Their own payment-practices filing · gov.uk
Philips Electronics UK Limited pays suppliers in 19 days on average — inside its 120-day stated terms
Their H1 2026 filing puts the average 101 days inside their stated 120-day term.
- Their stated terms
- 120 days
- Paid outside agreed terms
- 1% of invoices
- Paid after 61+ days
- 7%
- Reporting period
- 1 Jan 2026 – 30 Jun 2026
- Source
- their gov.uk filing, filed 30 Jul 2026
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2026 filing
Paid 101 days inside the 120-day term they state
Where their invoices landed · share of all invoices
The pattern · last 6 of 17 reports
23 → 19 days — getting faster
The read · computed from their figures
Philips Electronics UK Limited's H1 2026 filing puts their average at 19 days against stated terms of 120 days; 1% of invoices were paid outside agreed terms and 7% took 61 days or longer. Filed 30 Jul 2026.
The direction is faster: from 23 days in H2 2023 to 19 now — 4 days faster across their last 6 reports.
On the latest reported averages: Faster than 91% of the 815 large companies reporting in wholesale & retail trade.
That is 17 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.
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 |
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
Quick answers · Philips Electronics UK Limited
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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 6,104 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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