SUBSEA 7 PIPELINE PRODUCTION LIMITED
Company Information
- Company Number
- SC078566
- Registered Address
- East Campus Prospect Road, Arnhall Business Park, Westhill, Aberdeenshire, AB32 6FE
- Status
- Active
- Employee Count
- 0
- Turnover
- £90,834,000
- EBITDA
- £1,850,000
Additional Details
- Website
- https://subsea7.com
- Company Type
- Private limited Company
- Incorporated On
- 5 May 1982
- Nature of Business
- 09100 - Support activities for petroleum and natural gas extraction
- Industries
- Energy
- Region
- Scotland
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 | 28 Jul 2025 | 35 | 51% | 45% | 4% | 56% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 34 | 50% | 47% | 3% | 59% |
| 01 Jan 2023 - 30 Jun 2023 | 17 Aug 2023 | 34 | 52% | 43% | 5% | 55% |
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 Pipeline Production Ltd 's Supply Chain Management team. Regular engagement sessions are also held between Subsea 7 Pipeline Production 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.
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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?
❌
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 Pipeline Production Limited is a leading offshore energy services company that specializes in the design, fabrication, and installation of pipelines for the oil and gas industry.
They are committed to sustainability and have a strong focus on minimizing their environmental impact. They have implemented various initiatives to reduce their carbon footprint, such as using low-emission vessels and developing innovative pipeline installation techniques that minimize disruption to marine life.
Their products and services include subsea pipeline installation, engineering and project management, and inspection, repair and maintenance services. They also offer a range of fabrication and construction services for offshore structures.
The company is led by a team of experienced industry professionals, including their CEO, Jean Cahuzac, and their Chief Operating Officer, John Evans. They have a global presence with operations in Europe, Africa, Asia Pacific, and the Americas.
Their website, www.subsea7.com, provides detailed information about their services, projects, and sustainability efforts. Their registered office address is 30 St. Mary Axe, London, EC3A 8EP, United Kingdom. Subsea 7 Pipeline Production Limited is committed to driving sustainable solutions in the offshore energy industry and continues to be a leader in this field.
