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Their own payment-practices filing · gov.uk

How long does Walter Lilly & Co. Limited take to pay its suppliers?

CRN 00352437 · Construction · 17 statutory reports on record · period to 30 Mar 2026

23days
their reported average time to pay suppliers, latest period
Faster than mostvs a 31-day median across 6,185 recent filers

Self-reported figure from their statutory filing. How this is compiled.

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On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
28 Apr 1939
Registered office
4TH FLOOR, MADDOX HOUSE, LONDON, W1S 2PZ
1 outstanding charge — secured borrowing registered Accounts due 30 Sept 2026

Open the full record at Companies House.

Terms vs reality

Stated terms: 7–60 days. Reported average: 23.

Stated terms7–60d
+16 days
Reported avg23d

At a glance

The key figures

7–60d
their stated terms
0%
invoices paid outside terms
-4d
faster over the window
±4d
steady pattern

Vs peers · latest reported averages

fasterslower
Faster than 86% of the 385 large companies reporting in construction.

The pattern

Getting faster

Average days to pay across their last 6 statutory reports.

terms 7d
27
52
30
30
29
23
H2 2023H1 2024H2 2024H1 2025H2 2025H1 2026

Where their supplier invoices land · latest period

within 30 days 68% 31–60 days 30% 61+ days 2%

The read · computed from their figures

Walter Lilly & Co. Limited has filed 17 statutory payment periods (earliest H1 2018). Their latest report puts the average at 23 days against stated terms of 7–60 days.

The direction is faster: from 27 to 23 days over the window — about 4 days faster.

In the latest period 0% of invoices were paid outside their agreed terms, and 2% landed 61+ days out.

What they tell their suppliers

2% of invoices in dispute

In their own words · from the filing

Standard payment terms

We have varying payment times for our suppliers/subcontractors. the shortest is 7 days for our utility & labour supply companies and the longest will be for some of our subcontractors who enter into a contract for these terms.

Dispute resolution

Any disputes are usually sorted by the person who raised the order for the goods/supply from the suppler/subcontractor. Should this not be possible, a Senior Manager will try and resolve the matter and the rare event of no resolution, a Director will attempt to resolve the issue.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 2026230%2%16 Jul 2026
H2 2025290%4%16 Jul 2026
H1 2025305%5%8 Sept 2025
H2 2024302%2%1 Oct 2024
H1 2024523%3%3 Apr 2024
H2 2023270%2%5 Oct 2023
H1 2023341%2%18 Apr 2023
H2 2022353%3%20 Oct 2022
H1 2022283%3%5 May 2022
H2 2021282%3%13 Oct 2021
H1 2021241%3%15 Apr 2021
H2 2020232%2%26 Oct 2020
H1 2020231%5%23 Apr 2020
H2 2019280%2%5 Nov 2019
H1 20194212%5%16 Aug 2019
H2 20184212%5%16 Aug 2019
H1 20184010%1%16 Aug 2019

Working-capital effect

What a 23-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 23-day vs a 7-day payment cycle.

≈ £9,000
of invoicing outstanding at any one time on a 23-day cycle — about £6,300 more than the same account would carry at 7-day terms.

Late Payment Act. The Late Payment of Commercial Debts Act lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.

Quick answers

Are they getting slower or faster?
Their reported average has moved about 4 days faster over the window (27 → 23 days).
What's their typical pay point?
Their latest reports average around day 23, moving within about ±4 days. Treat that as a historical reference point, not a promise for a new invoice.
Can I see what this means for my invoices?
Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.

Stay ahead

Watch Walter Lilly & Co. Limited (free)

Their next payment report is due ≈ 26 Oct 2026. We watch their public record and email you when something changes — a new payment report, late filings, insolvency markers, new charges.

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More large companies in construction

VSL Systems (UK) Limited · Wates Construction Limited · Volkerstevin Limited · Wates Developments Limited · Volkerstevin Infrastructure Limited · Watkin Jones & Son Limited

How UK payment reporting works

What is a Payment Practices Report?
UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.
What does "paid outside agreed terms" mean?
The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.
How often is this data updated?
Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.
Is this official government data?
The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-00352437 · latest period to 30 Mar 2026

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