Their own payment-practices filing · gov.uk
Subsea 7 Offshore Resources (UK) Limited pays suppliers in 37 days on average — within its stated 10–45 day terms
Their H1 2026 filing puts the average 27 days past the shortest term they state (10 days), still within their 45-day upper term.
- Their stated terms
- 10–45 days
- Paid outside agreed terms
- 58% of invoices
- Paid after 61+ days
- 3%
- Reporting period
- 1 Jan 2026 – 30 Jun 2026
- Source
- their gov.uk filing, filed 6 Jul 2026
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2026 filing
Paid within their stated range — 37 against 10–45 days
Where their invoices landed · share of all invoices
The pattern · last 6 of 17 reports
Holding steady around 37 days
The read · computed from their figures
Subsea 7 Offshore Resources (UK) Limited's H1 2026 filing puts their average at 37 days against stated terms of 10–45 days; 58% of invoices were paid outside agreed terms and 3% took 61 days or longer. Filed 6 Jul 2026.
The pattern is steady — their reported average moves within about ±3 days period to period.
On the latest reported averages: Slower than 57% of the 97 large companies reporting in mining & quarrying.
That is 17 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
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 Offshore Resources (UK) Ltd's Supply Chain Management team. Regular engagement sessions are also held between Subsea 7 Offshore Resources (UK) 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.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2026 | 37 | 58% | 3% | 6 Jul 2026 |
| H2 2025 | 36 | 60% | 4% | 28 Jan 2026 |
| H1 2025 | 34 | 58% | 2% | 28 Jul 2025 |
| H2 2024 | 39 | 59% | 5% | 28 Jan 2025 |
| H1 2024 | 45 | 61% | 7% | 29 Jul 2024 |
| H2 2023 | 36 | 54% | 5% | 29 Jan 2024 |
| H1 2023 | 35 | 59% | 4% | 17 Aug 2023 |
| H2 2022 | 36 | 55% | 6% | 27 Jan 2023 |
| H1 2022 | 35 | 65% | 4% | 28 Jul 2022 |
| H2 2021 | 36 | 64% | 4% | 26 Jan 2022 |
| H1 2021 | 31 | 29% | 6% | 14 Jul 2021 |
| H2 2020 | 28 | 19% | 2% | 26 Jan 2021 |
| H1 2020 | 29 | 20% | 3% | 29 Jul 2020 |
| H2 2019 | 32 | 18% | 6% | 27 Jan 2020 |
| H1 2019 | 40 | 22% | 7% | 25 Jul 2019 |
| H2 2018 | 42 | 23% | 8% | 28 Jan 2019 |
| H1 2018 | 39 | 18% | 7% | 9 Jul 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 5 Sept 2011
- Registered office
- 40 BRIGHTON ROAD, SUTTON, SM2 5BN
Illustrative · working-capital arithmetic
What a 37-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 37-day vs a 10-day payment cycle.
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 · Subsea 7 Offshore Resources (UK) Limited
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How UK payment reporting works
What is a Payment Practices Report?
What does "paid outside agreed terms" mean?
How often is this data updated?
Is this official government data?
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-07762973 · latest period to 30 Jun 2026
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