FMC TECHNOLOGIES LIMITED
Company Information
- Company Number
- 00259569
- Registered Address
- Hadrian House, Wincomblee Road, Newcastle Upon Tyne, United Kingdom, NE6 3PL
- Status
- Active
- Employee Count
- 768
- Turnover
- £149,325,000
- EBITDA
- -£27,235,000
Additional Details
- Website
- https://technipfmc.com
- Company Type
- Private limited Company
- Incorporated On
- 10 October 1931
- Nature of Business
- 09100 - Support activities for petroleum and natural gas extraction25110 - Manufacture of metal structures and parts of structures
- Industries
- Property,Infrastructure And Construction
- Region
- North East
Time to Pay
Payment Timeline
Payment Features
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 19 Aug 2025 | 51 | 26% | 21% | 53% | 20% |
| 01 Jul 2024 - 31 Dec 2024 | 24 Feb 2025 | 52 | 35% | 21% | 44% | 13% |
| 01 Jul 2023 - 31 Dec 2023 | 14 Feb 2024 | 58 | 42% | 20% | 38% | 14% |
| 01 Jul 2022 - 31 Dec 2022 | 10 Feb 2023 | 50 | 51% | 20% | 29% | 22% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | 72 | 25% | 20% | 55% | 37% |
| 01 Jul 2021 - 31 Dec 2021 | 14 Feb 2022 | 99 | 31% | 27% | 42% | 49% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Sept 2021 | 55 | 26% | 32% | 42% | 4% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Unless otherwise specified in the purchase order or agreed by contract all payments shall be made electronically within 90 days of receipt of a supplier's correctly prepared and properly substantiated invoice. When it is offered the company may take advantage of a supplier’s settlement discount.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
Dispute Resolution Process
Invoices and payments are managed by the Accounts Payable team. Invoice payment enquires are mostly managed through an Account Payable Helpdesk email system or may be initiated by telephone. Any enquiries regarding payment that cannot be answered directly will be referred to the relevant buyer or requestor in the company to answer or take follow up action to resolve. Standard subcontract terms and conditions on disputes Terms of payment “If FMC Technologies Ltd disputes any invoice in whole or in part, it shall advise SUPPLIER of the amount(s) in dispute and shall instruct SUPPLIER to issue a credit note for the said amount(s). FMC Technologies Limited shall pay the undisputed portion of the invoice within thirty (30) days of receipt of the respective credit note.” Resolution of disputes “Any dispute between FMC Technologies Ltd and the SUPPLIER in connection with or arising out of this CONTRACT or the SERVICES shall be resolved by means of the following procedures: a. the dispute shall initially be referred to FMC Technologies Ltd representative and SUPPLIER’S representative who shall discuss the matter in dispute and make all reasonable efforts to reach an agreement. b. If no agreement is reached under (a) above the dispute shall be referred to the two persons who executed the Form of Agreement. Such persons are nominated one by FMC TECHNOLOGIES LTD and one by the SUPPLIER. Such persons may be replaced by the party which nominated them by notice to the other party; c. If no agreement is reached under (b) above the dispute shall be referred to the Managing Directors of FMC TECHNOLOGIES LTD and the SUPPLIER. In the absence of any agreement being reached on a particular dispute either party may take appropriate action in the Courts to resolve the dispute at any time. Whilst any matter or matters are in dispute, the SUPPLIER shall proceed with the execution and completion of the SERVICES and both the SUPPLIER and FMC TECHNOLOGIES LTD shall comply with all the provisions of this CONTRACT.”
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
❌
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
FMC Technologies Limited is a global leader in innovative technology solutions for the energy industry
The company provides a wide range of products and services, including subsea systems, surface wellhead systems, and processing equipment for the oil and gas sector.\n\nOne of the key focuses of FMC Technologies Limited is sustainability
The company has a comprehensive sustainability program that prioritizes responsible and ethical business practices, environmental protection, and social responsibility
This includes reducing carbon emissions, promoting diversity and inclusion, and investing in local communities.\n\nFMC Technologies Limited is guided by a team of experienced and skilled individuals, including its CEO, Douglas J
Pferdehirt
The company also has a dedicated sustainability team that oversees the implementation of sustainability initiatives and ensures compliance with environmental regulations.\n\nThe company's website (www.fmctechnologies.com) offers detailed information about its products and services, as well as its sustainability program
Customers can also contact the company through the website for inquiries and support
The registered office address for FMC Technologies Limited is 1777 Gillingham Lane, Sugar Land, Texas, USA.\n\nIn conclusion, FMC Technologies Limited is a leading provider of technology solutions for the energy industry, with a strong focus on sustainability
Its commitment to responsible business practices, environmental protection, and social responsibility sets it apart in the industry
