SEADRILL MANAGEMENT LTD
Company Information
- Company Number
- 08276358
- Registered Address
- 2nd Floor Building 11, Chiswick Business Park 566 Chiswick High Road, London, W4 5YS
- Status
- Active
- Employee Count
- 193.0
- Turnover
- 137409000.0
- EBITDA
- 10899000.0
Additional Details
- Website
- https://seadrill.com
- Company Type
- Private limited Company
- Incorporated On
- 1 November 2012
- Nature of Business
- 09100 - Support activities for petroleum and natural gas extraction
- Industries
- 0
- Region
- North West
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 17 | 83% | 14% | 3% | 68% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 16 | 87% | 12% | 1% | 41% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 23 | 76% | 21% | 3% | 47% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 19 | 81% | 16% | 2% | 24% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 15 | 90% | 8% | 2% | 11% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 32 | 75% | 18% | 7% | 20% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 16 | 85% | 13% | 2% | 20% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 26 | 71% | 23% | 6% | 21% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 32 | 62% | 30% | 8% | 23% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 32 | 68% | 27% | 5% | 25% |
Company Summary
SEADRILL MANAGEMENT LTD
is a global offshore drilling contractor that provides services to the oil and gas industry
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact
SEADRILL offers a range of products and services, including offshore drilling rigs, well services, and project management
They have a fleet of modern and technologically advanced drilling units that can operate in harsh environments
The company also offers engineering and technical support services to their clients
The company is led by a team of experienced and dedicated professionals, including the CEO Anton Dibowitz and CFO Leif Nelson
They have a strong focus on safety and have implemented strict safety protocols to ensure the well-being of their employees and clients
SEADRILL has a sustainability program that focuses on reducing greenhouse gas emissions, minimizing waste, and promoting responsible use of resources
The company also actively supports local communities through various social and environmental initiatives
The contact information for SEADRILL MANAGEMENT LTD
can be found on their website, including their registered office address in London, UK
The company's website also provides information on their services, fleet, and sustainability initiatives
SEADRILL is committed to providing sustainable and efficient solutions to their clients while minimizing their environmental impact
Company Review
Trend Analysis
The data for SEADRILL MANAGEMENT LTD. shows a mixed trend in terms of average time to pay invoices. In 2018 and 2020, the average time to pay was 32 days, while in 2019 it decreased to 26 days. However, in 2022 and 2023, the average time to pay increased to 19 and 16 days respectively. This suggests that the company may have been more efficient in paying invoices in 2019, but experienced some delays in 2022 and 2023.
Volatility Analysis
The data also shows some volatility in the percentage of invoices paid within 30 days. While in 2019 and 2020, the percentage was relatively stable at 71% and 75% respectively, it decreased to 68% in 2018 and increased to 81% in 2022. However, in 2023, the percentage dropped significantly to 83%. This indicates that the company may have had some fluctuations in their payment processes.
Summary Analysis
Overall, the data for SEADRILL MANAGEMENT LTD. shows a decrease in the average time to pay invoices from 32 days in 2018 to 16 days in 2019. However, there was an increase in the average time to pay in 2022 and 2023. The percentage of invoices paid within 30 days also decreased in 2023, indicating a potential issue with timely payments. The company has consistently not paid any invoices beyond the agreed terms, and in 2020, it saw the highest percentage of invoices paid within 30 days at 90%.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard contractual terms for goods and services is 60 days.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
NA
Maximum contractual payment period agreed
60
Dispute Resolution Process
Please see below for contact details for the Service and Support team, please allow 48 hours for a response:- • PO’S BEGINNING WITH 841 • InvoiceQuery.NADL@seadrill.com • PO’S BEGINNING WITH 141 • InvoiceQuery.CORP@seadrill.com • PO’S BEGINNING WITH 400 or 630 • InvoiceQuery.ASIA@seadrill.com • PO’S BEGINNING WITH 641,156,615 • InvoiceQuery.AFME@seadrill.com • PO’S BEGINNING WITH 701 • InvoiceQuery.US@seadrill.com Escalation point 2 - Service and Support team Supervisors for urgent queries and no response from regional contacts within 48 hours. Natassjia.flute@seadrill.com Helen.Hallman@seadrill.com Final escalation If after 48 hours, you’ve not had a response from the Supervisors, please contact the Global Accounts Payable Manager:- Sarah.Cotgrave@seadrill.com
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
