SAIPEM LIMITED carries an average payment time of 53 days, placing most transactions firmly in the 31–60 day band, which accounts for the largest share of payments at 50%. Only 29% of payments are settled within 30 days, indicating that early or on-time payment is the exception rather than the norm. With 21% of payments exceeding 60 days, there is a meaningful tail of delayed settlements that suppliers must plan for.
A late payment rate of 34% signals that roughly one in three invoices will not be honoured within agreed terms, representing a significant reliability concern. The wide spread across all three payment brackets — from under 30 days to over 60 days — points to inconsistent payment behaviour rather than a predictable cycle. This variability makes cash flow forecasting difficult for suppliers and increases the risk of unexpected liquidity gaps.
SAIPEM LIMITED presents a moderate-to-high payment risk profile, driven by a 53-day average, a 34% late payment rate, and material exposure beyond 60 days. Suppliers considering engagement should factor extended payment timelines into pricing, credit terms, and working capital planning. Risk mitigation measures such as shorter payment term agreements, advance deposits on large orders, or credit insurance are advisable before extending significant credit exposure.
| 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 Jul 2025 - 31 Dec 2025 | 27 Jan 2026 | 53 | 29% | 50% | 21% | 34% |
| 01 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 55 | 21% | 61% | 18% | 35% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 59 | 16% | 53% | 31% | 54% |
| 01 Jan 2024 - 30 Jun 2024 | 31 Jan 2025 | 62 | 12% | 45% | 43% | 72% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Saipem Limited’s standard payment terms are 60 days from receipt of invoice. Supplier payment terms are generally negotiated “back to back” with our main client payment terms which are defined by project, these are usually 30, 45 or 60 days therefore shorter payment terms than 60 days can be agreed.
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
If there is a fundamental error on the invoice e.g. incorrect legal entity, VAT number or where incorrect/no purchase order number or no service entry number etc. is quoted on the invoice, then the supplier will be contacted by email by our Accounts Payable team 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 the purchase order General Terms and Conditions – extract example below: 26 SETTLEMENT OF DISPUTES 26.1 All disputes between PURCHASER and SUPPLIER in connection with or arising out of the PURCHASE ORDER DOCUMENTS, shall be resolved by means of the following procedure: a. The dispute shall initially be referred to PURCHASER's Representative and SUPPLIER's Representative who shall discuss the matter in dispute, and make all reasonable efforts to settle the dispute amicably; b. If the matter in dispute cannot be resolved under Sub-Clause 26.1 a. above within 15 (fifteen) days after receipt by one PARTY of the other PARTY's written request for such amicable settlement, the dispute shall be referred to the Managing Directors of PURCHASER and SUPPLIER. 26.2 Unless otherwise stated in the PURCHASE ORDER, all disputes arising out of or in connection with the PURCHASE ORDER DOCUMENTS which are not settled amicably under the preceding paragraph of this Clause within 45 (forty-five) days after receipt of the above-mentioned written request, may be submitted by either PARTY to arbitration in accordance with the Rules of Arbitration of the International Chamber of Commerce. The arbitrators shall be 3 (three) and shall be appointed in accordance with said rules. 26.3 The seat of the arbitral proceedings shall be London, United Kingdom, and such proceedings shall be conducted in the English language. The arbitral award shall be final and binding on the PARTIES. Each PARTY irrevocably and unconditionally waives any objection or immunity on grounds of sovereignty or otherwise to the arbitral proceedings. 26.4 Whilst any matter or matters are in dispute, SUPPLIER shall continue with the performance and completion of the SUPPLY, and the PARTIES shall comply with all the provisions of the PURCHASE ORDER DOCUMENTS.
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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
SAIPEM LIMITED is a private limited company operating in the engineering and energy services sector. As part of the internationally recognised Saipem group, the company provides specialist services in the oil and gas, offshore, and energy industries.
SAIPEM LIMITED was incorporated on 18 March 2010 and is registered in England and Wales under company number 07195109. The company's registered office is located at Saipem House, 12-42 Wood Street, Kingston Upon Thames, Surrey, KT1 1TG, placing it within the South East region of England.
Companies of this type operating within the UK energy services market typically provide engineering, procurement, construction, and installation services across onshore and offshore environments. This includes project management, subsea construction, pipeline installation, and drilling services delivered to clients within the oil, gas, and renewable energy sectors.
With an active status and over a decade of operation since its incorporation, SAIPEM LIMITED represents an established presence within the UK's specialist engineering and energy services industry, supporting both domestic and international projects from its Surrey headquarters.