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Their own payment-practices filing · gov.uk

Cryoservice Limited paid suppliers in 51 days on average — 21 days past its stated terms

CRN 00976552 · 13 statutory reports on record · period to 31 Mar 2024

Dated record. The latest report covers a period ending 31 Mar 2024 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.
51daysavg time to pay · H1 2024

Their H1 2024 filing put the average 21 days past the 30-day term they state.

Their stated terms
30 days
Paid outside agreed terms
100% of invoices
Paid after 61+ days
7%
Reporting period
1 Oct 2023 – 31 Mar 2024
Source
their gov.uk filing, filed 17 Apr 2024

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

Terms vs reality · their H1 2024 filing

Paid 21 days past their stated terms

The pattern · last 6 of 13 reports

37 → 51 days — slower across the window

The read · computed from their figures

Cryoservice Limited's H1 2024 filing put their average at 51 days against stated terms of 30 days; 100% of invoices were paid outside agreed terms and 7% took 61 days or longer. Filed 17 Apr 2024.

The direction is slower: from 37 days in H2 2021 to 51 now — 14 days slower across their last 6 reports.

That is 13 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.

What they tell their suppliers

Offers e-invoicing

In their own words · from the filing

Standard payment terms

Air Products standard payment terms globally are Net 45 days date of invoice (d.o.i), unless this cannot be legally applied in the country. Air Products’ policy is to pay suppliers according to the terms on the Purchase Order (PO) provided the invoice is error free and goods receipt is verified. The Air Products recommended Payment Terms for business conducted in Europe are: Standard - Net 45 days – where permissible by law or suppliers Non-standard – determined on a supplier by supplier basis depending on business/supplier requirement

Dispute resolution

All invoices are reviewed by accounts payable specialist. In cases where it is clear that invoices are erroneous, they will be returned externally to the vendor/supplier for immediate correction and re-issue. For discrepancies, invoices are held by an accounts payable specialist and referred for further investigation with the relevant procurement/business department . In both instances, the accounts payable specialist/manager will follow up with regular communications internally and externally to investigate the progress in resolving the discrepancies with a view to having the invoice recorded and paid in the shortest time possible.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 202451100%7%17 Apr 2024
H2 20233815%6%11 Oct 2023
H1 20233813%7%21 Apr 2023
H2 20223713%6%19 Oct 2022
H1 20223511%4%26 Apr 2022
H2 20213712%6%19 Oct 2021
H1 20213811%5%23 Apr 2021
H2 20203916%9%21 Oct 2020
H1 20204221%10%27 Apr 2020
H2 20194218%9%28 Oct 2019
H1 20194224%10%29 Apr 2019
H2 20183823%9%31 Oct 2018
H1 20183926%11%27 Apr 2018

Illustrative · working-capital arithmetic

What a 51-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 51-day vs a 30-day payment cycle.

≈ £20,000
of invoicing outstanding at any one time on a 51-day cycle — about £8,300 more than the same account would carry at 30-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 · Cryoservice Limited

Are they getting slower or faster?
Their reported average has moved about 14 days slower over the window (37 → 51 days).
What's their typical pay point?
Their latest filed report put the average at day 51; across their last 6 reports it ranged 35–51 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.
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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-00976552 · latest period to 31 Mar 2024

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