Their own payment-practices filing · gov.uk
How long does Philips Electronics UK Limited take to pay its suppliers?
Self-reported figure from their statutory filing. How this is compiled.
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 19 Dec 1947
- Registered office
- ASCENT 1, FARNBOROUGH, GU14 6XW
Terms vs reality
Stated terms: 0–120 days. Reported average: 19.
At a glance
The key figures
Vs peers · latest reported averages
The pattern
Getting faster
Average days to pay across their last 6 statutory reports.
Where their supplier invoices land · latest period
The read · computed from their figures
Philips Electronics UK Limited has filed 17 statutory payment periods (earliest H1 2018). Their latest report puts the average at 19 days against stated terms of 0–120 days.
The direction is faster: from 23 to 19 days over the window — about 4 days faster.
In the latest period 1% of invoices were paid outside their agreed terms, and 7% landed 61+ days out.
What they tell their suppliers
In their own words · from the filing
Standard payment terms
Philips standard Global Payment Terms are 60 or 65 days end of month although deviations can be made from this on a case by case basis with agreement from the business dependent on the nature of the product or service received from suppliers. 84% of payment transactions in the period were intergroup transactions on immediate or under 30 day payment terms. These are typically cleared via cash pooling without transmission of monies. The most frequently used terms of payment on non-intragroup transactions in the period were as follows: Immediate 0% within 30 days of document date 56% within 60 days of document date 38% within 90 days of document date 5% Other 1%
Dispute resolution
In case of payment queries suppliers should contact the Vendor Query Team (VQ) based on the appropriate business unit advised per the provided Purchase Order as follows: [email protected] (For Business Units RIU2, RIU3) [email protected] (For Business Units GB11, GB59, GB71) [email protected] (For Business Units GB90, GB9A, GBY1) VQ teams will check the status of the invoice and take an action according to the results. In case of escalation they reach out to a Payment and Purchasing team specialist who will liaise with Finance for approval.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2026 | 19 | 1% | 7% | 30 Jul 2026 |
| H2 2025 | 20 | 1% | 10% | 28 Jan 2026 |
| H1 2025 | 27 | 2% | 13% | 31 Jul 2025 |
| H2 2024 | 25 | 3% | 14% | 29 Jan 2025 |
| H1 2024 | 25 | 5% | 12% | 30 Jul 2024 |
| H2 2023 | 23 | 5% | 11% | 30 Jan 2024 |
| H1 2023 | 28 | 9% | 15% | 26 Jul 2023 |
| H2 2022 | 26 | 6% | 14% | 30 Jan 2023 |
| H1 2022 | 24 | 5% | 12% | 28 Jul 2022 |
| H2 2021 | 24 | 7% | 11% | 27 Jan 2022 |
| H1 2021 | 26 | 5% | 12% | 28 Jul 2021 |
| H2 2020 | 25 | 5% | 11% | 28 Jan 2021 |
| H1 2020 | 21 | 5% | 10% | 27 Jul 2020 |
| H2 2019 | 29 | 14% | 15% | 29 Jan 2020 |
| H1 2019 | 24 | 5% | 9% | 22 Jul 2019 |
| H2 2018 | 24 | 5% | 9% | 28 Jan 2019 |
| H1 2018 | 26 | 9% | 10% | 25 Jul 2018 |
Working-capital effect
What a 19-day cycle ties up
Illustrative. On a hypothetical £12k/month account, at a 19-day vs a 0-day payment cycle.
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?
What's their typical pay point?
Can I see what this means for my invoices?
Stay ahead
Watch Philips Electronics UK Limited (free)
Their next payment report is due ≈ 26 Jan 2027. 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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Philip Russell Limited · Phoenix Healthcare Distribution Limited · Philip Morris Limited · Phoenix Medical Supplies Limited · Phase Eight (Fashion & Designs) Limited · Phoenix Software Limited
How UK payment reporting works
What is a Payment Practices Report?
What does "paid outside agreed terms" mean?
How often is this data updated?
Is this official government data?
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-00446897 · latest period to 30 Jun 2026
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