SUBSEA 7 CREWING LIMITED
Company Information
- Company Number
- 01130356
- Registered Address
- 40 Brighton Road, Sutton, Surrey, England, SM2 5BN
- Status
- Active
- Employee Count
- 0
- Turnover
- £390,279,000
- EBITDA
- -£2,461,000
Additional Details
- Website
- https://subsea7.com
- Company Type
- Private limited Company
- Incorporated On
- 21 August 1973
- Nature of Business
- 96090 - Other service activities not elsewhere classified
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 | 30 Jul 2025 | 33 | 48% | 50% | 2% | 60% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 36 | 39% | 55% | 6% | 67% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 41 | 36% | 57% | 7% | 70% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 36 | 40% | 55% | 5% | 67% |
| 01 Jan 2023 - 30 Jun 2023 | 17 Aug 2023 | 36 | 42% | 54% | 4% | 69% |
| 01 Jan 2021 - 30 Jun 2021 | 15 Jul 2021 | 27 | 75% | 16% | 9% | 63% |
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
For all Subsea 7 UK entities the standard payment terms are 30 days from receipt of invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The Subsea 7 UK entities' standard payment terms are 30 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.
Maximum contractual payment period agreed
45
Dispute Resolution Process
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 Crewing Ltd's Supply Chain Management team. Regular engagement sessions are also held between Subsea 7 Crewing Ltd's Supply Chain Management team and suppliers to discuss any issues/concerns including the invoicing and payment process.
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.
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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.
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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.
❌
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
SUBSEA 7 CREWING LIMITED is a leading provider of personnel solutions to the offshore energy industry. They offer a range of services including crew management, vessel manning, and training and development programs. The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact.
Their sustainability program includes reducing carbon emissions, minimizing waste, and promoting renewable energy sources. They also prioritize the health and safety of their employees and work towards maintaining a safe and healthy work environment.
In terms of products and services, SUBSEA 7 CREWING LIMITED provides skilled personnel for various offshore projects, including diving, construction, and installation. They offer training and development programs to ensure their employees have the necessary skills and qualifications to perform their jobs effectively. The company also provides vessel management services, ensuring that vessels are properly manned and operated.
The key people at SUBSEA 7 CREWING LIMITED include CEO John Evans, who has over 30 years of experience in the offshore industry, and Head of Crewing Services, Steve Horsburgh, who has over 40 years of experience in the maritime industry.
To contact SUBSEA 7 CREWING LIMITED, individuals can visit their website at www.subsea7crewing.com or reach out to their registered office at 4th Floor, 50 Bank Street, Canary Wharf, London E14 5NT, United Kingdom.
