SUBSEA 7 ENGINEERING LIMITED
Company Information
- Company Number
- 05784032
- Registered Address
- 40 Brighton Road, Sutton, Surrey, England, SM2 5BN
- Status
- Active
- Employee Count
- 0
- Turnover
- £348,834,000
- EBITDA
- £25,113,000
Additional Details
- Website
- https://subsea7.com
- Company Type
- Private limited Company
- Incorporated On
- 18 April 2006
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Professional Services
- 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 | 39 | 42% | 48% | 10% | 60% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 39 | 44% | 48% | 8% | 64% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 35 | 49% | 44% | 7% | 65% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 36 | 51% | 42% | 7% | 61% |
| 01 Jan 2023 - 30 Jun 2023 | 17 Aug 2023 | 36 | 48% | 45% | 7% | 66% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 37 | 37% | 59% | 4% | 68% |
| 01 Jan 2021 - 30 Jun 2021 | 15 Jul 2021 | 37 | 46% | 45% | 9% | 37% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 37 | 36% | 60% | 4% | 12% |
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 Subsea7 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
60
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 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 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.
❌
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 Engineering Limited is a global company that provides engineering, construction, and project management services to the offshore energy industry. They specialize in subsea, umbilical, and offshore construction projects.
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have a comprehensive sustainability program that focuses on reducing carbon emissions, managing waste and resources, and promoting biodiversity.
Subsea 7 Engineering Limited offers a wide range of products and services, including subsea installation, fabrication, and decommissioning of offshore structures. They also provide engineering and project management services to support the development of offshore oil and gas fields.
The key people at Subsea 7 Engineering Limited include John Evans, the Chief Executive Officer, and Ricardo Rosa, the Chief Financial Officer. They have a team of highly skilled engineers, project managers, and technicians who work together to deliver high-quality projects.
The company can be contacted through their website, which is www.subsea7.com. Their registered office address is 200 Hammersmith Road, London, W6 7DL, United Kingdom. They also have offices in various locations around the world, including Europe, Africa, North America, and Asia Pacific.
