Their own payment-practices filing · gov.uk
Covance Laboratories Limited pays suppliers in 29 days on average — within its stated 7–60 day terms
Their H1 2026 filing puts the average 22 days past the shortest term they state (7 days), still within their 60-day upper term.
- Their stated terms
- 7–60 days
- Paid outside agreed terms
- 11% of invoices
- Paid after 61+ days
- 2%
- Reporting period
- 1 Jan 2026 – 30 Jun 2026
- Source
- their gov.uk filing, filed 4 Aug 2026
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2026 filing
Paid within their stated range — 29 against 7–60 days
Where their invoices landed · share of all invoices
The pattern · last 6 of 17 reports
Holding steady around 29 days
The read · computed from their figures
Covance Laboratories Limited's H1 2026 filing puts their average at 29 days against stated terms of 7–60 days; 11% of invoices were paid outside agreed terms and 2% took 61 days or longer. Filed 4 Aug 2026.
The pattern is steady — their reported average moves within about ±2 days period to period.
On the latest reported averages: Faster than 55% of the 510 large companies reporting in professional & technical services.
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
The standard business terms are 45 days from date of invoice, however these can differ upon mutual agreement and included in the contract. Ranging from 7 days to 60. Any changes to the agreed payment terms will be discussed with the supplier in advance. Any Disputes are raised with the central procurement team who will assess whether the issue relates to price or quality of product and include the relevant teams in discussions with the supplier so that a resolution can be found.
Dispute resolution
Any Disputes are raised with the central procurement team who will assess whether the issue relates to price or quality of product and include the relevant teams in discussions with the supplier so that a resolution can be found.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2026 | 29 | 11% | 2% | 4 Aug 2026 |
| H2 2025 | 27 | 14% | 2% | 26 Jan 2026 |
| H1 2025 | 28 | 15% | 3% | 30 Jul 2025 |
| H2 2024 | 26 | 15% | 2% | 4 Feb 2025 |
| H1 2024 | 28 | 13% | 3% | 27 Aug 2024 |
| H2 2023 | 27 | 15% | 3% | 30 Jan 2024 |
| H1 2023 | 34 | 19% | 5% | 31 Jul 2023 |
| H2 2022 | 29 | 23% | 3% | 27 Jan 2023 |
| H1 2022 | 30 | 11% | 14% | 13 Jul 2022 |
| H2 2021 | 30 | 11% | 4% | 19 Jan 2022 |
| H1 2021 | 33 | 13% | 6% | 19 Jan 2022 |
| H2 2020 | 30 | 14% | 4% | 19 Jan 2022 |
| H1 2020 | 37 | 26% | 6% | 27 Jul 2020 |
| H2 2019 | 40 | 26% | 7% | 24 Jan 2020 |
| H1 2019 | 42 | 32% | 15% | 30 Jul 2019 |
| H2 2018 | 39 | 29% | 5% | 25 Jan 2019 |
| H1 2018 | 41 | 29% | 9% | 30 Jul 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 28 May 1974
- Registered office
- LABCORP EARLY DEVELOPMENT LABORATORIES LTD, HARROGATE, HG3 1PY
Illustrative · working-capital arithmetic
What a 29-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 29-day vs a 7-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 · Covance Laboratories Limited
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More large companies in professional & technical services
Covance Clinical Research Unit Limited · Cra International (UK) Limited · Covance Clinical and Periapproval Services Limited · Creation Communications Limited · Corning Limited · Creative Lynx Limited
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-01171833 · latest period to 30 Jun 2026
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