Their own payment-practices filing · gov.uk
Rainham Steel Company Limited pays suppliers in 66 days on average — within its stated 1–90 day terms
Their H2 2026 filing puts the average 65 days past the shortest term they state (1 days), still within their 90-day upper term.
- Their stated terms
- 1–90 days
- Paid outside agreed terms
- 49% of invoices
- Paid after 61+ days
- 56%
- Reporting period
- 1 Apr 2026 – 30 Sept 2026
- Source
- their gov.uk filing, filed 7 Oct 2026
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H2 2026 filing
Paid within their stated range — 66 against 1–90 days
Where their invoices landed · share of all invoices
The pattern · last 6 of 17 reports
63 → 66 days — slowing down
The read · computed from their figures
Rainham Steel Company Limited's H2 2026 filing puts their average at 66 days against stated terms of 1–90 days; 49% of invoices were paid outside agreed terms and 56% took 61 days or longer. Filed 7 Oct 2026.
The direction is slower: from 63 days in H1 2024 to 66 now — 3 days slower across their last 6 reports.
On the latest reported averages: Slower than 93% of the 815 large companies reporting in wholesale & retail trade.
That is 17 statutory periods on record (earliest H2 2018) — a historical record, not a promise for a new invoice.
In their own words · from the filing
Standard payment terms
Stock Purchases – 60 days after the end of month of invoice date, payment being effected on the payment run following the invoice due date Non-Stock Purchases – typically either 30 days from invoice date or 30 days after the end of month of invoice date, payment being effected on the payment run following the invoice due date Payments made to our key suppliers, of which we have established arrangements with, are sometimes made outside of the contractual period.
Dispute resolution
Stock purchases – Invoices in dispute are placed on hold and an entry in our complaints log is made by our Quality Assurance department. This department then liaises with the supplier to resolve the issue. Once resolved, accounts payable are informed and the invoice is processed on the next scheduled payment run. Non-Stock purchases – Invoices in dispute are placed on hold and the individual who placed the order raises the issue with the supplier. If a resolution cannot be reached, then the matter is referred back to accounts payable who refer the issue to the most appropriate managerial position to resolve. Once resolved, accounts payable are informed and the invoice is processed on the next scheduled payment run.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H2 2026 | 66 | 49% | 56% | 7 Oct 2026 |
| H1 2026 | 67 | 47% | 56% | 21 Apr 2026 |
| H2 2025 | 66 | 37% | 56% | 27 Oct 2025 |
| H1 2025 | 63 | 54% | 54% | 1 May 2025 |
| H2 2024 | 63 | 58% | 56% | 1 Nov 2024 |
| H1 2024 | 63 | 48% | 57% | 30 Apr 2024 |
| H2 2023 | 68 | 46% | 48% | 26 Oct 2023 |
| H1 2023 | 56 | 44% | 40% | 17 Apr 2023 |
| H2 2022 | 56 | 82% | 37% | 18 Oct 2022 |
| H1 2022 | 57 | 77% | 39% | 19 Apr 2022 |
| H2 2021 | 57 | 79% | 38% | 7 Oct 2021 |
| H1 2021 | 57 | 77% | 41% | 20 Apr 2021 |
| H2 2020 | 57 | 90% | 41% | 13 Oct 2020 |
| H1 2020 | 60 | 85% | 47% | 14 Apr 2020 |
| H2 2019 | 61 | 89% | 54% | 17 Oct 2019 |
| H1 2019 | 57 | 84% | 42% | 17 Apr 2019 |
| H2 2018 | 60 | 89% | 42% | 22 Oct 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 31 Jan 1973
- Registered office
- ORBITAL HOUSE, ROMFORD, RM1 3PJ
Illustrative · working-capital arithmetic
What a 66-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 66-day vs a 1-day payment cycle.
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 · Rainham Steel Company 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-01093531 · latest period to 30 Sept 2026
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