactions without any transmission of money external to Siemens Energy cash pool. 3rd party payments terms usage is as follows <30 days 49% 60 days 36%, 90 days 1%, 30 days 3%, 34 days 7%, 75 days 2% and the remainder with payment terms of less than 2% occurrences which includes the max payment term of days. The payment statistics excluding the ICC transactions are as follows :- Average time it took to pay an invoice days. Spl

Dispute resolution

1) Central Accounts Payable (AP) team for payment enquiries, contact points via phone/e-mail/supplier portal. Relevant details are on Purchase Orders. A) Tel: 01522584650 b) E-mail [email protected] 2) AP liaise with supplier to obtain and process missing invoices a) Check existing systems (scan provider/e-invoice provider/invoice process queue to see if invoice already in query and/or returned to supplier) 3) AP liaise with suppliers to confirm payment details (past and upcoming) 4) AP liaise with approvers to release overdue invoices for payment 5) Special team deals with ‘final demand’ cases and legal notices

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 20266725%57%1 May 2026
H2 20255224%53%31 Oct 2025
H1 20255331%48%29 Apr 2025
H2 20245022%45%28 Oct 2024
H1 20245224%46%26 Apr 2024
H2 20235225%44%30 Oct 2023
H1 20235023%34%27 Apr 2023
H2 20224917%32%26 Oct 2022
H1 20225120%34%28 Apr 2022
H2 20214918%31%28 Oct 2021
H1 20215025%34%30 Apr 2021
H2 20204722%42%29 Oct 2020
H1 20204524%41%28 Apr 2020
H2 20194421%40%30 Oct 2019
H1 20194521%43%29 Apr 2019
H2 20184722%46%31 Oct 2018
H1 20184622%39%30 Apr 2018

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
10 Apr 2003
Registered office
C A PARSONS WORKS, NEWCASTLE UPON TYNE, NE6 2YL
0 outstanding charges on the register Accounts due 30 Jun 2027

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 67-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 67-day vs a 26-day payment cycle.

≈ £26,500
of invoicing outstanding at any one time on a 67-day cycle — about £16,200 more than the same account would carry at 26-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 · Siemens Industrial Turbomachinery Limited

Are they getting slower or faster?
Their reported average has moved about 15 days slower over the window (52 → 67 days).
What's their typical pay point?
Their latest filed report puts the average at day 67; across their last 6 reports it ranged 50–67 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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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-04729734 · latest period to 31 Mar 2026

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