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Their own payment-practices filing · gov.uk

How long does Petrofac Services Limited take to pay its suppliers?

CRN 04842802 · Administrative & support services · 15 statutory reports on record · period to 30 Jun 2025

62days
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.

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On the public register · Companies House

Company record

Status
In Administration
Type
Private Limited Company
Incorporated
23 Jul 2003
Registered office
C/O TENEO FINANCIAL ADVISORY LIMITED THE COLMORE BUILDING, BIRMINGHAM, B4 6AT
0 outstanding charges on the register Accounts due 31 Dec 2023

Open the full record at Companies House.

Terms vs reality

Stated terms: 30–60 days. Reported average: 62.

Stated terms30–60d
+32 days
Reported avg62d

At a glance

The key figures

30–60d
their stated terms
12%
invoices paid outside terms
+8d
slower over the window
±18d
variable pattern

Vs peers · latest reported averages

fasterslower
Slower than 94% of the 608 large companies reporting in administrative & support services.

The pattern

Getting slower

Average days to pay across their last 6 statutory reports.

terms 30d
54
86
73
74
98
62
H2 2022H1 2023H2 2023H1 2024H2 2024H1 2025

Where their supplier invoices land · latest period

within 30 days 39% 31–60 days 35% 61+ days 26%

The read · computed from their figures

Petrofac Services Limited has filed 15 statutory payment periods (earliest H1 2018). Their latest report puts the average at 62 days against stated terms of 30–60 days.

The direction is slower: from 54 to 62 days over the window — about 8 days slower.

In the latest period 12% of invoices were paid outside their agreed terms, and 26% landed 61+ days out.

What they tell their suppliers

Payment code: Prompt Payment Code

In their own words · from the filing

Standard payment terms

Standard 30 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 20256212%26%25 Jul 2025
H2 20249813%53%15 Jan 2025
H1 20247425%50%10 Jul 2024
H2 20237319%48%5 Jan 2024
H1 2023867%27%19 Jul 2023
H2 2022547%22%13 Jan 2023
H1 20224512%18%20 Jul 2022
H2 2021428%15%14 Jan 2022
H1 202110010%31%12 Jul 2021
H2 20207912%14%30 Jan 2021
H1 20204817%14%21 Jul 2020
H2 20195113%15%21 Jan 2020
H1 20198112%23%22 Jul 2019
H2 20182925%6%30 Jan 2019
H1 20184118%7%26 Jul 2018

Working-capital effect

What a 62-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 62-day vs a 30-day payment cycle.

≈ £24,500
of invoicing outstanding at any one time on a 62-day cycle — about £12,600 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 8 days slower over the window (54 → 62 days).
What's their typical pay point?
Their latest reports average around day 62, moving within about ±18 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 Services Limited (free)

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More large companies in administrative & support services

Petrofac Engineering Limited · Petrofac UK Holdings Limited · Petrochina International (London) Co., Limited · PFPL Developments Ltd. · Peterborough Prison Management Limited · PFPL Projects (Gosport) 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 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-04842802 · latest period to 30 Jun 2025

Verify the original Companies House file

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