Their own payment-practices filing · gov.uk

How long does Keymed (Medical & Industrial Equipment) Limited take to pay its suppliers?

CRN 00966736 · Manufacturing · 9 statutory reports on record · period to 31 Mar 2026

26days

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.

On the public register · Companies House

Company record

Status: Active
Type: Private Limited Company
Incorporated: 21 Nov 1969
Registered office: KEYMED HOUSE, SOUTHEND-ON-SEA, SS2 5QH

0 outstanding charges on the register Accounts due 31 Dec 2026

Open the full record at Companies House.

Terms vs reality

Stated terms: 7–90 days. Reported average: 26.

Stated terms7–90d

+19 days

Reported avg26d

At a glance

The key figures

7–90d

their stated terms

32%

invoices paid outside terms

-19d

faster over the window

±12d

variable pattern

Vs peers · latest reported averages

fasterslower

Faster than 92% of the 992 large companies reporting in manufacturing.

The pattern

Getting faster

Average days to pay across their last 6 statutory reports.

terms 7d

H1 2020H2 2020H1 2021H2 2021H1 2022H1 2026

Where their supplier invoices land · latest period

within 30 days 78% 31–60 days 7% 61+ days 15%

The read · computed from their figures

Keymed (Medical & Industrial Equipment) Limited has filed 9 statutory payment periods (earliest H2 2018). Their latest report puts the average at 26 days against stated terms of 7–90 days.

The direction is faster: from 45 to 26 days over the window — about 19 days faster.

In the latest period 32% of invoices were paid outside their agreed terms, and 15% landed 61+ days out.

In their own words · from the filing

Standard payment terms

Under KeyMed (Medical & Industrial Equipment) Ltd’s standard payment terms, we aim to pay within 30 days from the invoice date, where an undisputed invoice has been received. There are various terms agreed. 14 days for smaller suppliers, 30 days net monthly for overseas suppliers. Intercompany standard terms are 60 days on 20th of the month. There are ad-hoc invoices that have immediate payment terms.

Dispute resolution

Accounts Payable look to resolve disputes internally with the requisitioner of the PO. Where there are queries with an invoice, a dispute is raised with the supplier for investigation and correction. If an agreement cannot be reached, a meeting will be requested with the relevant parties to find a resolution.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H1 2026	26	32%	15%	30 Mar 2026
H1 2022	41	11%	26%	29 Apr 2022
H2 2021	41	13%	26%	21 Oct 2021
H1 2021	49	10%	39%	30 Apr 2021
H2 2020	51	7%	43%	26 Oct 2020
H1 2020	45	9%	33%	28 Apr 2020
H2 2019	45	9%	31%	11 Oct 2019
H1 2019	42	11%	28%	25 Apr 2019
H2 2018	44	16%	31%	19 Oct 2018

Working-capital effect

What a 26-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 26-day vs a 7-day payment cycle.

≈ £10,000

of invoicing outstanding at any one time on a 26-day cycle — about £7,500 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 19 days faster over the window (45 → 26 days).

What's their typical pay point?

Their latest reports average around day 26, moving within about ±12 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 Keymed (Medical & Industrial Equipment) Limited (free)

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More large companies in manufacturing

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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 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-00966736 · latest period to 31 Mar 2026

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