STENA EVOLUTION DRILLING LIMITED records an average payment time of 34 days, marginally exceeding the standard 30-day benchmark. While 56% of payments are made within 30 days, the remaining 44% fall into extended payment windows, with 22% in the 31-60 day range and a notable 22% exceeding 60 days. This distribution indicates an inconsistent payment pattern with a meaningful portion of transactions requiring significantly longer settlement periods.
The late payment rate of 22% represents a material reliability concern, meaning roughly one in five invoices is not settled on time. The equal split between the 31-60 day and over-60-day brackets suggests that when payments are delayed, they can extend well beyond minor lateness into significant overdue territory. This unpredictability introduces meaningful cash flow risk for suppliers dependent on timely receivables.
STENA EVOLUTION DRILLING LIMITED presents a moderate-to-elevated payment risk profile, suitable for engagement but requiring active credit management. Suppliers should consider implementing shorter initial payment terms, credit limits aligned to exposure tolerance, and proactive invoice follow-up at the 25-day mark to reduce late payment incidence. Requesting upfront deposits or staged payments on larger contracts would further mitigate the risk posed by the 22% over-60-day payment segment.
| 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 | 05 Feb 2026 | 34 | 56% | 22% | 22% | 22% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard terms of 45days
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
45
Query mailbox available
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
Stena Evolution Drilling Limited is a private limited company operating within the drilling sector. The company forms part of the broader Stena group of businesses, which has an established presence in the offshore drilling and maritime industries.
The company is registered in England and Wales under company number 14550061 and maintains its registered office at 6 Arlington Street, London, SW1A 1RE. It was incorporated on 20 December 2022 and holds an active status with Companies House.
Drilling companies of this nature operating in the UK market typically provide services associated with offshore or onshore drilling operations, including the management and deployment of drilling rigs, well construction services, and associated technical and operational support. Such organisations serve clients primarily within the oil and gas exploration and production sector.
As a London-registered entity, Stena Evolution Drilling Limited operates within a well-established regulatory framework governed by UK company law, providing a stable and transparent corporate structure for its business activities.