Their own payment-practices filing · gov.uk

St. Modwen Developments Limited paid suppliers in 24 days on average — within its stated 14–45 day terms

CRN 00892832 · Construction · 12 statutory reports on record · period to 31 Dec 2023

Dated record. The latest report covers a period ending 31 Dec 2023 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

24daysavg time to pay · H2 2023

Their H2 2023 filing put the average 10 days past the shortest term they state (14 days), still within their 45-day upper term.

Their stated terms: 14–45 days
Paid outside agreed terms: 10% of invoices
Paid after 61+ days: 3%
Reporting period: 1 Jul 2023 – 31 Dec 2023
Source: their gov.uk filing, filed 31 Jan 2024

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

Terms vs reality · their H2 2023 filing

Paid within their stated range — 24 against 14–45 days

PAIDLATE · terms vs the clockdays to pay · 0–50

avg 24d

0 days50 days

reported avg 24 days their filed terms 14–45 days UK median 31 days · n = 6,104 recent filers

Where their invoices landed · share of all invoices

within 30 days 87% 31–60 days 10% 61+ days 3%

Source: their statutory Payment Practices Report #81330, period 1 Jul 2023 – 31 Dec 2023, filed 31 Jan 2024 · gov.uk payment-practices service

St. Modwen Developments Limited paid within its stated range, 10 days past the shortest term. 10% of invoices still went outside agreed terms; 3% reached 61 days or more. Self-reported in their statutory H2 2023 filing.

The pattern · last 6 of 12 reports

29 → 24 days — faster across the window

PAIDLATE · the patternavg days per report

Last 6 of 12 filed reports · linear day scale · every period is in the table below · Source: gov.uk payment-practices service

5 days faster across the window. From 29 days in H1 2021 to 24 in the H2 2023 filing; the dashed line marks the 14-day term they state.

The read · computed from their figures

St. Modwen Developments Limited's H2 2023 filing put their average at 24 days against stated terms of 14–45 days; 10% of invoices were paid outside agreed terms and 3% took 61 days or longer. Filed 31 Jan 2024.

The direction is faster: from 29 days in H1 2021 to 24 now — 5 days faster across their last 6 reports.

That is 12 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.

What they tell their suppliers

Payment code: Prompt Payment Code

In their own words · from the filing

Standard payment terms

St. Modwen Developments Ltd’s standard supplier payment terms are ’45 days from date of invoice’. Subcontractor suppliers are paid more quickly in line with their contract. Payment of any amount ascertained in accordance with the Contract under an Interim Application (if any) to the Contractor shall become due 28 days after the Application Date ("Payment Due Date"). St. Modwen Developments Ltd is committed to supporting SMEs which are therefore paid on shorter terms, between 14 and 30 days.

Dispute resolution

St. Modwen Developments Ltd is committed to fair dealing with all of its supply chain members, and transparency and swift resolution of disputed items are key principles in this process. If a dispute arises the parties will attempt, in good faith, to reach settlement as soon as possible. If the dispute is not resolved it shall be referred to expert determination.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H2 2023	24	10%	3%	31 Jan 2024
H1 2023	24	15%	3%	31 Jul 2023
H2 2022	23	12%	3%	24 Jan 2023
H1 2022	22	10%	2%	26 Jul 2022
H2 2021	23	11%	2%	27 Jan 2022
H1 2021	29	22%	6%	29 Jun 2021
H2 2020	34	39%	8%	22 Dec 2020
H1 2020	32	34%	5%	29 Jun 2020
H2 2019	34	28%	5%	24 Dec 2019
H1 2019	36	21%	9%	24 Jun 2019
H2 2018	37	20%	9%	20 Dec 2018
H1 2018	31	15%	10%	22 Jun 2018

On the public register · Companies House

Company record

Status: Active
Type: Private Limited Company
Incorporated: 28 Nov 1966
Registered office: LEVEL 19, THE SHARD 32, LONDON, SE1 9SG

1 outstanding charge — secured borrowing registered Accounts due 31 Dec 2026

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 24-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 24-day vs a 14-day payment cycle.

≈ £9,500

of invoicing outstanding at any one time on a 24-day cycle — about £3,900 more than the same account would carry at 14-day terms.

Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 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 · St. Modwen Developments Limited

Are they getting slower or faster?

Their reported average has moved about 5 days faster over the window (29 → 24 days).

What's their typical pay point?

Their latest filed report put the average at day 24; across their last 6 reports it ranged 22–29 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 St. Modwen Developments Limited (free)

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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 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-00892832 · latest period to 31 Dec 2023

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