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Their own payment-practices filing · gov.uk

How long does Subsea 7 Engineering Limited take to pay its suppliers?

CRN 05784032 · Administrative & support services · 13 statutory reports on record · period to 30 Jun 2026

33days
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
Active
Type
Private Limited Company
Incorporated
18 Apr 2006
Registered office
40 BRIGHTON ROAD, SUTTON, SM2 5BN
0 outstanding charges on the register Accounts due 30 Sept 2026

Open the full record at Companies House.

Terms vs reality

Stated terms: 10–45 days. Reported average: 33.

Stated terms10–45d
+23 days
Reported avg33d

At a glance

The key figures

10–45d
their stated terms
62%
invoices paid outside terms
-3d
faster over the window
±3d
steady pattern

Vs peers · latest reported averages

fasterslower
Slower than 63% of the 608 large companies reporting in administrative & support services.

The pattern

Getting faster

Average days to pay across their last 6 statutory reports.

terms 10d
36
35
39
39
39
33
H2 2023H1 2024H2 2024H1 2025H2 2025H1 2026

Where their supplier invoices land · latest period

within 30 days 57% 31–60 days 33% 61+ days 10%

The read · computed from their figures

Subsea 7 Engineering Limited has filed 13 statutory payment periods (earliest H1 2020). Their latest report puts the average at 33 days against stated terms of 10–45 days.

The direction is faster: from 36 to 33 days over the window — about 3 days faster.

In the latest period 62% of invoices were paid outside their agreed terms, and 10% landed 61+ days out.

What they tell their suppliers

1% of invoices in dispute

In their own words · from the filing

Standard payment terms

The Subsea 7 Group's standard payment terms are 45 days from receipt of invoice.

Dispute resolution

The first point of contact for disputes is the Subsea 7 Accounts Payable department in Aberdeen. If there is a fundamental error on the invoice e.g. incorrect legal entity or incorrect/no purchase order number quoted on the invoice the supplier will receive an automated e-mail advising them the invoice has been rejected and the reason why. To resolve the dispute the supplier must submit a revised invoice. All other disputes are resolved in conjunction with the supplier and Subsea 7 Engineering Ltd's Supply Chain Management team. Regular engagement sessions are also held between Subsea 7 Engineering Ltd's Supply Chain Management team and suppliers to discuss any issues/concerns including the invoicing and payment process.

Other information

The Subsea 7 Group's standard payment terms are 45 days from receipt of invoice however there are deviations from these standard terms. For example the supply of travel booking services, agency personnel and sub-contracted labour and corporate professional services (e.g. legal and tax fees) are on shorter payment terms.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 20263362%10%6 Jul 2026
H2 20253965%13%28 Jan 2026
H1 20253960%10%30 Jul 2025
H2 20243964%8%28 Jan 2025
H1 20243565%7%30 Jul 2024
H2 20233661%7%30 Jan 2024
H1 20233666%7%17 Aug 2023
H2 20223364%5%30 Jan 2023
H1 20223768%4%28 Jul 2022
H2 20214270%6%26 Jan 2022
H1 20213737%9%15 Jul 2021
H2 20203423%6%27 Jan 2021
H1 20203712%4%30 Jul 2020

Working-capital effect

What a 33-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 33-day vs a 10-day payment cycle.

≈ £13,000
of invoicing outstanding at any one time on a 33-day cycle — about £9,100 more than the same account would carry at 10-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 3 days faster over the window (36 → 33 days).
What's their typical pay point?
Their latest reports average around day 33, moving within about ±3 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 Subsea 7 Engineering Limited (free)

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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 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-05784032 · latest period to 30 Jun 2026

Verify the original Companies House file

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